Title: Analyze the financial viability of a hospitality property.
Course: Hospitality, Tourism, and Recreation I (16999-I) > Section: Examining the Hospitality Industry

Analysis should include

- financial statements
- income statement (e.g., profit or loss)
- cash flow statement
- profitability ratios
- operating ratios (i.e., profit and loss)
- definition of viability.

Process/Skill Questions:

Thinking

- How does the accounting department help a business control costs?
- What is the purpose of the Uniform System of Accounts?

Communication

- How have information technologies affected accounting in the hospitality industry?
- What types of software are used in the hospitality industry to keep track of financial transactions?

Leadership

- What are the qualities that workers in the accounting department should have?
- Why do the front office and the accounting division need to work together?

Management

- Who oversees the accounting department?
- How have technological innovations reduced the workload of the accounting department in a hotel?