General Information

Professor Information

Instructor Profile Picture


Steven V. Moll


Canvas Inbox


(305) 919-4502

Office Hours

By Appointment

Course Time Zone | Eastern Standard Time (EST). Course due dates are according to this time zone.

Course Description and Purpose

This course provides advanced study of the Accounting decision-making process involved in the hospitality industry.  Emphasis is placed on budgeting, pricing decisions, cost-volume-profit analysis and capital budgeting.

At the conclusion of this course, students will (a) be familiar with the tools and techniques of management accounting as applied to the hospitality industry, and (b) be able to use critical thinking in analyzing and solving management accounting problems in the hospitality industry as detailed below.

Course Objectives

Upon completion of this course, students will be able to:

  1. Understand and apply the basic concepts and principles of Financial Accounting. [CO1]
  2. Appraise and assess the importance of financial statement analysis and ratios and their use in managerial accounting. [CO2]
  3. Prepare and interpret the Statement of Cash Flows. [CO3]
  4. Identify and outline the main characteristics and concepts of managerial accounting. [CO4]
  5. Formulate and interpret the Cost-Volume-Profit (CVP) method and how it can assist management in evaluating current and future events regarding sales revenue inflows and cost outflows. [CO5]
  6. Identify Management’s decision-making process and be able to perform incremental analysis. [CO6]
  7. Break down the importance of various pricing methods that are used in the hospitality industry and be able to apply current, tactical and long-term pricing decisions. [CO7]
  8. Be able to create operating and financial budgets including cash budgets, sales and purchasing budgets. [CO8]
  9. Compute and interpret operating and cash budget variances and demonstrate how to calculate standard price and cost variances. [CO9]
  10. Contrast the ways in which capital investments differ from operational budgets and compute and interpret different methodologies used to evaluate them. [CO10]
  11. Illustrate the importance of internal controls in corporate governance. [CO11]

Important Information


Please review FIU's Policies and Netiquette 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.

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 (BBC: WUC 139, 305-919-5345).

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 to 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 Handbook.

Academic Misconduct includes: Cheating – The unauthorized use of books, notes, aids, electronic sources; or assistance from another person with respect to examinations, course assignments, field service reports, class recitations; or the unauthorized possession of examination papers or course materials, whether originally authorized or not. Plagiarism – The use and appropriation of another’s work without any indication of the source and the representation of such work as the student’s own. Any student who fails to give credit for ideas, expressions or materials taken from another source, including internet sources, is responsible for plagiarism.

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

Statement of Understanding between Professor and Student

Every student must respect the right of all to have an equitable opportunity to learn and honestly demonstrate the quality of their learning. Therefore, all students must adhere to a standard of academic conduct, demonstrating respect for themselves, their fellow students, and the educational mission of the University. As a student taking this class: 

  • I will not represent someone else's work as my own 
  • I will not cheat, nor will I aid in another's cheating

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.

Course Prerequisites

 HFT 2401 – Accounting for the Hospitality Industry or its equivalent. Review more information about prerequisites in the course catalog.

Textbook and Course Materials

Horngren's Financial & Managerial Accounting
title : 

Horngren's Financial & Managerial Accounting

authors : 
Tracie L. Miller-Nobles, Brenda Mattison, Ella Mae Matsumura
publisher : 

Pearson Higher Education

publish date : 

Jan 2017

isbn 10 : 
isbn 13 : 

The principal source of study for this class will be the textbook.  It may be purchased as an ebook or in a paperback version.  In addition, I have added PowerPoint presentations, videos as well as practice sets in Canvas to prepare you for the type of questions that you will find in the quizzes, homework assignments, project and exams.  Please note that the PowerPoint presentations and videos are not a substitute for reading the textbook assignments.  You must read the materials.

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;
  • Take the practice quiz to ensure that your computer is compatible with the learning management system, Canvas;
  • Interact online with instructor and peers;
  • Review and follow the course calendar and weekly outlines;
  • Log in to the course at least once a week;
  • Respond to emails within one day; 
  • Submit assignments by the corresponding deadline.

The instructor will:

  • Log in to the course every day;
  • Respond to emails within 24 hours
  • Grade assignments within 1 day of the assignment deadline.

Student Responsibility

It is assumed that students have attained a level of maturity that motivates them to take responsibility for achieving the learning objectives of this course by using the learning tools provided. This course is designed to be completed successfully through the use of three learning tools:

  1. Doing the homework assignments on a timely basis
  2. Doing the reading assignments on a timely basis, and
  3. Review all lectures.

Since managers frequently engage in group presentations, as future managers you are expected to gain experience in developing and expressing your ideas before a group of your peers in the class. This being a learning environment, it is the instructor's intent to use class participation to enhance respect for each individual and help develop their self-confidence in a friendly setting. A student who does not use all three of the above tools appropriately and in a timely fashion runs the risk of falling behind and being unable to keep up with the rest of the class. More importantly, the student is wasting an opportunity to improve himself/herself.

