RHM 1310 - Financial and Budget Management in the Resort & Hospitality Industry

3 cr

The student will be introduced to the key financial reports and systems within a hospitality and/or resort setting. This course approaches financial decision making from the view of a base lodge or general manager. Thus, emphasis is placed on the financial reporting system available to middle management and the decisions available to those managers. The concepts of CVP, yield management, budget preparation, forecasting, internal control, and operational leverage are covered in addition to the traditional financial statement interpretation. This course uses "real life" examples and project assignments from Killington resort and/or hospitality operations.
Prerequisite: RHM 1130
Spring trimester