Financial accounting for hotel and tourism (BHO201)

Financial Accounting for the hospitality industry is an introduction course for bachelor students. The main aim for the course is to teach students to read and understand annual reports from companies in the hospitality industry.


Course description for study year 2024-2025. Please note that changes may occur.

Facts

Course code

BHO201

Version

1

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

English, Norwegian

Offered by
Time table

View course schedule

Content

Financial accounting for the hospitality sector is an introductory-level course in financial accounting.

Learning outcome

After completing the coursestudents are expected to have

Knowledge:

  • Have knowledge of basic accounting
  • Have knowledge of key legislation regarding accounting
  • Have knowledge of the deferred tax model
  • Have knowledge about cash flow analysis
  • Have knowledge of analysis of accounting

Skills:

  • Have skills in posting financial transactions
  • Have skills in accrual accounting methods
  • Have skills in preparing cash flow analysis models
  • Have skills in calculating various ratios for the analysisof financial statements

General knowledge:

  • After completing the coursethe student should possess basicknowledge of financial statements for the hotel and hospitality industry.
  • Be able to critically analyse the financial statements based on various tools and techniques, and discuss the financial reports which are particularly important in large chains with the centralised financial function
  • Use of Excel in connection with accounting reporting and cash flow analysis

Required prerequisite knowledge

None

Exam

Written exams

Form of assessment Weight Duration Marks Aid
Written exam 3/10 3 Hours Letter grades - 1), Approved calculator,
Written exam 7/10 4 Hours Letter grades - 2), Approved calculator,

1) Notes on your own PC: Max. 3 Excel templates (your own pre-filled), and your own notes in a Word file that only contains text and or tables, not images or clippings.
2) Notes on you own PC*

Handwritten notes or books are not approved aids.

Course teacher(s)

Course coordinator:

Jinghua Xie

Course coordinator:

Trude Furunes

Method of work

Lectures and Group work

Overlapping courses

Course Reduction (SP)
Financial accounting for hotel and tourism (BHO280_2) 10

Open for

Hotel Management - Bachelor's Degree Programme Tourism Management - Bachelor's Degree Programme

Course assessment

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Literature

The syllabus can be found in Leganto