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Industry

Hospitality Leadership Through Learning
Industry

Principles of Financial Accounting in the Hospitality Industry

Course Cost US$1,145
Number of Hours to Complete Course: 15
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This course is part of an Online Certificate.

Course Focus

You don't have to be an accountant to grasp the fundamentals of hospitality accounting. In nontechnical terms, this course teaches you how to read, compose, and communicate financial information. You will see how income statements, balance sheets, and cash-flow statements describe a business and its performance. After completing the course, you will be better able to gather, understand, and share financial data within your organization. You will make more effective presentations and better decisions, setting the stage for your own career advancement.

Who Should Take this Course?

Hospitality professionals who seek a basic understanding of financial accounting principles and concepts enabling them to communicate financial information within their organization; this program will also help professionals to enhance their current job performance or to prepare them for advancement.

Key Benefits

This course will teach you relevant accounting terms and concepts as they apply in the hospitality industry, including the Uniform System of Accounts. You will learn the relevance of various transaction types and accounting principles, how to assign the proper category when processing a transaction, and how to track the financial performance of a business using our unique Integrated Accounting Spreadsheet (IAS) system.

Course Topics:

  • Understanding the basic principles, transactions and concepts that form the foundation of an accounting system
  • Relating financial transactions in terms of the appropriate Uniform System of Accounts categories
  • Understanding what income statements, balance sheets, and cash-flow statements reveal, and how they relate to each other
  • Utilizing accounting reports to communicate the financial performance of a business

Faculty

  • Robert M. Chase, M.B.A., Professor Emeritus, School of Hotel Administration, Cornell University

Level 1 

Course Format:

Our online courses take a problem-based approach to learning, and we build each course around realistic case studies and scenarios. All courses are self-paced, and are managed by an online instructor who leads the online discussions and is available to answer any questions about the course content. You will have a 4-week instructional period at the beginning of the course within which you will complete the required elements of the course. You will have access to the course content for an additional month following the instructional period.

Course sessions begin on Wednesdays.
Please choose from the following course start dates:

Course Code: DLP02AFM1

Completion of this course qualifies for 1.5 Continuing Education Units (CEUs).

  • 25 November 2009
  • 16 December 2009
  • 20 January 2010
  • 17 February 2010
  • 17 March 2010
  • 14 April 2010
  • 12 May 2010
  • 09 June 2010
  • 07 July 2010
  • 04 August 2010
  • 01 September 2010
  • 29 September 2010