Focuses on the generation
and analysis of quantitative information for planning, control, and
decision-making by hospitality managers. Emphasizes the use of timely and
relevant financial information as a vital tool of management. Financial reports
are analyzed, cost concepts introduced, CVP analysis undertaken. Forecasting
methods are introduced and examined, the preparation and use of operations
budgets reviewed, and capital budgeting methods considered. A range of
practical exercises are utilized throughout this course of study.