HOS 400 - Introduction to Finance in Hospitality, Recreation, Recreation Therapy, and Tourism

Units: 3
Financial aspects of the hospitality, recreation and tourism industries, including comprehension of financial statements, preparing budgets, forecasting costs, and managing revenues.

Strongly Recommended Preparation: HOS 100 and REC 100.
Prerequisites: B.S. Hospitality and Tourism major.
Possible Instructional Methods: Entirely On-ground, or Entirely Online, or Hybrid.
Grading: A-F or CR/NC (student choice).
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Basic definitions of Financial Numbers, Accounting & Financial Analysis
How a Accounting Department operating in the Hospitality Industry
How to read a Profit and Loss Statement, Balance Sheet and Cash Flow Statement
The basic foundations of Revenue Management
How Restaurant and Hotel Accounting differs from other industries 5. How to Budget and Forecast