General Information 

Professor Information

Instructor Profile Picture


Steven V. Moll, Associate Professor and Vice Provost Emeritus


HM 352



(305) 919-4502

Office Hours

Monday/Tuesday/Wednesday - 10:00 to 11:00 am and by Appointment


Course Description and Purpose

This course is an introduction to the principles of accounting as they apply to the hospitality industry.  Accounting is the language of the business world.  In order to successfully understand the hospitality business, you will need to learn this language.  This course addresses the introductory concepts used by managers.  In this course, you will learn to apply the basic accounting principles to real world problems within the hospitality industry.

This course is required for students who have not satisfactorily completed an introductory level college/university accounting course. Co-requisite: None.

Course Objectives

Upon completing this course, students will be able to:

  1. CLO1: Apply the basic assumptions and principles (GAAP) underlying hospitality financial statements.
  2. CLO2: Explain the steps of the accounting cycle for a hospitality business including journalizing, posting, preparation of worksheets, financial statements, adjusting and closing entries.
  3. CLO3: Describe the components and purpose of the financial statements as related to hospitality operations.
  4. CLO4: Prepare a classified balance sheet for a hospitality company.
  5. CLO5: Define internal controls and describe the components of internal controls.

Learning Outcomes

Students will be able to:

  • Explain advantages and disadvantages of different forms of legal organization used in the hospitality and tourism industries;
  • Explain the steps of the accounting cycle for a hospitality business including journalizing, posting, preparation of worksheets, financial statements, adjusting and closing entries;
  • Apply the basic assumptions and principles (GAAP) underlying hospitality financial statements;
  • Describe the components and purpose of the financial statements in hospitality industry;
  • Prepare financial statements for a hospitality firm;
  • Compare methods of recording and valuing inventories for a hospitality firm;
  • Define internal controls and describe the components of internal controls for a hospitality firm;
  • Demonstrate the use of bank reconciliations and petty cash;
  • Apply different methods of recording bad debt expense;
  • Compute depreciation using different methods;
  • Describe how debt and equity securities are accounted for and how are they reported according to GAAP;
  • Describe the components of the P & L statement based on the most recent version of the Uniform System of Accounts for the Lodging Industry (USALI).
  • Calculate and account for Long-Term Liabilities
  • Differentiate the difference between the various types of Owners' Equity. 

Important Information


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.

Please be advised that classes may be audio and visually recorded and/or subject to course capture for future access by students in this course. Your attendance/ participation in this course constitutes consent to such recordings, which will only be used for educational purposes by students in the course and securely stored in University systems. If there is a concern regarding the recording and use of such recording, please contact

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:


  • 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


  • 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.

Course Prerequisites

There are no prerequisites for this course.

Textbook and Course Materials

 Horngren's Financial & Managerial Accounting, 7/E (Required)
title : 

 Horngren's Financial & Managerial Accounting, 7/E (Required)

authors : 

Tracie L. Miller-Nobles and Brenda L. Mattison 

publisher : 

Pearson Higher Education

isbn 13 : 


Panther Book Pack

As of Fall 2021, FIU has implemented the Panther Book Pack. This is an affordable course materials subscription rental program providing you with the print and digital course materials required by the instructor at a flat rate of $20 per credit hour. When you registered for this course you were notified via email of the materials included in the Panther Book Pack for all your classes. I recommend that you review the pricing for all materials per semester for the greatest savings. You have the option to opt out of this subscription for the semester until the cancellation of enrollment date for the term. Once you opt out, the flat rate subscription amount will be credited to your student account. For more details, visit

Expectations of This Course

This is a face-to-face class. While we meet live every week, you will be working heavily with Canvas and MyLab which are online platforms. You will need to read the book chapter every week and attend all classes. This course requires a large amount of self-motivation and self-discipline.

Students are expected to:

•    review the getting started page located in the course modules;

•    take the practice quiz to ensure that your computer is compatible with the learning management system, Canvas;

•    review and follow the course calendar and weekly outlines;

•    respond to emails within 2 days;

•    submit assignments by the corresponding deadline.

