Profitability Calculations
| Structure Type: | Study unit |
|---|---|
| Code: | RHA0601 |
| Type: | Compulsory / Professional Studies |
| Curriculum: | R-MR 2012V |
| Level: | Bachelor of Hospitality Management |
| Year of Study: | 2 (2013-2014) |
| Credits: | 3 cr |
| Responsible Teacher: | Lehtimäki, Harri |
| Language of Instruction: | Finnish |
Learning Outcomes
The student is able to draw up contribution and gross margin calculations for different situations, to estimate proftability and efficiency and make pricing calculations for products and services. The students demonstrates economic thinking.
Student's Workload
Lectures, exercises and test 39 h, preparing for the test 10 h, autonomous studies 40 h
Prerequisites / Recommended Optional Courses
No prerequisites
Contents
Getting familiar with management accounting, cost definitions, contribution margin calculations, break-even point analysis, safety margin, standard costing, pricing calculations, value added tax in profitability calculations, pricing of travel packages
Recommended or Required Reading and Other Learning Resources/Tools
Selander, Kai - Valli, Vuokko uusin painos. Hinnoittelu ja kannattavuus matkailu- ja ravitsemisalalla. Helsinki. WSOY Oppimateriaalit Oy.
- Handouts.
Mode of Delivery / Planned Learning Activities and Teaching Methods
Lectures, exercises, independent study.
Assessment Criteria
5 the student can give reasons for solutions made when acting in tasks of an expert. He can recognise development needs in the field.
3 the student can utilize essential conseps in a single assignments and understand the theories on which the assignments are based. He recognised the area of expertise in his/her field.
1 the student recognises and understands the essential theories, principles and methods. He recognises the area of expertise in his/her field.
Assessment Methods
Examination, active course participation. Assessment on numeric scale 0-5. The written test forms the final grade. The final grade rounds 4,25 ->5 etc.