General Information 

Professor Information

Instructor Profile Picture


Fang Shu


HM 361



(305) 919-4144

Office Hours

3-4 PM Tuesday, By Appointment


Course Description and Purpose

Any hotel general manager needs to know how to prepare and read a budget, how to read financial reports, how to prepare ratios to better evaluate financial statements, and how to analyze costs by their behavior. This is the course where you will learn how to do this. These are essential tasks for any hospitality manager professional who manages hotel and restaurant operations and communicates with investors and upper management.

In order to prepare you for success in this class, we will complete homeworks, assign readings, discussions, exams and other possible assignment activities that will help you among others to organize the correct sequence in budget preparation, the sections of the Statement of Cash Flows, and the basic calculations involved in ratio analysis and calculation/interpretation of Cost Volume Profit Analysis.

Some people are intimidated with accounting as they consider it to be mathematics-oriented. Accounting is basically a principles-based discipline and you probably already have the math skills required to succeed in this class. 

Pre-requisite: HFT 2401.

Course Objectives

At the conclusion of this course, students will (A) be familiar with the tools and techniques of management accounting as applied in 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. 

  • CLO1. Recall the basic concepts and principles of Financial Accounting.
  • CLO2. Appraise and assess the importance of financial statement analysis and ratios and their use in managerial accounting as related to hospitality operations.
  • CLO3. Describe the purpose statement of cash flows and learn how to prepare it.
  • CLO4. Identify and outline the main characteristics and concepts of managerial accounting.
  • CLO5. Explain 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 as related to hospitality operations.
  • CLO6. Explain the importance of various pricing methods that are used in the hospitality industry and points the need for current, tactical, and long-term pricing decisions.
  • CLO7. Explain the importance of the operating and financial budgets including cash budgets, sales and purchasing budgets.
  • CLO8. Analyze the ways in which capital investments differ from operational budget for hospitality companies.
  • CLO9. Describe the importance of internal controls in corporate governance for publicly traded hotels.

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.

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

HFT 2401 Accounting for the Hospitality Industry

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 was a Fully Online Class. We do not have any face to face meetings during the semester. You will be working heavily with Canvas and MyLab. You will need to read the book chapter each week and stay in touch with me. Expectations for performance in this online course are the same as for a traditional course; in fact, this course requires a degree of self-motivation, self-discipline, and technology skills that can make them more demanding for some of you.

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;
  • interact online with instructor and peers;
  • review and follow the course calendar and weekly outlines;
  • log in to the course 3 times per week;
  • respond to discussions by the due date specified. No late work will be accepted;
  • respond to emails within 2 days;
  • submit assignments by the corresponding deadline.

The instructor will:

  • log in to the course 5 times per week;
  • respond to discussion postings within 3 days of the deadline;
  • respond to emails 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.

If you send messages to Prof. Shu's FIU email directly, please make sure you include the course number and section.


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

Homework Expectations:

  • There will be 8 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 limits will consist of 5 questions from the chapters or material covered.
  • The due time for each homework will be Sunday night of the week due at 11:59pm EST. 
  • No incompletes will be graded.


There will be 8 online quizzes taken via Canvas. Except Quiz Module 0, which aims at testing your understanding of the course syllabus, the other 7 quizzes will be MyLab quizzes and can be also taken in your Pearson MyLab directly. Each will have a total value of 10 points. The expiration time for each quiz will be Sunday night of the week due at 11:59 pm EST. See the calendar below.

  • Quiz Module 0 will have a duration of 90 minutes each and will have 10 questions. 
  • The 8 MyLab quizzes (Quiz Module 1-8) will have a duration of 90 minutes each and will have one multi-steps question. 
  • Since the quizzes are online, they are open-book and open-note quizzes. You have two attempts to complete each quiz.


There will be 9 discussion boards during the semester at 10 points each. Keep in mind that forum discussions are public, and care should be taken when determining what to post. In the discussion area of the course you, as a student, can interact with your instructor and classmates to explore questions and comments related to the content of this course. 

The discussions will be graded for:

1. Frequency— number and regularity of your discussion comments. Students are expected to log into the course and post (respond) substantively in the discussion topics on a minimum of two separate days per week in each graded discussion, beginning no later than at Thursday 11:59 PM. No later than Sunday at 11:59 PM. Please submit your posts on separate days to receive full credit.

2.  Quality—the content of your contributions. Examples of quality posts include:

  • providing additional information
  • elaborating on previous comments from others
  • presenting explanations of concepts or methods to help fellow students
  • full credit is awarded when both high quality and required frequency are met.

Rubric for discussion participation:



9-10 points

Started posting substantively before Friday of the week. In addition, at least 1 entry was substantive, non-repetitive, made on two different days, and added to the discussion.

7-8 points

Started posting substantively after Thursday of the week. In addition, at least 1 entry was substantive, non-repetitive, made on two different days, and added to the discussion.

5-6 points

You posted multiple substantive entries. However, these entries were made on a single day.

3-4 points

You posted only once during the week and made it before Friday.

1-2 points

You posted only once during the week but started after Thursday regardless of whether or not the entry was substantive.

0 points

No entries were made during the week

Exams (Online)

  • The 2-hour Midterm Exam (Monday 0:00am- Sunday 11:59pm EST) will cover Chapter 1 through 4. There will be 40 questions at 2.5 points each.
  • The 2-hour Final Exam (Monday 0:00am- Saturday 11:59pm EST) is cumulative, but will make emphasis on the material since the midterm. There will be 40 questions at 2.5 points each.
  • There will be no exam review.


Course RequirementsNumber of ItemsPoints for EachTotal Points AvailableWeight
Mid-term Exam110010015%
Final Exam110010015%
Extra Credit (TBD)




Grading Schema

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

Course Calendar


Oct 03 |100 pts
Will unlock Oct 04, 2021 at 12:00 am
Dec 11 |100 pts
Will unlock Dec 06, 2021 at 12:00 am