HFT 2401 Hospitality Financial Accounting Section 061

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Presentation transcript:

HFT 2401 Hospitality Financial Accounting Section 061 Spring 2016 Course Overview

Course Description Hospitality Industry Financial Accounting will provide the basic knowledge of financial accounting systems in a hospitality environment

Course Objectives A basic understanding of accounting principles An understanding of the development of financial accounting systems An understanding of the preparation of accounting transactions, adjusting entries, the balance sheet, the income statement, and accounting ledgers

Course Objectives An understanding of the various forms of business organizations and basic accounting for each Understanding the concepts of cash accounting, receivables and payables accounting, inventory accounting, FF&E accounting and payroll accounting

Topics to be Covered Part I Introduction to Accounting Accounting for Business Transactions Accounting Principles Accounting Adjustments Completing the Accounting Cycle Subsidiary Ledgers and Special Journals

Topics to be Covered Part II The Income Statement The Balance Sheet Financial Statement Analysis and Interpretation

Topics to be Covered Part III Cash and Internal Controls Receivables and Payables Inventories & Cost Calculations Current Liabilities and Payroll Property Plant and Other Assets (Depreciation)

Topics to be Covered Part IV Statement of Cash Flows Bonds and Leases

Grading Criteria Exam 1 15.0% Exam 2 15.0% Exam 3 15.0% Final Exam 15.0% Quizzes 15.0% Attendance 15.0% Homework 10.0%

Grading Criteria A 94.0% - 100% A- 90.0% - 93.9% B+ 87.0% - 89.9% D 60.0% to 66.9% F Less than or equal to 59.9% Grades will be given out in person only.

Expectations Completion of homework assignments on time Participation Attendance will be taken for each class (Before and after break) Bring a calculator. No cell phones. Assignment schedule “subject to change” Website: www.dfmckim.com For copies of power points, worksheets, etc.

Important Dates 1/11 First day of class 2/15 Exam 1 (See Note) 3/7-3/11 Spring Break 3/14 Exam 2 (See Note) 4/11 Exam 3 (See Note) 4/27 Study Day – No Class 5/2 Final Exam 7:00 to 9:50 pm Note: Except for the first day of class, last day of class, final exam and holidays, dates may be subject to change

Important Policies Attendance Counts – You must be present to win Financial Aid Make up Policy for Quizzes & Exams Quizzes – No make up. Lowest quiz grade dropped Exams – No make up. The grade for a missed exam will be 50% of the final exam grade.

Questions??