Financial Analysis in the Hospitality Industry: HFT 4464 (ONLINE) Syllabus

Professor Information

Instructor Profile Picture

Instructor

Eric Beckman

Office

HM366

E-mail

ebeckman@fiu.edu

phone

(305) 919-4090

Office Hours

Tuesday 5:00pm-6:30pm and by appointment

Turn Around Time

Within 24 hours

Course Format

ONLINE

Course Description and Purpose

A study of financial management and its application in the Hospitality Industry. Topics include capital investment analysis, mergers and current financial issues.

Course Objectives and Learning Outcomes

Students will be able to:

  • CO1 - Use financial and managerial reports to judge managerial performance
  • CO2 - Understand time value of money concepts and how these are used in investment analysis
  • CO3 - Develop decision making models for analyzing investment projects.
  • CO4 - Learn how to finance the firm.
  • CO5 - Develop appropriate growth strategies for the firm.
  • CO6 - Understand general valuation methods for publicly traded and privately held firms.
  • CO7 - Read, understand and create financial statements given line items
  • CO8 - Understand and create a budget and a forecast given prior historical data
  • CO9 - Understand the nature of finance and the organizational structure of hospitality related businesses (and how this structure is related to finance)

Course learning outcomes:

Upon completion of this course, you should be able to:

  • CLOC1 - Assess the past financial performance by analyzing financial and managerial t statements. 
  • CLOC2 - Transform accounting data into financial ratios.
  • CLOC3 - Describe different methods of debt and equity financing.
  • CLOC4 - Compute present values and future values of single payments and annuities

Important Information

Policies

Please review the FIU's Policies webpage. The policies webpage contains essential information regarding guidelines relevant to all courses at FIU, as well as additional information about acceptable netiquette for online courses. For additional information, please visit FIU's Policy and Procedure Library.

 As a member of the FIU community you are expected to be knowledgeable about the behavioral expectations set forth in the FIU Student Conduct and Honor Code.

Technical Requirements and Skills

One of the greatest barriers to taking an online course is a lack of basic computer literacy. By computer literacy, we mean being able to manage and organize computer files efficiently and learning to use your computer's operating system and software quickly and easily. Keep in mind that this is not a computer literacy course, but students enrolled in online courses are expected to have moderate proficiency using a computer. Please go to the What's Required webpage to find out more information on this subject.

Privacy Policy Statements for Partners and Vendors

Please visit our Technical Requirements webpage for additional information.

Accessibility and Accommodation

The Disability Resource Center collaborates with students, faculty, staff, and community members to create diverse learning environments that are usable, equitable, inclusive, and sustainable. The DRC provides FIU students with disabilities the necessary support to successfully complete their education and participate in activities available to all students. If you have a diagnosed disability and plan to utilize academic accommodations, please contact the Center at 305-348-3532 or visit them at the Graham Center GC 190.

For additional assistance please contact FIU's Disability Resource Center.

Web Accessibility Statements for Partners and Vendors 

Please visit our ADA Compliance webpage for additional information about accessibility involving the tools used in this course.

Academic Misconduct Statement

Florida International University is a community dedicated to generating and imparting knowledge through excellent teaching and research, the rigorous and respectful exchange of ideas, and community service. All students should respect the right of others to have an equitable opportunity to learn and honestly demonstrate the quality of their learning. Therefore, all students are expected to adhere to a standard of academic conduct, which demonstrates respect for themselves, their fellow students, and the educational mission of the University. All students are deemed by the University to understand that if they are found responsible for academic misconduct, they will be subject to the Academic Misconduct procedures and sanctions, as outlined in the Student Conduct and Honor Code. Academic Misconduct includes:

Cheating

  • The unauthorized use of any materials, information, study aids or assistance from another person on any academic assignment or exercise, unless explicitly authorized by the course Instructor; 
  • Assisting another student in the unauthorized use of any materials, information, study aids, unless explicitly authorized by the Instructor; and 
  • Having a substitute complete any academic assignment or completing an academic assignment for someone else, either paid or unpaid; and

Plagiarism

  • The deliberate use and appropriation of another are work without any indication of the source and the representation of such work as the Student's own.
  • Assisting another student in the deliberate use and appropriation of another’s work without any indication of the source and the representation of such work as the student’s own. 

