Course Catalog:
Hospitality Sessions for Custom Programs
Hospitality Accounting and Finance
IGIHOS0909
A Survey of Revenue
Management
This session is an overview of the theory and practice of operational and strategic revenue management policy and problems in the hospitality industry. It briefly examines the basics of revenue management in hotels. Emphasis is placed upon current issues/trends in revenue management systems and the integration of information technology, and human resources for maintaining a better decision support system.
IGIHOS0945
Hospitality Accounting 1
This session is designed to provide participants with a fundamental understanding of hospitality financial accounting concepts. The emphasis is on how to use accounting information in making managerial decisions, and to prepare and understand hospitality financial statements. Participants learn the basic fundamentals of business accounting, which include the accounting process, debit and credit transactions, journal entries, and the accounting cycle. They are also introduced to the balance sheet, income statement, and statement of cash flows, and are taught the essentials of financial statement interpretation. Upon completion of this session, participants will understand journal transactions, debits and credits, and interpret the balance sheet, income statement, and cash flow statement.
IGIHOS0946
Hospitality Accounting 2
An in-depth analysis of the financial process in the hospitality industry is the focus of this informative session. Participants are taught to make complex managerial decisions using financial analysis, as well as the fundamentals of ratio analysis, product forecasting, internal control of cash and cash systems, and capital budgeting. This session is designed to extend the theories learned in Hospitality Accounting 1 and to help hospitality participants make executive financial management decisions.
