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THM-215 Tourism & Hospitality Managerial Accounting

3 credits

This course is 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. The course will expand on the use of computerized accounting software and spreadsheet software.


  • BUS 100

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