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Front Page > Archived Education > Hotel and Restaurant Business (R-HB) > 2006 > Year 2 > Profitability Calculations (RBA0601)

Profitability Calculations

Structure Type: Study unit
Code: RBA0601
Type: Compulsory / Basic Studies
Curriculum: R-HB 2006
Level: Bachelor of Hospitality Management
Year of Study: 2 (2007-2008)
Credits: 3 cr
Responsible Teacher: Martin, Elina
Language of Instruction: English

Courses During the Academic Year 2007-2008

Impl.Study TimeTeacher(s)LanguageEnrolment
22007-08-27 – 2007-12-21Mikko PeltolaEnglish2007-08-17 – 2007-09-07

Learning Outcomes

The student is able to draw up internal profit calculations of departments or products. He is able to use cost-volume-profit analysis and basic pricing methods including value added taxation and analyse the operating profitability and efficiency of a company.

Contents

Getting familiar with management accounting, cost definitions, cost behaviour and estimation, contribution margin calculations, break-even point analysis, cost-volume-profit relationship, pricing of goods and services, value added tax, operating ratios concerning profitability and efficiency.

Recommended or Required Reading and Other Learning Resources/Tools

- Kotas, R. 1999 Management Accounting for Hospitality and Tourism. International Thomson.
- Burgess, C. 2001. The caterer and hotelkeeper guide to money matters for hospitality managers. Oxford. Butterworth-Heinemann (partly).

Mode of Delivery / Planned Learning Activities and Teaching Methods

Lectures, exercises, independent study and assignment.

Assessment Criteria

1 The student understands the basics of profitability calculations
3 The student understands the basics of profitability calculations well and can apply this knowledge in different ways
5 The student understands the basics of profitability calculations very well and can apply this knowledge very well in practical situations

Assessment Methods

Examination, active course participation, written assignment. Assessment on numeric scale 0-5.


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