If, after doing the reading and homework assignments, a student does not understand a topic that has been explained in class, it is the student's responsibility to contact the instructor via email to seek additional instructional assistance, or to seek such assistance from classmates, or from any other source that is available.

It is impossible to cover all assigned reading materials in class. Therefore, it is of particular importance that a student request further explanation of any assigned material that the student does not understand, and that is not covered in class. Students are responsible, in the relevant classes, and on the relevant examinations, for the corresponding material in the reading and homework assignments regardless of whether it is, or is not, covered in class.

Students must take both the Midterm and the Final exams.  If a student misses an exam, the option of taking a make-up exam will depend upon the individual circumstances discussed in that class. Such steps may include obtaining assistance from classmates and/or requesting assistance from the instructor during office hours, going to tutoring sessions, or from any other available source.

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.

It is essential that you first become familiar with this syllabus and the course organization.  Throughout the course you should check the Canvas website and your email to keep abreast of the course progress or any changes that may occur during the semester.


Zoom is a video conference tool that you can use to interact with your professor and fellow students by sharing screens, chatting, broadcasting live video/audio, and taking part in other interactive online activities. We will be utilizing this tool to conduct virtual office hours.

Zoom Test Meeting Room 
Use this link to access the Zoom Test Meeting Room. This meeting room is available to test out the software before joining an actual session.

Reference the provided links to access Zoom student tutorials to learn about the tool, how to access your meeting room, and share your screen.


Homework Assignments

There will be 7 homework assignments during the semester valued at 10 points each.  The two lowest homework scores will be dropped, therefore, there will be a maximum of 50 possible points for your homework assignments. The homework assignments will be available from the beginning of the semester but you need to check the appropriate due dates in order to submit them on-time and receive credit for them. The assignments are always due on a Sunday before 11:59pm.

We have selected specific required problems in order to best capture the essence of the course materials. In the Canvas website for this course we have provided the solutions to some specific textbook problems. These are practice problems and are not assigned any point values. They are there for additional practice.

The grades for the homework assignments will be available through Pearson MyLab.

Practice Sets

Every module for this course include practice sets of multiple choice questions with their answers. It is recommended that you use these as part of your preparation for the topics contained in the module. Some of the questions are similar to the quizzes and exams and will provide you with excellent learning preparation.


The course project is an individual assignment. It will be assigned through Pearson MyLab. Pearson MyLab will grade your project automatically and your results will be released to you after the deadline has passed.



There will be 12 quizzes. 10 will be in Pearson MyLab and 2 in Canvas.  The two topics in Canvas will be a Pannel Kerr Forster quiz and a Uniform System of Accounts (USALI) quiz.  Each quiz has a total value of five (5) points.  The two quizzes with the lowest points will be dropped, so the quiz section of your grade will be 50 points.  

  • The expiration time for each quiz will be Sunday night of the week it is due before 11:00 pm. 
  • The quizzes will have a duration of 30 minutes each and will consist of 5 multiple choice questions from the chapter and or materials covered.
  • Since the quizzes are online, they are open-book, open-note.  You will have one opportunity to complete each quiz.
  • Quiz grades will be released after the quiz availability window expires in Pearson MyLab.
  • Under no circumstances will make-up quizzes be allowed. That is why two of your lowest quiz scores will be dropped.
  • The quizzes will be available from the beginning of the semester but you will need to check the appropriate due dates in order to submit them on-time and receive credit for them.

Midterm and Final Exams

The Midterm Exam will cover the materials from Modules 1 through 4. The Final Exam will cover the materials from Modules 5 through 9. You will have 3 hours to complete each exam. Each exam must be completed in one sitting.

In order to mitigate any issues with your computer and online assessments, 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.

All assessments will auto-submit when (1) the timer runs out OR (2) the closing date/time is reached, whichever happens first. For example, if a quiz has a closing time of 5:00 pm but the student begins the exam at 4:55 pm, the student will only have 5 minutes to complete the quiz.

Assessments in this course are not compatible with mobile devices and should not be taken through a mobile phone or a tablet. If you need further assistance please contact FIU Online Support Services.


Late Assignment Submission Policy

If a student misses an exam, the option of taking a make-up exam will depend upon the individual circumstances discussed in that class.

Course RequirementsNumber of ItemsPoints for EachTotal Points AvailableWeight
Homework5 of 7105012.5%
Quizzes10 of 1255012.5%
Projects1 of 2505012.5%
Attendance & Participation--10012.5%
Midterm Exam10010025%
Final Exam110010025%
LetterRange (%)LetterRange (%)
LetterRange (%)
A95 or above
B83 - 86
C70 - 76
A-90 - 94
B-80 - 82

60 - 69


87 - 89


77 - 79


59 or less

Course Calendar

Modules Weekly Schedule

Jun 07 |10 pts
Jun 07 |5 pts
Jun 07 |5 pts
Jun 28 |10 pts
Jun 28 |5 pts
Jun 28 |5 pts
Jul 05 |10 pts
Jul 05 |5 pts
Jul 05 |5 pts
Jul 12 |10 pts
Jul 12 |5 pts
Jul 12 |50 pts
Jul 12 |50 pts