HAMG3301 — Hospitality Financial Management
CIP Code: 52.0901 This course explores methods and application of Financial management within the hospitality industry. Emphasis on sales accountability, internal control and report analysis. Use/design of Excel spreadsheets as a reporting tool. Determining factors generating Financial results. Students will describe the function of an income statement/P&L as they pertain to the hospitality industry; define food and labor costs and their impact on their role in hospitality financial management; create a spreadsheet to cost a recipe; and, analyze a 3-month period of local events and how they may impact your business profitability. Faculty Consent: N