Hospitality Accounting and Finance—Undergraduate Concentration
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About the Hospitality Accounting and Finance Concentration
The accounting and finance concentration offers students core and elective course options to specialize in hospitality accounting and finance and choose the path that matches their career expectations. The concentration is intended for hospitality studies students who desire to have flexibility in their career pathways and want to practice a more financially oriented career in either hospitality or consulting. The concentration focuses on analysis, financing, investing, and development. The concentration in Accounting and Finance requires three courses as specified below.
Perfect if you like: Numbers, Problem-Solving, Reading, Flexibility
Learning Outcomes
Upon the completion of the accounting and finance concentration, students will achieve competencies in:
- develop foundational knowledge in how financial analysis can inform business decision-making.
- develop critical thinking about framing problems in various business contexts in financing and investing methods to make decisions.
- develop expertise in tools that are widely used in business applications.
- develop knowledge to analyze and act in a diversity of business contexts by making thoughtful, principled decisions.
- gain financial perspective on how accounting/finance methods are used to assign value to hotel property development.
Required Courses
HF313: Advanced Hospitality Accounting and Finance—(2 Credit Hours)
Offered: Spring
Prerequisites: SHA HF 100, SHA HF 220, SHA HF 260, and SHA HF 270
The purpose of this course is to introduce the students to the various aspects of a Hotel Real Estate Deal. The target audience is any student who aspires to have a career involving the ownership, development and/or financing of lodging assets.
HF479: Financial Reporting and Analysis—(4 Credit Hours)
Offered: Spring
Prerequisites:
This course will teach students the process of examining a company’s performance in the context of its industry and economic environment in order to arrive at a decision or recommendation. The central focus of financial analysis is financial statement analysis and interpretation of financial disclosures on evaluating the company’s performance to improve risk assessment and decision-making. Students will be able to understand company’s future risk performance by analyzing the financial statements.
QST AC347: Intermediate Accounting 1—(4 Credit Hours)
Offered: Spring & Fall
Prerequisites: QST AC221; QST AC222
Provides foundation for solving financial reporting issues through the study of the conceptual framework of accounting, recognition and measurement of current and non-current assets, revenue recognition, and the development of the income statement and balance sheet.
Additional Required Courses
Pick any two credits of available concentration electives:
HF478: Hospitality Analytics—(4 Credit Hours)
Offered: Spring & Fall
Prerequisites: SHA HF 100
Provides students with fundamental knowledge of business analytics and information visualization combined with extensive opportunities for developing hands-on skills for applying hospitality business analytics to managerial decision-making. Students will learn fundamental mathematical and statistical concepts as well as statistical modeling techniques to solve operational, financial, and marketing issues that hospitality organizations face today.
HF415: Hospitality Asset Management—(2 Credit Hours)
Offered: Fall
Prerequisites: SHA HF 310
Designed to introduce the student to a rapidly growing area of the lodging industry, namely, asset management. There will be a special focus on the benefits to the hotel owner of hiring an asset manager and the role of the asset manager in representing the owner in deliberations about annual operating budgets and capital plans with the hotel management company. In order to effectuate this understanding, the course will also concentrate on hotel investment analysis including market analysis, benchmarking and pro forma preparation, and developing an asset management plan.
HF315: Fundamentals of a Hotel Real Estate Deal—(2 Credit Hours)
Offered: Spring
Prerequisites: SHA HF 210, SHA HF 220, SHA HF 260, and SHA HF 270
The purpose of this course is to introduce the students to the various aspects of a Hotel Real Estate Deal. The target audience is any student who aspires to have a career involving the ownership, development and/or financing of lodging assets.
