HMD 895 - Financial Management and Cost Controls for the Hospitality Industry

Overview of fundamental knowledge of financial management, managerial accounting and operational cost controls for the hospitality industry. Important topics include review of managerial accounting concepts based on the Uniform System of Accounts for the Lodging Industry, value and risk analyses, budgeting, asset management, expansion via franchising and management contracts, cost-volume-profit analyses, and operational applications for financial performance.

Credits: (3)

Requisites:
Pr.: ACCTG 810; HMD 342; and HMD 480 or 560 or MANGT 420.

When Offered:
Fall

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Kansas State University

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HMD 895 - Financial Management and Cost Controls for the Hospitality Industry