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Profitability in hospitality business (5 cr)

Code: MR00DU60-3002

General information


Enrollment

08.11.2021 - 21.11.2021

Timing

10.01.2022 - 06.03.2022

Number of ECTS credits allocated

5 op

Virtual portion

5 op

Mode of delivery

Distance learning

Campus

Ecampus

Teaching languages

  • Finnish

Seats

0 - 100

Degree programmes

  • Degree Programme in Tourism and Service Business

Teachers

  • Tiina Tuovinen

Teacher in charge

Tiina Tuovinen

Groups

  • MRKT20SV
    Tourism and service business, online studies
  • MRMI20SV
    Tourism and Service Business, online 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