Learn more about the academic integrity policies and procedures as well as student resources that can help you prepare for a successful semester.

Panthers Care & Counseling and Psychological Services (CAPS)

If you are looking for help for yourself or a fellow classmate, Panthers Care encourages you to express any concerns you may come across as it relates to any personal behavior concerns or worries you have, for the classmate’s well-being or yours; you are encouraged to share your concerns with FIU’s Panthers Care website.

Counseling and Psychological Services (CAPS) offers free and confidential help for anxiety, depression, stress, and other concerns that life brings. Professional counselors are available for same-day appointments. Don’t wait to call (305) 348-2277 to set up a time to talk or visit the online self-help portal.

Inclusivity Statement

This course will serve to embrace the diversity and inclusivity found within Florida International University. We appreciate and respect diversity, equality, equity, cooperativeness, community, and sustainability within our online courses. We are committed to the ongoing education of our students and their participation within the course regardless of gender, ethnicity, age, sexual orientation, geographical location, religion, and disability. We strive in encouraging collaboration by preparing our students to value the differences in others. At the core of our intentions is the encouragement of acceptance and appreciation of differences within our student population and community.

Textbook and Course Materials

(Optional) Accounting and Financial Analysis in the Hospitality Industry
title : 

(Optional) Accounting and Financial Analysis in the Hospitality Industry

authors : 
Jonathan A. Hales
publisher : 
Prentice Hall, Dec-2010
publish date : 
Dec-2010
isbn 10 : 
0132458667
isbn 13 : 
9780132458665
notes : 
Notes
additional notes : 

This text is OPTIONAL, not a requirement

ACCOUNTING AND FINANCIAL ANALYSIS IN THE HOSPITALITY INDUSTRY, 1/e explains how to use numbers and fundamental accounting to operate a successful hospitality department or business. Focusing on the basics, sections progress from accounting and financial analysis to financial statements and management reports to budgeting and forecasting. Throughout the book current hospitality examples, photographs and illustrations are used. This edition includes the latest from the Uniform System of Accounts for the Lodging Industry, Tenth Revised Edition, expanded material on Department Profit and Loss Statements, coverage of the 2009 recession and new practice exercises throughout. For courses in Hospitality Managerial Accounting.

Expectations of This Course

This is an online course, which means most (if not all) of the course work will be conducted online. Expectations for performance in an online course are the same for a traditional course. In fact, online courses require a degree of self-motivation, self-discipline, and technology skills which can make these courses more demanding for some students.

Students are expected to:

  • review the getting started page located in the course modules;
  • introduce yourself to the class during the first week by posting a self-introduction in the appropriate discussion;
  • Review the how to get started information located in the course content
  • Interact online with instructor/s and peers
  • Review and follow the course calendar
  • Log in to the course 3 or more times per week (every other day)
  • Respond to discussion boards every week. 
  • Respond to emails/messages within 2 days 
  • Submit assignments by the corresponding deadline

The instructor will:

  • Log in to the course 5 times per week
  • Respond to discussion boards within 2 days of due date
  • Respond to emails/messages within 48 hours
  • Grade assignments within 3 days of the assignment deadline

Course Detail

Course Communication

Communication in this course will take place via the Canvas Inbox. Check out the Canvas Conversations Tutorial or Canvas Guide to learn how to communicate with your instructor and peers using Announcements, Discussions, and the Inbox. I will respond to all correspondences within 24 hours.

Discussion Forums

Keep in mind that your discussion forum postings will likely be seen by other members of the course. Care should be taken when determining what to post.

Discussion Forum Expectations:

  • Provide clear guidance on the expectations and requirements
  • Available dates (unlimited or for an specific time)
  • Criteria for evaluating the originality and quality of students' comments and grade credit expected
    (Rubric is highly encouraged)
  • The expected turn-around time for feedback or grades.

Assessments

Quizzes

For the different modules of the finance material you will receive quizzes for homework. These may be in the form of fill-in-the-blank, true/false, or multiple-choice.  

Final Exam

Your final Exam will be on modules 1-13.

Weekly assignments

You will be assigned projects/work associated with each module throughout the term.

Participation

If you are attentive, ask questions, are respectful to others when they are speaking and participate in class you should receive full marks for participation.

