Princ of Hosp Casino Acct

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.