| Course Type | Elective Course |
|---|
| Course Level | Master's Degree With Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Explain the role and importance of financial management in the hospitality industry.
- Analyze the time value of money and the evaluation processes of long-term securities.
- Define the concepts of risk and return and assess their impact on financial decisions.
- Plan working capital management and capital investment processes.
- Examine capital structure, cost, and dividend policies from a financial management perspective.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | none |
|---|
| Course Description | This course covers topics such as introducing the importance of tourism and hospitality financing, cash management and its importance, investment decisions and capital expenditures related to tourism and hospitality projects, the application of cash control in different phases of operations, financial ratio analysis and working capital management. The aim of this course is to provide the student with an understanding of the planned outcome, mainly financial decision making, and to be able to interpret the impact of financial decisions on value creation. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Financial Management in the Hospitality Industry |
|
2nd Week |
Time Value of Money |
|
3rd Week |
Evaluation of Long Term Securities |
|
4th Week |
Evaluation of Long Term Securities |
|
5th Week |
Risk and Return |
|
6th Week |
Risk and Return |
|
7th Week |
Financial Analysis and Planning Tools |
|
8th Week |
Midterm exam |
|
9th Week |
Working Capital Management |
|
10th Week |
Working Capital Management |
|
11th Week |
Investment in Capital Assets |
|
12th Week |
Investment in Capital Assets |
|
13th Week |
Cost of Capital, Capital Structure and Dividend Policy |
|
14th Week |
Overview |
|
| Recommended or Required Reading | Hospitality Financial Management: Agnes DeFranco and Thomas Lattin, John Wiley and Sons, New Jersey, USA
Guilding, C. (2007). Financial management for hospitality decision makers. Routledge.
Harris, P. J., & Mongiello, M. (Eds.). (2006). Accounting and financial management: Developments in the international hospitality industry. Routledge.
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Questions/Answers
- Project
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
20 |
| Project |
1 |
30 |
| Total(%) |
|
50 |
| Contribution of In-term Studies to Overall Grade(%) |
|
50 |
| Contribution of Final Examination to Overall Grade(%) |
|
50 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
5 |
5 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
|
|
|
| Preparation for Final exam |
1 |
10 |
10 |
| Course hours |
14 |
8 |
112 |
| Preparation for Midterm exam |
1 |
7 |
7 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
10 |
10 |
| Homework |
2 |
5 |
10 |
| Total Work Load | 154 |
| Total Work Load / 30 (h) | 5.13 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
