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May 06, 2024
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RHT 2420 - Accounting Principles for Hospitality Operations
Examination and application of managerial and financial accounting principles for the hospitality operations.
Requisites: MATH 1200 or higher or Math Placement Level 1 or higher
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes: - Students will be able to calculate labor and employee cost benefits within the hospitality operation.
- Students will be able to interpret standard costs and actual costs within the hospitality industry.
- Students will be able to define control and recognize its importance in the management system.
- Students will be able to demonstrate the journal and ledger recording processes.
- Students will be able to practice accounting adjustments in the operation.
- Students will be able to forecast business production needs.
- Students will be able to explain financial statements for a hospitalilty operation.
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