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Level 5 Diploma in Tourism and Hospitality Management

Comparative Historical Performance Evaluation

THM503 · Management Accounting — Week 9 of 16

CourseTHM503
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Comparative Historical Performance Evaluation

  1. Trend and horizontal financial analysis
  2. Longitudinal evaluation of financial performance
  3. Benchmarking against industry standards
  4. Limitations of historical financial statement analysis
  5. Horizontal Analysis | Financial Statement Analysis
  6. The Tools of Financial Statement Analysis
  7. The use of benchmarking in developing strategy

What you will be able to do

  • 3.2 Compare organisational performance using historical financial data.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: compare organisational performance using historical financial data.

Study materials

Videos

  • Horizontal Analysis | Financial Statement Analysis · YouTube · Edspira · 6 min · for registered students
  • The Tools of Financial Statement Analysis · YouTube · Edspira · 11 min · for registered students
  • The use of benchmarking in developing strategy · YouTube · Galton College · 8 min · for registered students

Further resources

  • Introduction to Financial Accounting, Lyryx 2023-A, ch. 12: Financial Statement Analysis · PDF · Other, textbook chapter; pp. 489–532 · for registered students
  • Managerial Accounting, ch. 13: How Do Managers Use Financial and Nonfinancial Performance Measures? · PDF · Saylor Academy, textbook chapter; pp. 883–972 · for registered students
  • Intermediate Financial Accounting Vol. 2, Lyryx 2021-A, ch. 22: Putting It All Together: Disclosures and Analysis Overview · PDF · Other, textbook chapter; pp. 405–442 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
MidtermWeek 10
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: The Role and Context of Finance and Accounting
  • Week 2: Accounting for Strategic Decision Making
  • Week 3: Nature and Structure of Financial Statements
  • Week 4: Year-End Accounting Adjustments
  • Week 5: Financial Statements for Sole Traders
  • Week 6: Financial Statements for Partnerships
  • Week 7: Financial Ratio Analysis
  • Midterm: Midterm evaluation
  • Week 9: Comparative Historical Performance Evaluation
  • Week 10: Sources of Business Finance
  • Week 11: Budgetary Control, Revenue Management, and Cash Budgeting
  • Week 12: Applying Management Accounting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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