Study Guide

Objective

The student knows the key principles of financial analysis in the field of tourism and hospitality. He/she knows the significance of revenue management in tourism and is able to compile detailed budgets. He/she understands the importance of financial analysis in the field of tourism and will be able to use Excel. The student understands investment and financing details in the decision-making process. He/she understands the importance of financial decision making in the management process. He/she is able to make a small written financial analysis of a tourism and hospitality company. He/she knows the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects.

Content

• Revenue management in tourism
• Detailed profitability analysis
• Liquidity analysis
• Growth rates
• Leverage analysis and forecasting
• Advanced budgeting and Excel
• Investments and financing
• Financial decision-making and management
• Sustainable Finance and Investment (ESG) in tourism

Location and time

This starts at week 36 and it ends at the end of week 43.
Lectures are organised in classrooms.

Materials

The course materials are introduced the Moodle.

Teaching methods

The implementation of the course progresses gradually in a classroom format. The implementation emphasizes self-directed and active learning (flipped classroom). The course includes familiarization with learning materials and source materials, independent exercises and learning tasks, and collaboration.

Exam schedules

The eExam is during the weeks 38 to week 40.
The group assignment is due by the end of week 41 and the individual assignment is due at the end of week 43.

Content scheduling

• Revenue management in tourism
• Detailed profitability analysis
• Liquidity analysis
• Growth rates
• Leverage analysis and forecasting
• Advanced budgeting and Excel
• Investments and financing
• Financial decision-making and management
• Sustainable Finance and Investment (ESG) in tourism

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Satisfactory (2)
The student is able to identify the key principles of financial analysis and well as the significance of revenue management. He/she is able to make detailed budgets. He/she understand the importance of financial analysis and is able to use Excel in basic calculations. The student understands investment and financing details in the decision-making process and is able to make basic calculations. He/she can identify the importance of financial decision-making in the management process. He/she is able to make a small written financial analysis of a tourism and hospitality company. He/she can explain the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. The assignments are completed but not always performed according to the instructions and deadlines.

Poor (1)
The student knows the key principles of financial analysis in the field of tourism and hospitality. He/she knows the significance of revenue management in tourism and is able to compile detailed budgets with assistance. He/she understands the importance of financial analysis and is able to use Excel in basic calculations with assistance. The student understands investment and financing details in the decision-making process and is able to make basic calculations with assistance. He/she understands the importance of financial decision-making in the management process. He/she is able to make a small written financial analysis of a tourism and hospitality company with assistance. He/she knows the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. The assignments are completed but not always performed according to the instructions and deadlines.

Fail (0)
The student does not complete the assignments according to the instructions or does not attend the learning situations at all. He/she does not pass the assignments, tests and/or the exam as required.


These are the general assessment criteria. Please note that there might be more specific assessment criteria for learning assignments which will be given at the beginning of the study unit.

Assessment criteria, good (3)

Very good (4)
The student is able to make calculations and evaluate the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can analyse the choices made for the calculations made. He/she can implement calculations in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and give development ideas. The student can evaluate the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. All the assignments are performed according to the instructions and deadlines.

Good (3)
The student is able to make calculations and compare the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can compare the choices made for the calculations. He/she can implement the calculations with assistance in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and compare the result. The student can see the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. Most of the assignments are performed according to the instructions and deadlines.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to make calculations and critically evaluate the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can analyse and justify the choices made for the calculations. He/she can implement and analyse calculations in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and give development ideas and/or critically evaluate the results. The student can critically evaluate the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. All the assignments are performed according to the instructions and deadlines.

Assessment methods and criteria

Independent and group tasks and peer feedback in the Moodle - Individual learning task: analysis of company's financial statements and eExam.

Assessment criteria, fail (0)

Fail (0)
The student does not complete the assignments according to the instructions or does not attend the learning situations at all. He/she does not pass the assignments, tests and/or the exam as required.

Assessment criteria, satisfactory (1-2)

Satisfactory (2)
The student is able to identify the key principles of financial analysis and well as the significance of revenue management. He/she is able to make detailed budgets. He/she understand the importance of financial analysis and is able to use Excel in basic calculations. The student understands investment and financing details in the decision-making process and is able to make basic calculations. He/she can identify the importance of financial decision-making in the management process. He/she is able to make a small written financial analysis of a tourism and hospitality company. He/she can explain the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. The assignments are completed but not always performed according to the instructions and deadlines.

Poor (1)
The student knows the key principles of financial analysis in the field of tourism and hospitality. He/she knows the significance of revenue management in tourism and is able to compile detailed budgets with assistance. He/she understands the importance of financial analysis and is able to use Excel in basic calculations with assistance. The student understands investment and financing details in the decision-making process and is able to make basic calculations with assistance. He/she understands the importance of financial decision-making in the management process. He/she is able to make a small written financial analysis of a tourism and hospitality company with assistance. He/she knows the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. The assignments are completed but not always performed according to the instructions and deadlines.

Assessment criteria, good (3-4)

Very good (4)
The student is able to make calculations and evaluate the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can analyse the choices made for the calculations made. He/she can implement calculations in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and give development ideas. The student can evaluate the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. All the assignments are performed according to the instructions and deadlines.

Good (3)
The student is able to make calculations and compare the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can compare the choices made for the calculations. He/she can implement the calculations with assistance in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and compare the result. The student can see the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. Most of the assignments are performed according to the instructions and deadlines.

Assessment criteria, excellent (5)

Excellent (5)
The student is able to make calculations and critically evaluate the results related to different types of analysis, budgeting and revenue management by using Excel. He/she can analyse and justify the choices made for the calculations. He/she can implement and analyse calculations in the case provided. He/she is able to make a small written financial analysis of a tourism and hospitality company and give development ideas and/or critically evaluate the results. The student can critically evaluate the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects. All the assignments are performed according to the instructions and deadlines.