45 hours lecture, 3 credits

This is an introductory course designed to provide an understanding of financial practices and information used by management in the tourism and hospitality industry. Topics included are financial analysis, working capital and cash-flow management, debt and equity financing, labour costs, forms of business, risk and insurance, income and other taxes, operational budgeting, capital budgeting, purchasing vs. leasing, pricing, R.O.I., investment decisions, contribution margin and breakeven analysis, feasibility studies and tax issues and planning. This course will expand on the use of computerized accounting software and spreadsheet software.

Prerequisite(s): Successful completion of TRM 115

Offered in the following terms: 2012 Winter

For more information, timetabling or to register visit: NIC Connect