1. HFT 2401 Hospitality Financial Accounting Section 061
Spring 2016
Course Overview

2. Course Description
Hospitality Industry Financial Accounting will provide the basic knowledge of financial accounting systems in a hospitality environment

3. Course Objectives A basic understanding of accounting principles
An understanding of the development of financial accounting systems
An understanding of the preparation of accounting transactions, adjusting entries, the balance sheet, the income statement, and accounting ledgers

4. Course Objectives
An understanding of the various forms of business organizations and basic accounting for each
Understanding the concepts of cash accounting, receivables and payables accounting, inventory accounting, FF&E accounting and payroll accounting

5. Topics to be Covered Part I Introduction to Accounting
Accounting for Business Transactions
Accounting Principles
Accounting Adjustments
Completing the Accounting Cycle
Subsidiary Ledgers and Special Journals

6. Topics to be Covered Part II The Income Statement The Balance Sheet
Financial Statement Analysis and Interpretation

7. Topics to be Covered Part III Cash and Internal Controls
Receivables and Payables
Inventories & Cost Calculations
Current Liabilities and Payroll
Property Plant and Other Assets
(Depreciation)

8. Topics to be Covered
Part IV
Statement of Cash Flows
Bonds and Leases

9. Grading Criteria Exam 1 15.0% Exam 2 15.0% Exam 3 15.0%
Final Exam %
Quizzes %
Attendance %
Homework %

10. Grading Criteria A 94.0% - 100% A- 90.0% - 93.9% B+ 87.0% - 89.9%
D % to 66.9%
F Less than or equal to 59.9%
Grades will be given out in person only.

11. Expectations Completion of homework assignments on time Participation
Attendance will be taken for each class (Before and after break)
Bring a calculator. No cell phones.
Assignment schedule “subject to change”
Website:
For copies of power points, worksheets, etc.

12. Important Dates 1/11 First day of class 2/15 Exam 1 (See Note)
3/7-3/11 Spring Break
3/14 Exam 2 (See Note)
4/11 Exam 3 (See Note)
4/27 Study Day – No Class
5/2 Final Exam 7:00 to 9:50 pm
Note: Except for the first day of class, last day of class, final exam and holidays, dates may be subject to change

13. Important Policies Attendance Counts – You must be present to win
Financial Aid
Make up Policy for Quizzes & Exams
Quizzes – No make up. Lowest quiz grade dropped
Exams – No make up. The grade for a missed exam will be 50% of the final exam grade.

14. Questions??