Course Information Undergraduate prospectus

Financial Planning for Hospitality

Course summary

Course code: FINA1130
Level: 6
Credits: 15
School: Business Faculty
Department: Marketing, Events and Tourism
Course Coordinator(s): BUS TBA

Specification

Aims

The aim of this course is to provide students with a critical understanding of the role of financial planning in hospitality management and practical skills in financial planning for hospitality businesses.

Learning outcomes

On successful completion of this course a student will be able to:
1 Critically analyse the role of financial planning in hospitality organisations
2 Create financial plans for hospitality organisations
3 Apply skills in financial planning to solve complex problems in case studies in the hospitality industry

Indicative content

• The role of finance in hospitality businesses
• Strategic Financial Management
• Hospitality Business Growth and Development
• Sources of finance
• Profit and Loss
• Balance Sheets
• Cash Flow
• Capital Investment
• Payroll
• Taxation

Teaching and learning activity

Lectures, tutorials, directed and self-managed research, reading and information analysis (e.g. case studies, journal and newspaper articles including international case studies.

Assessment

Online test - 100%
LO - 1,2,3
Pass mark - 40%
An online test that covers the key aspects of the course content.

Nature of FORMATIVE assessment supporting student learning:
Feedback on in-class discussions and informal formative tasks.