HOSPITALITY ACCOUNTING-II

Course Description

Hospitality Accounting II is a continuation of Hospitality Accounting I and provides students with the knowledge and skills necessary to understand and manage financial transactions in the tourism industry. The course builds upon the principles of accounting and financial management introduced in Hospitality Accounting I and explores more advanced topics such as financial analysis, budgeting, forecasting, taxation, and auditing. Students will learn how to prepare financial statements, analyze financial data, and use financial information to make informed decisions in the tourism industry. They will also gain a deeper understanding of the role of accounting in the tourism sector and how accounting principles can be applied to various tourism-related businesses such as hotels, airlines, and travel agencies. The course will emphasize the use of computer-based tools and accounting software to help students develop practical skills in financial management. They will learn how to use spreadsheets, databases, and other software applications to manage financial data, track expenses, and create financial reports.

HOSPITALITY ACCOUNTING-II

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 1. Apply generally accepted accounting principles to hospitality situations.
2. 02 2. Identify the major types of adjusting entries.
3. 03 3. Identify the sections of a classified balance sheet
4. 04 4. Analyse financial data for account adjustments.
5. 05 5.Arrange a statement of cash flows

Course Syllabus

Reference Books & Course Materials

1. 01 Weygandt, Jerry J., Kieso Donald E., Kimmel Paul D., and DeFranco Anges L.,2009. Hospitality Financial Accounting , John Wiley and Sons, Inc., Hoboken, New Jersey.
2. 02 Documents given by instructor

Learning Outcomes

1. L01 Students will be able to find general information in making investment and credit decisions. SOLO 2
2. L02 Students will be able to develop an understanding of the basic financial reports. SOLO 5
3. L03 Students will be able to classify and record costs incurred in the production process using the appropriate cost system. SOLO 3
4. L04 Students will be able to identify the steps in the accounting cycle and discuss the role of accounting records in an organization. SOLO 2
5. L05 Students will be able to assess the value of a financial asset, including bonds and stocks. SOLO 5
6. L06 Students will be able to describe the accounting and reporting of fixed assets, intangible assets, and natural resources. SOLO 3

Program Outcomes

1. P01 1. Students will be able to adopt theoretical and practical knowledge in a challenging work environment.
2. P02 2. Students will be able to guide teamwork in intercultural and various international working environments.
3. P03 3. Students will be able to obtain the communicative, conceptual and analytical skills necessary for conflict environments.
4. P04 4. Students will be able to recognize the importance of basic competence to create a competitive advantage and achieve a success on a global scale.
5. P05 5. Students will be able to integrate ethical and social responsible practices that are environmentally friendly and applicable both in business and personal life.
6. P06 6. Students will be able to raise awareness about continuous improvement to increase business performance in professional life.
7. P07 7. Students will be able to adopt and apply critical and strategic thinking together with research capabilities for organizational decisions.
8. P08 8. Students will be able to use and manage the information technologies required for the contemporary business world.
9. P09 9. Students will be able to have a knowledge of, at least, one foreign language at basic level in addition to English.
10. P10 10. Students will be able to acquire effective teamwork skills.

Po-Lo Matrix