One hour time-constrained unseen assessment (100% weighted)

Introduction to accounting and finance terminology (both UK and international).

Yield and revenue management. The role, aim and strategies of pricing.

Knowledge and appreciation of underlying accounting concepts, principles, rules and regulation.

Understanding of key financial statements, to include The Statement of Profit or Loss and other Comprehensive Income (Profit and Loss Account), The Statement of Financial Position (Balance Sheet).

Contemporary issues and developing areas in hospitality finance.

1. Demonstrate understanding of key finance and accounting practices
Analysis
Knowledge & Understanding

2. Apply accounting concepts and policies in the preparation, presentation and interpretation of true and fair financial statements
Application
Knowledge & Understanding

3. Apply revenue management / yield management methodologies to maximise profitability and effectiveness
Analysis
Application
Knowledge & Understanding

In addition to general classroom requirements (to include a calculator) students will need to be able to access the university online learning platform (VLE) and engage in regular e-learning activities.

Gowthorpe, C. (2011) Accounting and Finance for Business. South-Western Cengage Learning.
ISBN-978-1-4080-1837-8
(Available from the University Library as an e-book)


Burgess, C. (2014) 'Essential Financial Techniques for Hospitality Managers – a practical approach. 2nd ed', , Goodfellows: Oxford, ISBN 978-1-906884-16-1.

The learning strategy for this module is based around students committing a total of 150 hours of activities towards achieving the learning outcomes. These will be split between 39 hours of direct contact with a tutor and 111 hours of directed, guided and self-study, together with preparation for and completion of the assessment tasks. Learning support material will be provided for the module.
The module will draw upon a mixture of activities including lectures, web-based activities, case study analysis, relevant videos and in-class discussions, individual and group problem solving and self-directed learning.