EG708-7-AU-CO:
Finance and Management Accounting
2024/25
Edge Hotel School
Colchester Campus
Autumn
Postgraduate: Level 7
Future
Thursday 03 October 2024
Friday 13 December 2024
20
14 June 2024
Requisites for this module
(none)
(none)
(none)
(none)
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MSC N286JS International Hospitality Management
This module introduces you to the regulatory frameworks for corporate bodies and the key financial documents into context (such as profit and loss, cash flow and balance sheets). Financial ratios and comparative measures are described and analysed in the context of micro-economics both internally and industry wide.
The aims of this module are:
- To provide you with a broad knowledge of financial accounting and how managerial accounting reports are used to identify weak areas for the business.
- To learn techniques to calculate and improve key performance indicators as well the knowledge to build a profit and loss statement, cash flow and balance sheet.
By the end of this module, students will be expected to be able to:
- Interpret key financial documents used by hospitality, tourism and event businesses and construct these from given data.
- Critically evaluate financial statements and apply KPIs to measure overall and departmental performance.
- Understand the micro-economic theory of the firm and how this can be applied to analyse and improve business performance.
- Apply concepts to actual live data and report on performance.
Indicative Content
- Interpret key financial documents used by hospitality, tourism and event businesses and construct these from given data.
- Profit and loss, cash flow and balance sheets
- Delivery notes, invoices and accounting systems
- Industry and sector benchmarks and KPIs
- Critically evaluate financial statements and apply KPIs to measure overall and departmental performance.
- Departmental KPIs and their measurement
- Budgetary allocations across organisations and by department
- Application of KPI measurements to improve business performance
- Understand the micro-economic theory of the firm and how this can be applied to analyse business performance.
- Supply and demand theory, marginal revenue and costing
- Legislation and its impact
- Business growth and investment
- Apply concepts to actual live data and report on performance.
- Wivenhoe House data analysis and performance measurement
- Intervention planning and cost control
- Pricing and profitability measurement
Lectures, seminars and workshops will form the main methods for the delivery of this module and you will be expected to access and prepare for such sessions using the EHS online virtual learning environment and resources. Where relevant, both operational and management information derived from the Wivenhoe House will be used in academic sessions.
This module will be delivered via:
- One 2-hour lecture per week
- One 1-hour seminar per week
Students are expected to undertake the reading before classes and be prepared to engage in discussion.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
No
No
No
No external examiner information available for this module.
Available via Moodle
No lecture recording information available for this module.
Edge Hotel School
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