Financial accounting for hotel and tourism (BHO201)
Financial Accounting for the hospitality industry is an introduction course for bachelor students. The main aim for the course is to teach students to read and understand annual reports from companies in the hospitality industry.
Course description for study year 2023-2024
Facts
Course code
BHO201
Version
1
Credits (ECTS)
10
Semester tution start
Autumn
Number of semesters
1
Exam semester
Autumn
Language of instruction
English, Norwegian
Time table
Content
Financial accounting for the hospitality sector is an introductory-level course in financial accounting.
Learning outcome
After completing the coursestudents are expected to have
Knowledge:
- Have knowledge of basic accounting
- Have knowledge of key legislation regarding accounting
- Have knowledge of the deferred tax model
- Have knowledge about cash flow analysis
- Have knowledge of analysis of accounting
Skills:
- Have skills in posting financial transactions
- Have skills in accrual accounting methods
- Have skills in preparing cash flow analysis models
- Have skills in calculating various ratios for the analysisof financial statements
General knowledge:
- After completing the coursethe student should possess basicknowledge of financial statements for the hotel and hospitality industry.
- Be able to critically analyse the financial statements based on various tools and techniques, and discuss the financial reports which are particularly important in large chains with the centralised financial function
- Use of Excel in connection with accounting reporting and cash flow analysis
Required prerequisite knowledge
None
Exam
Written exam(s)
Form of assessment | Weight | Duration | Marks | Aid |
---|---|---|---|---|
Written exam | 3/10 | 2 Hours | Letter grades | - 1), Own notes, Valid calculator, |
Written exam | 7/10 | 3 Hours | Letter grades | - 2), Own notes, Valid calculator, |
1) Excel
2) Excel
Course teacher(s)
Course coordinator:
Jinghua XieCourse coordinator:
Trude FurunesMethod of work
Lectures and Group work
Overlapping courses
Course | Reduction (SP) |
---|---|
Financial accounting for hotel and tourism (BHO280_2) | 10 |
Open for
Course assessment
There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.