Ecole de Savignac >> Learning Avenue >> Formations proposées >> Foundation Degree >> Programme et calendrier >> Introduction to Hospitality Business Finance
Introduction to Hospitality Business Finance
Welcome to this module
The purpose of this module is to give professonals in the hospitality industry a working knowledge of finance as it applies to organizations in the industry. Previous students on the course have found it intersting as well as useful in their professional life.
Module Summary
Through a combination of lectures, case study investigation and independent research you will develop an understanding of the need for financial management strategies and how they impact on all areas of decision-making of hospitality management.
Learning experience
Aim in the module is to : enable participants to recognise and explain the need for financial planning, monitoring and control within the hospitality industry.
Learning outcomes
A the end of the module you will be able to :
1. Demonstrate a knowledge and understanding of the theories, concepts and principles of financial management in hospitality
2. Examine and evaluate a range of financial documents
3. Investigate a range of case study material to compare and contrast monitoring and controlling of finance in different areas of hospitality
4. Prepare and present cash-flow, profit and loss and balance sheets in appropriate formats using appropriate terminology
5. Investigate and evaluate major influencing factors which impact on financial decision-making.
Content of the modules
- Principles and theories of financial management - specific reference to hospitality industry
- Content and structure of financial documents
- Internal and external influences on financial decision-making
- Providers and users of finance
Learning resources
Materials to be provided
- Lecture notes
- Case studies
- Actual financial documents from hospitality organisations
- Module Study Guide
- Questionnaire / module review
