Study Guide

Objective

Having completed this study unit
· You know the significance of financial management in tourism and hospitality.
· You are able to make every-day financial decisions by applying financial mathematics.
· You know the basic concepts of financial management and the legislation related to it.
· You know the basic financial statement analysis.
· You are able to utilize Excel in a basic financial statement analysis.
· You know the significance of personal financial sustainability.

Competences:

Content

Content:
· financial management as a concept in hospitality and tourism
· basics of financial mathematics
· basic concepts of financial management and legislation
· basic financial statement analysis
· excel as a tool in Financial Management
· personal financial sustainability

Assessment criteria, satisfactory (1)

Satisfactory (2)

Poor (1)

Assessment criteria, good (3)

Very good (4)
Good (3)

Assessment criteria, excellent (5)

Excellent (5)