Program Overview

Hospitality Finance and Accounting Management Certificate

Program Type

Certificate

Format

On Campus

Estimated Time to Complete

12 Credit Hours

Program Description

Elevate your career in the global hospitality industry with our Hospitality Finance & Accounting Management certificate, designed to equip professionals with advanced financial acumen and strategic accounting skills. Master the essentials needed to drive profitability and ensure business growth in today's dynamic hospitality landscape.

Requirements

• Hospitality Accounting I - Financial (3 hrs)
  • Application of financial accounting principles to the hospitality industry: uniform system of accounts for restaurants, hotels, and clubs; completion of the accounting cycle for hospitality operations; transactions related to payroll, inventories, receivables, and payables for the hospitality industry.
• Hospitality Accounting II - Managerial (3 hrs)
  • Comprehensive application of accounting principles to the hospitality industry. Managerial accounting approach to accounting practices, financial statements and operating activities. Problem-solving methods applied to managerial decisions for the hospitality industry.
• Hospitality Cost Controls (3 hrs)
  • Study of the food, beverage and labor cost control systems used in the hospitality industry. Emphasis is on the use of control systems for managerial planning, analysis and evaluation. Includes the concept and terminology of costs; departmental income and expense statements; budgets; purchasing, receiving and inventory systems.
• Hospitality Industry Finance (3 hrs)
  • Comprehensive application of financial management for the hospitality industry. Managerial finance approach to ratio analysis, risk and value, timing and value of cash flows, project valuation, capital expenditures, financial markets and income taxes. Problem-solving methods applied to managerial decisions for the hospitality industry.
• Hospitality Revenue Management (3 hrs)
  • Comprehensive analysis of theories and strategies of revenue management that directly affect operations in the hospitality industry, such as strategic pricing, demand forecasting, data analysis, inventory management and distribution channel management. Application of revenue management techniques using data analysis and programs to maximize the hospitality firm’s profitability.

Related Programs

• Food and Beverage Management Certificate
• Hospitality Management Certificate
• Event Management Certificate

College

College of Merchandising, Hospitality and Tourism

Location

Chilton Hall 331, 410 S. Avenue C, Denton, Texas