This course focuses on enhancing the student's understanding of key concepts of finance as they relate to a travel and tourism business. While many of the concepts covered in this course are applicable to those students who find themselves working for large corporations, the content also applies for those students working in or starting smaller entrepreneurial tourism enterprises. Case studies and discussions will apply concepts specifically to businesses within the travel and tourism industry. The first section of the course introduces students to the financial accounting aspect of finance, including an introduction to basic finance and economic concepts and analyzing financial statements The second section of the course addresses management accounting aspects of finance including forecasting and budgeting; analysis of profit, profitability, and cost structure; and working capital management.
Textbooks and Materials