The instructor will:

•    respond to emails within 24 hours;

•    grade assignments immediately.

Course Detail

Course Communication

You are welcome to email me directly at  You are expected to write in a professional manner, meaning there should be a salutation, body and signature.  Since I teach multiple section a a variety of classes, please identify the course and section you in which you are registered.  I will do my best to respond to you within 24 hours.


It is your responsibility to make sure your computer meets the minimum hardware requirements.

Homework Expectations:

  • There will be 13 homework assignments during the semester at 10 points each.
  • Homework assignments will be available the duration of the weekly module.
  • The homework has unlimited attempts. The homework has no time limit will consist of up to 10 questions from the chapter or material covered.
  • The due date/time for each homework will be Sunday night of the week due at 11:59pm EST. 
  • No incompletes will be graded.


In order to mitigate any issues with your computer and online quizzes, it is very important that you take the "Practice Quiz" from each computer you will be using to take your graded quizzes and exams. It is your responsibility to make sure your computer meets the minimum hardware requirements.

Quiz Expectations:

  • There will be 13 quizzes during the semester at 10 points each.
  • Quizzes will be available the duration of the weekly module.
  • The quizzes will have a duration of 60 minutes each and will include up to 10 questions.
  • Since the quizzes are online, they are open-book and open-note quizzes. You have one attempt to complete each quiz.
  • The due date/time for each quiz will be Sunday night of the week due at 11:59pm EST. 
  • No incompletes quizzes will be graded.


You need to attend the class lectures in order to master the material for our class. The lectures and the textbook should provide you with a good basis to complete the quizzes, assignments, and exams. The instructor will take attendance during all class meetings. Students who do not attend class will not receive a grade for attending that class. In case of an emergency, family circumstances, etc., please contact me by email to excuse an absence within 24 hours before or after the class. According to FIU, students who excuse an absence for COVID-19 must provide a failed P3 app in order for professors to consider it an excused absence.

Exams (Online)

  • The 3-hour Midterm Exam will cover Chapters 1 through 7. There will be 50 questions at 2 points each.
  • The 3-hour Final Exam will cover chapters 8 through 13. There will be 50 questions at 2 points each.


Course RequirementsNumber of ItemsPoints for EachTotal Points AvailableWeight
Mid-term Exam110010020%
Final Exam110010020%


Grading Schema

Name From To
< 95%
< 90%
< 87%
< 83%
< 80%
< 77%
< 70%
< 60%

Course Calendar


Course Calendar

Some text above the table
August 24, 2022Chapter 1 - Accounting and the Business EnvironmentHomework 1 and Quiz 1
August 31, 2022Chapter 2 - Recording Business TransactionsHomework 2 and Quiz 2
September 7, 2022Chapter 3 - The Adjusting ProcessHomework 3 and Quiz 3
September 14, 2022Chapter 4 - Completing the Accounting CycleHomework 4 and Quiz 4
September 21, 2022Chapter 5 - Accounting for Merchandising OperationsHomework 5 and Quiz 5
September 28, 2022Chapter 6 - Merchandising InventoryHomework 6 and Quiz 6
October 5, 2022Mid-Term Examination
October 12, 2022Chapter 7 - Internal Control and CashHomework 7 and Quiz 7
October 19, 2022Chapter 8 - ReceivablesHomework 8 and Quiz 8
October 26, 2022Chapter 9 - Plant Assets, Natural Resources and Intangible AssetsHomework 9 and Quiz 9
November 2, 2022InvestmentsHomework 10 and Quiz 10
November 9, 2022Current Liabilities and PayrollHomework 11 and Quiz 11
November 16, 2022Long-Term LiabilitiesHomework 12 and Quiz 12
November 23, 2022Owners' EquityHomework 13 and Quiz 13
November 30, 2022Uniform System of Accounts for the Lodging Industry
December 7, 2022Final Examination