Finances of tourism and hospitality companiesLaajuus (5 cr)
Code: MR00FD81
Credits
5 op
Objective
You know the role and contents of financial accounting in the hospitality business.
You know how to record basic business transactions into bookkeeping and financial statements.
You are able to analyse and interpret financial statements and ratios of a small enterprise in the hospitality business.
You know the basic principles of value added taxation.
Content
What is the role of financial accounting in hospitality business operations?
What is the process of accounting cycle like in small enterprises?
How to analyse and interpret financial statements? What are the basic principles of value added taxation?
How to account for value added taxation in financial accounting?