This week’s topics
Review and coursework completion
- Reviewing the learning outcomes
- Completing and checking coursework against the criteria
- Self-assessment
What you will be able to do
- 1.1 Explain the importance of finance and accounting in the context of a tourism or hospitality organisation.
- 1.2 Explain the regulatory and legal influences on a tourism or hospitality business’s finance and accounting function.
- 1.3 Explain how the finance and accounting function supports a tourism or hospitality business’s decision making.
- 2.1 Differentiate between different financial statements.
- 2.2 Prepare financial statements for a sole trader.
- 2.3 Prepare financial statements for a partnership.
- 2.4 Apply techniques to make adjustments to financial statements.
- 3.1 Calculate financial ratios from a set of business accounts.
- 3.2 Compare organisational performance using historical financial data.
- 4.1 Explain the benefits and limitations of various sources of finance available to a business.
- 4.2 Describe the process of budgetary control and revenue management in a tourism or hospitality business.
- 4.3 Prepare a cash budget.
- 4.4 Appraise a cash budget.
Activity
Guided review of every criterion; coursework completion clinic and peer review.
Study materials
The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
