Management Accounting for Tourism and HospitalityLaajuus (5 cr)

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)