Accounting Principles for Management

On successful completion of this unit, students will be able to:

1. Demonstrate theoretical and technical knowledge of fundamental accounting concepts and principles;
2. Create a set of basic financial reports for a hotel or hospitality business to inform users of business performance and position;
3. Create a budget for a hotel or hospitality business for the purpose of planning and control of business operations;
4. Calculate and review finances within a budget, demonstrating the ability to assess and respond to budget deviations; and
5. Communicate financial information to relevant stakeholders in a manner appropriate to the audience enabling for short-term and long-term decision-making.