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Financial management in tourism and service business (5 cr)

Code: MR00DU55-3004

General information


Enrollment

06.04.2022 - 22.04.2022

Timing

29.08.2022 - 23.10.2022

Number of ECTS credits allocated

5 op

Virtual portion

5 op

Mode of delivery

Distance learning

Campus

Ecampus

Teaching languages

  • Finnish

Degree programmes

  • Degree Programme in Tourism and Service Business

Teachers

  • Mailis Kervinen

Teacher in charge

Mailis Kervinen

Groups

  • MRKT21SV
    Tourism and service business, online studies
  • MRMI21SV
    Tourism and Service Business, online studies

Objective

You know the role and contents of management accounting in hospitality business.
You are able to define the basic concepts of bookkeeping.
You are able to interpret financial statements, profit and loss account and the balance sheet.
You understand the meaning of cost control and can detemine the profitability of a business.

Content

What are the role and contents of management accounting in hospitality business?
What are the basic concepts of bookkeeping?
How to read the profit and loss account and balance sheet?
How to close the accounts?
What are the key factors affecting business profitability?
How to improve the profitability of a hospitality business?

Evaluation scale

1-5