Profitability in hospitality business (5 cr)
Code: MR00DU60-3001
General information
Enrollment
08.11.2021 - 21.11.2021
Timing
10.01.2022 - 30.04.2022
Number of ECTS credits allocated
5 op
Virtual portion
1 op
Mode of delivery
80 % Contact teaching, 20 % Distance learning
Campus
Mikkeli Campus
Teaching languages
- Finnish
Seats
0 - 50
Degree programmes
- Degree Programme in Tourism and Service Business
Teachers
- Tuula Höglund
- Tiina Tuovinen
Teacher in charge
Tiina Tuovinen
Groups
-
MRMI20SP
-
MRMI20KPTourism and Service Business, full-time studies
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?
Evaluation scale
1-5