This course examines the principles of financial management as they apply to firms in tourism and hospitality sectors. Topics covered include financial statement analysis; budgeting; time value-of-money; profit planning and decision-making; cost-volume-profit analysis; and capital budgeting. Special topics in hospitality and tourism include management contracts; franchising; revenue management; and real estate investment trusts (REITS). Prerequisite: TMGT 2010 or equivalent and 3rd year standing. Note: Students may only receive credit for one of BBUS 2120, BBUS 3120, BBUS 3121, FNCE 2120, FNCE 2121, FNCE 3120 or TMGT 3030.
This course examines the principles of financial management as they apply to firms in tourism and hospitality sectors. Topics covered include financial statement analysis; budgeting; time value-of-money; profit planning and decision-making; cost-volume-profit analysis; and capital budgeting. Special topics in hospitality and tourism include management contracts; franchising; revenue management; and real estate investment trusts (REITS). Prerequisite: TMGT 2010 or equivalent and 3rd year standing. Note: Students may only receive credit for one of BBUS 2120, BBUS 3120, BBUS 3121, FNCE 2120, FNCE 2121, FNCE 3120 or TMGT 3030.
