Profitability in hospitality businessLaajuus (5 cr)

Objective

You show abilities in cost accounting methods and in profitability accounting in hospitality business.
You practice cwith exercises to calculatw the product and service costs, profitability and the price of the services produced.
You show knowhow in financial planning and understand the meaning of budgeting for a profit centre.
You are able to read and follow a budget and are able to draw up a budget for a small business.

Content

What are the methods of cost and profitability accounting?
How to find out the product and service costs and profitability?
How to make different kind of product calculations and carry out profitability and cost accounting?
What is the meaning of budgeting for a profit centre?
How to read and follow a budget and how to draw up a budget?

Accomplishment methods

Students can:
use professional vocabulary systematically.
look for information in the key information sources of the field.
identify interrelated tasks.
use the key models, methods, software and techniques of the professional field.