1. COURSE DESCRIPTION
This course provides students with an appreciation of management accounting concepts related to the management functions of decision-making, planning and control in the hospitality industry. Students are introduced to the application of management accounting tools for pricing, budgetary control, cost allocation and performance evaluation as well as new developments in management accounting knowledge and techniques and how to assess these through cost-benefit analysis.
2. COURSE CONTENT
|
No. |
Content |
Time Allocation |
||||
|
Hour(s) on the class |
Essays, exercise, Assignments… |
Self-study with teacher’s tutorials |
||||
|
Lecture |
Practice, Seminar… |
Contribution to CLO |
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|
1 |
Chapter 1: Basic Accounting Review |
2 |
4 |
6 |
8 |
1,7,8,9 |
|
2 |
Chapter 2: Understanding Financial Statements |
1 |
2 |
3 |
4 |
2,7,8,9 |
|
3 |
Chapter 3: Analysis and Interpretation of Financial Statements |
1 |
2 |
3 |
4 |
2,7,8,9 |
|
4 |
Chapter 4: Ratio Analysis |
1 |
2 |
3 |
4 |
2,7,8,9 |
|
5 |
Chapter 5: Internal control |
1 |
2 |
3 |
4 |
4,7,8,9 |
|
6 |
Chapter 6: The bottom up approach to Pricing |
1 |
2 |
3 |
4 |
6,7,8,9 |
|
7 |
Chapter 7: Cost management |
1 |
2 |
3 |
4 |
6,7,8,9 |
|
8 |
Midterm exams |
1,2,4,6,7,8,9 |
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|
9 |
Chapter 8: The Cost – Volume – Profit Approach to decisions |
1 |
2 |
3 |
4 |
3,7,8,9 |
|
10 |
Chapter 8: The Cost – Volume – Profit Approach to decisions (con’t) |
1 |
2 |
3 |
4 |
3,7,8,9 |
|
11 |
Chapter 9: Operations Budgeting |
1 |
2 |
3 |
4 |
5,7,8,9 |
|
12 |
Chapter 9: Operations Budgeting (con’t) |
1 |
2 |
3 |
4 |
5,7,8,9 |
|
13 |
Chapter 10: Statement of Cashflows and Working Capital Analysis |
1 |
2 |
3 |
4 |
6,7,8,9 |
|
14 |
Chapter 11: Cash Management |
1 |
2 |
3 |
4 |
6,7,8,9 |
|
15 |
Chapter 12: The Investment Decision |
1 |
2 |
3 |
4 |
6,7,8,9 |
|
Total |
15 |
30 |
45 |
60 |
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3. COURSE ASSESSMENT
– Score ladder: 10
– Type of assessment
|
Form |
Content |
Criteria |
CLO |
Proportion |
|
|
Formative |
Attendance |
|
The number of attendances and participation in lesson |
7,8,9 |
10% |
|
Quiz, midterm test |
Chapter 1 to chapter 7, reading and calculation skill. |
Quick test, 30- 60 minutes |
1,2,4,6,7,8,9 |
30% |
|
|
Summative |
Final test |
Chapter 1 to chapter 12, understand and analyze cases for performance evaluation and decision making. |
MCQ + writing (60 – 75 mins) |
1,2,3,4,5,6,7,8,9 |
60% |
|
|
|
|
Total: |
100% |
|