NRRT 650 - Financial Management in Tourism

  • 2 credits
View available sections

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.

This course can be applied toward:

Textbooks and Materials

Textbooks and materials can be purchased at the CSU Bookstore unless otherwise indicated.

Required

  • Entrepreneurial Finance, 6th Ed. (2014)
    Adelman, P.J. & Marks, A.M.

Instructors

Alan Bright
Alan Bright

(970) 491-5487 | alan.bright@colostate.edu

Tenured Professor

Prior to earning his Ph.D. in Human Dimensions of Natural Resources, Alan Bright earned a BA in Accounting, an MBA, his CPA certificate, and spent several years working in the private sector in public accounting and banking. He teaches numerous business-related courses in the Masters of Tourism Management program, including Tourism Finance, Tourism Law, and Organizational Management in Tourism.

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