Management Accounting for Tourism and HospitalityLaajuus (5 cr)
Code: R800CG02
Credits
5 op
Teaching language
- English
Responsible person
- Tarja Tammia
Objective
Having completed this study unit
• You know the key principles of financial analysis in the field of tourism and hospitality.
• You know the significance of revenue management in tourism and are able to compile detailed budgets.
• You understand the importance of financial analysis in the field of tourism and will be able to use Excel.
• You understand investment and financing details in the decision-making process.
• You understand the importance of financial decision making in the management process.
• You are able to make a small written financial analysis of a tourism and hospitality company.
• You know the importance of Sustainable Finance and Investment (ESG) related to management accounting aspects.
• You know the importance of sustainability reporting in the field of tourism (e.g. subcontracting chains in tourism).
Competences:
Content
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
• sustainability reporting in the field of tourism
Assessment criteria, satisfactory (1)
Satisfactory (2)
Poor (1)
Assessment criteria, good (3)
Very good (4)
Good (3)
Assessment criteria, excellent (5)
Excellent (5)