HMGT 2240 - Managerial Accounting for Hospitality Management

3 sem hrs cr

Elements of cost and financial statement analysis are studied in this problem solving–oriented course. Students are acquainted with financial and operating ratios, budgeting, pricing, cost-volume-profit relationship, cost analysis and potentials, cash management, and investment considerations.   Prerequisite: ACCT 1010  

In rare and unusual circumstances, a course prerequisite can be overridden with the permission of the Department Lead for the discipline.  

Transfer (UT) or Non-Transfer Course (UN): UN

Students will be able to…

• demonstrate a basic understanding of the accounting reports used for financial analysis common to the hospitality industry.
• demonstrate a basic understanding of the meaning and source of data used in ratio analysis.
• understand the concept and application of budgeting common to the hospitality industry.
• understand how to analyze and interpret various parts of the financial statements commonly used in the hospitality industry.
• demonstrate a basic understanding of accounting terminology explained in the course.