Profitable Tourism Business (5 cr)
Code: PR10019-3001
General information
Enrollment
01.04.2023 - 30.04.2023
Timing
30.10.2023 - 15.12.2023
Number of ECTS credits allocated
5 op
Mode of delivery
Contact teaching
Unit
Restonomikoulutus (PR)
Campus
Wärtsilä Campus Karjalankatu 3
Teaching languages
- Finnish
Seats
20 - 60
Degree programmes
- Degree Programme in Tourism and Hospitality Management
Teachers
- Teppo Tarnanen
- Keijo Koskinen
Teacher in charge
Teppo Tarnanen
Groups
-
PRAS22Hospitality Management (BA), Tourism and Catering, blended learning, Fall, 2022
Objective
They can use financial statements to assess the growth, profitability, liquidity and solvency of a company. They can determine the cost of a product or service, use different pricing methods and assess the profitability of products, customers and the company as a whole.
They will be able to use budgeting and other tools for financial planning.
They will be able to draw up an investment plan for a tourism business and assess its profitability.
Content
Interpretation of financial statements.
Pricing based on incremental and operating cost accounting.
Distribution of sales revenue within the network between the company, subcontractors and distribution channels.
Inventory management and profitability.
Budgeting: profit and loss budgeting. Sensitivity analysis as a tool for budgeting. Liquidity, cash budgeting.
Investment planning.