Hospitality Finance. ((3 Credits))

Catalog description

Prerequisite(s): HM 3030 and University Advanced Standing Pre- or Corequisite(s): HM 3400 Presents the general conceptual framework for understanding and applying techniques of value creation for a hospitality firm. Includes risk and value, timing and value of cash flows, valuation and required rates of return, capital expenditure analysis, project valuation criteria, capital structure management, and financial markets. Introduces financial topics and practices application techniques. Includes lecture, demonstration, case studies, and guest speakers. Lab access fee of $13 for computers applies.