Skip to main content

Introduction to Hospitality and Tourism Business (5 cr)

Code: PR10018-3002

General information


Enrollment

01.04.2024 - 30.04.2024

Timing

26.08.2024 - 31.10.2024

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
  • Mikko Lahti

Teacher in charge

Keijo Koskinen

Groups

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

Objective

Students will master the basic mathematical skills needed for tourism management.
They understand the importance of external accounting (bookkeeping) and management accounting to support the short and long term planning of a company or association. They understand the importance of accounting legislation and the concept of double-entry bookkeeping. They understand the basics of the formation of the company's profit for the financial year, the basics of VAT and the importance of auditing.
They can identify the costs of a product or service, price it using the break-even method and assess the profitability at the product level.
They will be able to obtain further information on the subject and to use the services of business advisory organisations and accountancy firms.

Content

Brush-up of basic mathematical skills.
Basics of bookkeeping. Income statement and balance sheet. VAT system and VAT calculations.
Cost accounting and mark-up based pricing.
Cost-volume-profit analysis: variable and fixed costs, break-even point, margin of safety.

Evaluation scale

H-5