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Profitable Tourism BusinessLaajuus (5 cr)

Code: PR10019

Credits

5 op

Teaching language

  • Finnish

Responsible person

  • Teppo Tarnanen

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.

Enrollment

01.04.2024 - 30.04.2024

Timing

21.10.2024 - 20.12.2024

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 Service Business
Teachers
  • Teppo Tarnanen
  • Keijo Koskinen
Teacher in charge

Teppo Tarnanen

Groups
  • PRAS23
    Hospitality Management (BA), Tourism and Catering, blended learning, Fall, 2023

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.

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
  • PRAS22
    Hospitality 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.