Hospitality Financial Analysis

Catalog description

This course looks at accounting theory and use of the Uniform System of Accounting as applied to the hospitality & restaurant industry. It emphasizes development and use of financial statements and provides an overview and understanding of the need for budgets and budgeting. This course covers the principles and procedures involved in an effective system of food, beverage, labor and sales control. This course emphasizes the development and use of standards and calculations of actual costs.