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ACC00207 - Hospitality and Tourism Financial Management (2018)

2014 | 2015 | 2016 | 2017 | 2018

Availabilities:

LocationDomesticInternational
Coffs Harbour Session 2 Session 2
Melbourne - The Hotel School Session 2, 3 Session 2, 3
Online Session 2 Session 2
Sydney - The Hotel School Session 2, 3 Session 2, 3

Unit aim

Develops students' understanding of the use of financial and operating information in planning, control, evaluation and decision making in hotels. The focus is management accounting and financial accounting for hotels. The topics include management control, hotel financial statements, financial analysis, cash management, cost management, internal controls, product and services pricing, operational budgeting variances, investment decisions and feasibility studies.

Unit content

Understanding hotel financial statements and control
Topic 1 - Management control systems
Topic 2 - Pricing decisions in hotels
Topic 3 - Statement of cash flows Budget management
Topic 4 - Cash management
Topic 5 - Operations budgeting and inventory management (part 1)
Topic 6 - Operations budgeting and variance analysis (part 2) Long-term planning and financing decisions
Topic 7 - Investment decisions
Topic 8 - Feasibility studies

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 explain the uses of, and be able to apply, management and financial accounting information in the hotel and other service industry settings
2 recognise the role of management accounting in decision making, planning and the control of hotel and other service industry operations
3 analyse the interaction of accounting information and analyses with operations management and strategic corporate plans
4 explain the use and application of management accounting information in operations management and marketing decisions (feasibility studies), especially in hotels and other service industries.

On completion of this unit, students should be able to:

  1. explain the uses of, and be able to apply, management and financial accounting information in the hotel and other service industry settings
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  2. recognise the role of management accounting in decision making, planning and the control of hotel and other service industry operations
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills
  3. analyse the interaction of accounting information and analyses with operations management and strategic corporate plans
    • GA2: Creativity
  4. explain the use and application of management accounting information in operations management and marketing decisions (feasibility studies), especially in hotels and other service industries.
    • GA2: Creativity
    • GA4: Knowledge of a discipline
    • GA6: Communication and social skills

Prescribed texts

Session 2

  • Prescribed text information is not currently available.

Session 3

  • Prescribed text information is not currently available.

Prescribed texts may change in future study periods.

Teaching and assessment

Coffs Harbour

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Online - Open Book 25%
Online - Open Book 25%
Exam: closed book 50%

Melbourne - The Hotel School

Teaching method
Lecture on-site 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Online - Open Book 25%
Online - Open Book 25%
Exam: closed book 50%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Online - Open Book 25%
Online - Open Book 25%
Exam: closed book 50%

Sydney - The Hotel School

Teaching method
Lecture on-site 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Online - Open Book 25%
Online - Open Book 25%
Exam: closed book 50%

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

From the 1st of June, 2017, the term 'Distance Education' has been replaced with 'Online'

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.