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Unit of Study HOTL1002 - Accounting and Finance for Hotel Operations (2024)

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Unit Snapshot

  • Enrolment information

    N/A

Unit description

Introduces students to the foundation principles and practices of accounting and finance for the hotel industry.  Students focus on how financial and management information is used for planning, measurement and control.

Unit content

  1. Introduction to Financial Statements
  2. Financial statement analysis
  3. Responsibility accounting and budgeting
  4. Cost volume profit analysis and capital investment decisions
  5. Internal controls and pricing decisions
  6. Performance management

Availabilities

Location Domestic International
Brisbane - The Hotel School
Term1,3,5
Term1,3,5
Hayman Island - Hotel School
Term1,3
Term1,3
Melbourne - The Hotel School
Term1,3,5
Term1,3,5
Sydney - The Hotel School
Term1,3,5
Term1,3,5

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.

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

demonstrate knowledge of basic accounting and reporting methods in the hospitality industry

identify, compare and contrast the links between results in an accounting report and operating systems and procedures

demonstrate the capability to analyse financial reports and develop an appropriate response

Demonstrate the knowledge and skills to reflect upon budgeting in a hospitality operation.

Prescribed learning resources

Prescribed Texts
  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2020, Accounting: Business Reporting for Decision Making, 7th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730369325.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Texts
  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2022, Accounting: Business Reporting for Decision Making, 8th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730396475.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Texts
  • Birt, J, Chalmers, K, Maloney, S, Brooks, A, Oliver, J & Bond D., 2022, Accounting: Business Reporting for Decision Making, 8th edn, John Wiley & Sons Australia, Ltd, Milton, Queensland. ISBN: 9780730396475.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.