Introduction to Financial Management in TourismLaajuus (5 cr)

Objective

Having completed this study unit
· You know the significance of financial management in tourism and hospitality.
· You know the basic concepts of financial management and the legislation related to it.
· You know the basic financial statement analysis.
· You know the basic concept of cost-volume profit analysis and pricing for a small business.
· You are able to utilize Excel in a basic financial statement analysis.
· You know the significance of personal financial sustainability.

Competences:

Content

Content:
· financial management as a concept in hospitality and tourism
· basic concepts of financial management and legislation
· basic financial statement analysis
· CVP and pricing for small businesses
· Excel as a tool in Financial Management
· personal financial sustainability

Assessment criteria, satisfactory (1)

Satisfactory (2)

Poor (1)

Assessment criteria, good (3)

Very good (4)
Good (3)

Assessment criteria, excellent (5)

Excellent (5)