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Course Information PDF
   
Course Category: Business
Course Title: Managerial Accounting for the Hospitality Industry


Course Code: BS005
Medium of Instruction: Cantonese
Duration: 20.0 hour(s)
 Course Fee:
Macao Resident: MOP1,800
Non-Macao Resident: MOP1,800
Certificate: Students who have obtained an overall passing grade of the course and met the attendance requirement will be issued a course certificate by UTM. The passing grade of the course is 50.
Course CodeSub CodeCourse Start DateCourse End DateClass Schedule
BS00524022024/06/042024/06/25View

Course CodeSub CodeRegistration PeriodQuota/RegistrationRegistration
BS0052402 2024/04/15 - 2024/05/24 25 /3    


Objective: To enhance supervisors & managers’ understanding of the essential role of accounting in hospitality business.

Outline: Hospitality Industry Accounting
  • The Purpose of Accounting in the Hospitality Industry
  • Branches of Accounting
  • Why Hospitality Managers Use Managerial Accounting
  • The Uniform Systems of Accounts
Accounting Fundamentals
  • Difference between Bookkeeping and Accounting
  • The Accounting Formula
  • Recording Changes to The Accounting Formula
  • The Hospitality Business Cycle
The Income Statement
  • The Purpose of the Income Statement
  • Income Statement Content
The Balance Sheet
  • The Purpose of the Balance Sheet
  • Balance Sheet Content
The Statement of Cash Flows
  • The Purpose of the Statement of Cash Flows
  • Statement of Cash Flows Content
Financial Ratios
  • Purpose and Value of Ratios
  • Types of Ratios
  • Comparative Analysis of Ratios
  • Ratio Analysis Limitations
Food and Beverage Pricing
  • Factors Affecting Menu Pricing
  • Assigning Menu Prices
  • Menu Price Analysis
Revenue Management for Hotels
  • Establishing Room Rates
  • Revenue Management
  • Non-Room Revenue
Managerial Accounting for Costs
  • Fixed and Variable Costs
  • Cost/Volume/Profit Analysis
Summary and Conclusion

Teacher: Please refer to the schedule

  Last Updated: 2023/08/23

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