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HTM 24100: Managerial Accounting and Financial Management
in the Hospitality Industry
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Contact Information

Hospitality and Tourism Management
Stone Hall, Room 106
700 W. State Street
West Lafayette, Indiana 47907-2059

Phone: (765) 494-4643
Fax: (765) 494-0327
E-mail: htm@purdue.edu

E-mail Web site administrator

Course Description

Managerial and financial analyses of numerical data used for decision-making. Consideration of systems, techniques, information types, and presentational forms used by hospitality management. Emphasis on situations oriented to the hospitality industry.

Pre-requisite

College of Consumer & Family Sciences majors only; MA 15200 or higher and HTM 14100 or MGMT 20000.

Course Objectives
At the completion of this course, the student will be able to:

  • Describe the major accounting categories that appear on the statement of income, the balance sheet, and equity statements.
  • Utilize ratio analysis to evaluate managerial effectiveness in meeting objectives.
  • Utilize various pricing methods in the hospitality and service industries.
  • Describe various costs as found in hospitality and service businesses.
  • Define direct and indirect costs, fixed, and variable costs, and discretionary costs.
  • Calculate costs of sales.
  • Utilize costs to help make business decisions.
  • Utilize CVP analysis to calculate the break even point as well as examine the effect of cost and price changes.
  • Describe the budgeting process. Prepare budgeted income statements given information about revenue and cost.
  • Analyze differences between planned budgets and actual results.
  • Describe how to generate the statement of cash flow.
  • Utilize cash management procedures to prepare a cash budget.
  • Utilize various decision making approaches to capital investment including payback period, accounting rate of return, net present value, and internal rate of return. 
  • Utilize Excel as a tool in setting up and examining various financial decisions.

 

Instructor Information

John Roselle, MBA
Office: Stone 152-B
Phone: (765) 494-4738

E-mail: Roselle@purdue.edu

Soo Cheong (Shawn) Jang, PhD
Office: Stone B1-C
Phone: (765)496-3610
E-mail: jang12@purdue.edu