Financial Management for Hospitality & Tourism

Catalog description

An examination of various financial instruments, structures, and strategies by which hospitality and tourism businesses operate. Topics to be covered include: basic financial concepts; reporting requirements for the hotel and tourism industries; methods of raising capital; the time value of money; budgeting; and forecasting; sources and uses of working capital; and differences between not for profit accounting and capital accounting. Students will use professional hotel and tourism business software.