Course Code
Academic Year
Accounting systems are the universal language for businesses worldwide. This course covers the complete accounting cycle, from the recording of transactions in journals through to the preparation of common types of financial statements used by hospitality and tourism businesses in Canada. Students develop a management perspective, while learning how to record and summarize transactions into financial statements used by businesses to manage operations. Cost management, financial statement analysis and budgeting for different tourism and hospitality sectors are examined. Other key concepts such as statement of cash flows, cash management and the application of the future value of money are studied using examples from the tourism and hospitality sectors.