HADM 7240 - Managerial Accounting

Spring. 3 credits. Letter grades only (no audit).

Enrollment limited to: MMH and EMMH students or permission of instructor. Satisfies MMH and EMMH core.

M. MacAusland, D.Szpiro.

This course moves on from traditional GAAP to using accounting standards for hospitality. The Uniform System of Accounts for the Lodging Industry (USALI) is the standard for hotel accounting practices. USALI is not taught in many schools as it is specific to hotels/lodging industry. This course allows for significant benchmarking between hotels/lodging units to understand how your hotel is performing against competition. All cases and examples are from the lodging industry. Students in this course will not perform the role of accountants; they will use sample data routinely provided by accountants to hotel owners, operators, and general managers so that they can practice making sound business decisions based on the information in the financial documents.

Outcome 1: Students will critically evaluate a hospitality management problem and formulate a solution based on principles from a least two management disciplines.

Outcome 2: Students will analyze a management situation within a global hospitality context and defend a course of action.

Outcome 3: Students will create professional-quality written business documents.

Outcome 4: Students will recognized and distinguish the ethical dimensions of a business decision.

Outcome 5: Students will evaluate the ethical consequences of their business decisions on various stakeholders.