Grading

Exact details and specifics regarding exam dates and procedures will be provided during the semester by the professor. Content for the exams may be taken from: live classroom lectures, assigned Modules in the textbook, assigned articles, class handouts, or website links deemed important.  However, the material is primarily based on the textbook, lectures, and supplemental materials provided on Canvas.  

Course Requirements
Number of Items
Points for Each
Total Points Available
Weight
Quizzes
107-1410134%
Exams
110010033%
Participation
1552%
Weekly Assignments
95-159431%
Total

N/A300100%

Grading Schema

Name From To
A
100%
95%
A-
< 95%
90%
B+
< 90%
87%
B
< 87%
83%
B-
< 83%
80%
C+
< 80%
77%
C
< 77%
70%
D
< 70%
60%
F
< 60%
0%

Course Calendar

WEEKLY SCHEDULE

THE INSTRUCTOR RESERVES THE RIGHT TO REVISE, ALTER AND/OR AMEND THIS SYLLABUS, AS NECESSARY.  STUDENTS WILL BE NOTIFIED VIA CANVAS AND IN CLASS OF ANY SUCH REVISIONS, ALTERATIONS AND/OR AMENDMENTS.

DateTopicsHomework
Week of January 10

•    Getting Acquainted, Course Introduction

•    Module 1 – The Role of Managerial Finance

Due Sun, January 16th at 11:59pm

1.    Introduce yourself w/ Discussion Board post

2.    View module 1 Lecture Slides/video

3.    Module 1 Quiz

Week of January 17Module 2 –Foundations of financial analysis

Due Sun, January 23 at 11:59pm

1.    View module 2 Lecture Slides/video and reading

2.    Module 2 Quiz

Week of January 24
Module 3 - Finance and Accounting Departments in Hospitality

Due Sun, January 30 at 11:59pm

1.    View module 3 Lecture Slides/video and reading

2.    Module 3 Quiz

3.  Module 3 weekly assignment: Choice Hotels

Week of January 31
Module 4 – Financial Statements

Due Sun, Feb 6 at 11:59pm:

1.    View module 4 Lecture Slides/video

2.    Module 4 Quiz

3.    Module 4 weekly assignment 

Week of Feb 7

•    Module 5: COVID-19 and its financial impact on the hospitality industry

•    Corporate Annual Reports

Due Sun, Feb 13  at 11:59pm:

1.    View module 5 Lecture Slides/video

2.    Module 5 Quiz

3.    Module 5 corporate reports HW

Week of Feb 14Module 6: Hospitality Ratio Analysis

Due Sun, Feb 20 at 11:59pm:

1.    View module 6 Lecture Slides/video

2.    Module 6 Quiz

3.    Module 6 ratios HW

Week of Feb 21
Module 7 – Hotel management reports

Due Sun, Feb 27 at 11:59pm:

1.    View module 7 Lecture Slides/video

2.    Module 7 Quiz

Week of Feb 28Spring Break! 


Week of March 7Module 8: Time value of money

Due Sun, March 13 at 11:59pm:

1.    View module 8 Lecture Slides/video

2.    Module 8 Quiz,

3.    Module 8 time value HW

Week of March 14Module 9: Budgeting

Due Sun, March 20 at 11:59pm:

1.    View module 9 and 10  Lecture Slides/video

2.    Create a budget (HW)

Week of March 21 Module 10: Forecasting

Due Sun, March 27 at 11:59pm:

1.    View module  9 and 10 Lecture Slides/video and reading

2.    Module 9 and 10 Quiz

3.    Create a forecast (HW)

Week of March 28Module 11: Capital Budgeting

Due Sun, April 3 at 11:59pm:

1.    View module 11 Lecture Slides/video

2.    Module 11 Quiz

Week of April 4Module 12: Risk and Return

Due Sun, April 10 at 11:59pm:

1.    View module 12 Lecture Slides/video

2.    Module 12 Quiz

Week of April 11Module 13 – Sustainability and its financial               impact on the hospitality industry

Due Sun, April 17 at 11:59pm:

1.    View module 13 Lecture Slides/video

2.    Module 13 Quiz

Week of April 18
Final exam reviewReview video and materials posted to study for your cumulative final exam. 
Mon, April 25 at 12am until Friday, April 29 at 1159pm
Final Exam – Comprehensive Final on Modules 1 through 13
Can take the final exam during any time ONLINE between those dates/times listed.