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HCM400 Princ of Hosp & Casino Acct

Lead Faculty: Dr Michael Charles Pickett

Course Description

This course encompasses financial reporting systems, internal controls, managerial reporting and federal and state regulations that impact the accounting in a hotel, resort or casino environment. Students will gain hands-on experience in complying with GAAP and legal requirements of financial reporting in the hospitality and casino industries.

Learning Outcomes

  • Demonstrate an understand fundamental accounting and financial management concepts.
  • Evaluate financial statements accounting departments in the hospitality industry produce and the types of information these reports provide.
  • Be able to use the basic vocabulary and definitions associated with accounting and financial management as applied to the hospitality industry.
  • Develop the skills necessary to understand and communicate financial data to make sound decisions and powerful presentations.
  • Generate and analyze fundamentals of ratio analysis and how ratios are used in financial statements and in making business decisions for the hospitality industry.
  • Use common methods of analysis when to measure a hospitality business's financial performance.
  • Evaluate ethical concerns in accounting in the hospitality and casino industries.
  • Demonstrate a clear understanding of major accounting concepts in writing and orally using proper business communications techniques.
  • Demonstrate the ability to use on-line resources to research and prepare written and oral assignments.