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

Credits 3

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.

Repeat for Credit
Y

Requisites
Prerequisite: A basic financial or managerial accounting course

Typically Offered
Fall-Odd Years

Kansas State University

Course Catalog

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