The course takes the student to a new level in understanding the language of numbers as part of the hospitality business.
Course mode: Self-study
Course material: 28 videos, over 2 hours of video material, 5 quizzes. Estimated total study time 54 hours.
Targeted to: this is an introductory course to understanding accounting and making numbers work for you in the hospitality and service business. This course is targeted to 1st-year hospitality university students, people entering the global hospitality industry, and people already working in the service or hospitality sector, wanting to broaden their skills in understanding numbers. Furthermore, this course is targeted at new entrepreneurs in the service sector.
In this course, the participant will learn the basic concepts related to financial and management accounting. The participant will be introduced to the basic cost concepts and cost volume profit analysis. Different pricing methods are also discussed.
The participants are expected to watch all the video content under each module, acquaint themselves with additional materials provided, and then take the quizzes. The quizzes can be taken 3 times and we recommend that participants watch the videos and practise until they feel they master the topic.
After completing the course, the participant:
is familiar with the basic accounting concepts
understands the importance of accounting in the hospitality industry
has the basic knowledge of cost volume profit analysis and its applications
identifies different pricing methods and can apply the cost-based pricing method in real-life situations
Number-awareness required in all areas of business life
Tutorial 1. Introduction
1.2 What is accounting
1.3 Financial accounting
1.4 Management accounting
Tutorial 2. The Income Statement
2.2 Revenue recognition and allocation of short-term expenses
2.3 Allocation of long-term investments
Tutorial 3. The Balance Sheet
3.2 Equity and Liabilities
3.3 The accounting equation
Tutorial 4. CVP analysis
4.2 Contribution margin income statement
4.3 Break-even point
4.4 Margin of safety
Tutorial 5. Pricing
5.2 Contribution margin pricing (example VAT)
5.3 Bottom-up approach
Why start studying now?
Understanding numbers and making them work for you, are the essentials skills in running any business. Understanding numbers also facilitate your career boost into more demanding positions of service business. Accounting and Managing Numbers will give you a solid understanding of the business you work in. The course will open doors to new responsibilities and facilitate your journey from one position to the next. Do not waste a minute – start your new career today!
How do I purchase the course?
You may buy the course by adding it to the shopping cart on this page. You can pay with a credit card, bank transfer, or in-company purchases request for an invoice. You will receive an e-mail confirmation of your order. It contains all relevant data on your purchase.
If you’re ordering the course for multiple users, you will be contacted after your purchase. Credentials to each user will be sent via personal email after verification of your payment.
If you make a company purchase and wish to be billed, you will be contacted. You will receive your credentials to use the course upon payment of the bill. If you have any questions or inquiries, do contact us at firstname.lastname@example.org
How do I get access to the materials and for how long do I have to finish the course?
After we have verified your payment, you will be sent credentials for the log-in to the learning environment, where you will conduct your studies. In the learning environment, you will find all your study materials available for you for 6 months.
You may study at your own pace and return to study materials at any time you wish.
Welcome to the course!
Meet your course instructor
Hanna Moisio is a Certified Hospitality Educator and Senior lecturer and works as a senior lecturer at Haaga-Helia University of Applied Sciences – on its hospitality campus.
Hanna has extensive experience in accounting and teaching. Prior to her lecturing at Haaga-Helia, she worked in the auditing business gaining an understanding of a variety of service industries. She is also a Certified Hospitality Educator (CHE®).