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HOSP300 - Managerial Accounting for the Hospitality Industry

Course Details

Course Code: HOSP300 Course ID: 4282 Credit Hours: 3 Level: Undergraduate

Key accounting concepts and the selective application of its most effective strategies and tactics are mission critical factors for most hospitality operations. Students participate in real-world hands-on managerial accounting in a hospitality setting. Covers the tax changes made in 2010 and the updated operating statistics. Revenue management and dynamic pricing, accounting for gift cards, unsecured bank loans, and profitability indexes are introduced.





Prerequisites

Course Schedule

Registration Dates Course Dates Session Weeks
12/31/18 - 05/31/19 06/03/19 - 07/28/19 Spring 2019 Session D 8 Week session
02/25/19 - 08/02/19 08/05/19 - 09/29/19 Summer 2019 Session I 8 Week session
04/29/19 - 10/04/19 10/07/19 - 12/01/19 Fall 2019 Session B 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:

1) Explain the primary purpose of accounting and each of the five branches of accounting.

2) Prepare financial statements utilized in the Hospitality Industry, including P&L, statement of cash flow, balance sheet and income statement.

3) Identify factors that affect a foodservice operation’s menu pricing strategy.

4) Interpret hotel financial reports that are used in the industry for performance reports and expense allocation.

5) Compute sales forecasts and operating budgets for multiple months, based on historical figures.

6) Explain why ethics is a fundamental business concept, and essential in accounting

7) Using results from a restaurant’s financial analysis, provide recommendations for next year’s budget and strategy.

Reading Assignments:

The textbook and additional journals as assigned in the lessons

Forum Assignments:

Detailed forum expectations and grading rubrics are posted in the forums and in the classroom lessons.

Homework Assignments and Final Project:

There are assignments due throughout the course. Specific details for each assignment can be found in the Assignments section of your online classroom.

Quizzes

Online quizzes may be comprised of multiple choice, short answer and true/false questions.

NameGrade %
Forums 40.00 %
Forum 1 5.00 %
Forum 2 5.00 %
Forum 3 5.00 %
Forum 4 5.00 %
Forum 5 5.00 %
Forum 6 5.00 %
Forum 7 5.00 %
Forum 8 5.00 %
Assignments 30.00 %
Assignment 1: Accounting Fundamentals 5.00 %
Assignment 2: Income Statements and Balance Sheets 5.00 %
Assignment 3: Cash Flows & Pricing 5.00 %
Assignment 4: Understanding Ratios 5.00 %
Assignment 6: Revenue Management & Cost Accounting 5.00 %
Assignment 7: Forecasting & Internal Controls 5.00 %
Research Papers 20.00 %
Assignment 5: Paper 1 - Letter to the CEO 10.00 %
Assignment 8: Final Paper - Reading and Understanding Financial Statements 10.00 %
Quizzes 10.00 %
Week 7 Quiz 4 2.50 %
Week 5 Quiz 3 2.50 %
Week 3 Quiz 2 2.50 %
Week 1 Quiz 1 2.50 %

Required Readings – As assigned, see Weekly Lessons and Forum Postings

Additional Resources and Websites – See Weekly Lessons

Book Title:Managerial Accounting for the Hospitality Industry - eBook available through the APUS Online Library.
ISBN:9780471723370
Author:Dopson
Unit Cost:$89.26

Previous Syllabi

Not current for future courses.