HMD 221 - Hospitality Accounting I

Same as: TCA 221

Credits: 3

Description
Hospitality accounting principles and practices pursuant to the industry’s uniform system of accounts. Will be required to earn an Excel badge and concepts will be applied using Excel.

Student Learning Outcomes

Apply the accounting principles and the double-entry system of accounting.
Analyze business transactions using accrual basis accounting and complete the accounting cycle.
Prepare three major financial statements used in hospitality firms (Balance Sheet, Income Statement, and Statement of Cash Flows).
Explain the significance of financial statements for the success of the hospitality firm.

Prerequisite: MATH 104B or MATH 120 or MATH 120E or above
Corequisite: None

Graded: Letter Grade