Profitability Calculations
| Structure Type: | Study unit |
|---|---|
| Code: | RBA0601 |
| Type: | Compulsory / Basic Studies |
| Curriculum: | R-TRB 2011 |
| Level: | Bachelor of Hospitality Management |
| Year of Study: | 2 (2012-2013) |
| Credits: | 3 cr |
| Responsible Teacher: | Martin, Elina |
| Language of Instruction: | English |
Courses During the Academic Year 2012-2013
| Impl. | Study Time | Teacher(s) | Language | Enrolment |
|---|---|---|---|---|
| 7 | 2012-09-03 – 2012-12-21 | Mikko Peltola | English | 2012-08-13 – 2012-09-07 |
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.