Management Accounting Applied to Hospitality

Code:

LGH2223

Acronym:

CGAH

Subject: 2023/2024 - 2S

Teaching Area:

Accounting

Programmes

Acronym	Study plan	Curriculum Years	ECTS	Contact hours	Total Hours
LGH	Aviso nº 9705/2017 & Ret. nº 682/2018	2º	4 ECTS	36	107

Hours Effectively Taught

LGH2

Theoretical-Practical:	31,50
Other:	6,00

Teaching - Hours Theoretical-Practical: 2,00 Other: 0,40

Aims, Skills and Learning Outcomes

Summary description of course unit
Resources must be acquired and managed efficiently so that organizations can survive and develop in a changing environment, which is characterized by uncertainty, complexity and hostility. In this sense, this course unit aims to develop competences in the area of hotel management accounting and explain its importance as a source of information for the activity planning, organization, control of operations and decision process.

Objetives and outcomes of learning
This main purpose of this course unit is put students in touch with the fundamental aspects of management accounting, developing problem solving skills in the area of Hospitality Management.
Understand how data extracted from daily transactions should be translated into accounting data and can be used by hotel managers in the construction and technical reading of accounting records.

Skills to develop
Recognize the importance of Management Accounting as an information system.
Provide the student with the essential concepts of the subject and provide him with adequate knowledge regarding the various potentialities of Accounting.

Programme

Chapter I - Introduction to Management Accounting

1. Financial accounting and management accounting
2. Scope and objectives of management accounting
3. Models hospitality management accounting
4. Management accounting: concepts

Chapter II - Cost Management

1. Allocation of indirect costs
2. Decision of purchase /investment based on cost
3. Variable costs and fixed costs

Chapter III - Relationship Cost / Volume / Profit

1. Break-Even Point
2. Contribution and security margin

Chapter IV - Production Cost

1. Production cost components
2. Absorption and variable costing system
3. Activity-Based Costing (ABC)
4. Homogeneous Sections Method

Chapter V - Budget

1. Revenues, costs and results
2. Operations budgeting
3. Cash management

Demonstration of the syllabus coherence with the curricular unit's learning objectives

The contents were delineated in an integrated way, and according to the objectives to be achieved and skills to be acquired by the students. The learning components are theoretical and practical, so that students understand the importance of the information produced by accounting, and apply it in management decisions. At a micro level, they are expected to be able to account for the day-to-day operations and, at a macro level, to analyze and interpret the main financial statements resulting from these operations, in order to make accounting a real management tool. Overall, students are expected to be able to apply and develop the knowledge from the curricular unit to their professional practice.

Main literature

Caiado, A;Contabilidade Analítica e de Gestão, Áreas Editora, 2020. ISBN: SBN: 9789899010017

Trancoso, T. & Gomes, S.;Princípios de Contabilidade de Gestão - Gestão de Custos para Mentes Empreendedoras, Trancoso, T., Gomes, S. & Miranda, D., 2018. ISBN: 978-1720059189

Supplementary Bibliography

Jagels, M.;Hospitality Management Accounting, Wiley, 2007

Learning Methods

Presentation and discussion of theoretical and practical cases, with supply of support material on the matters to be addressed, as well as the literature considered indispensable for various items of the program

Assessment Components

Avaliação distribuída com exame final

Assessment Components

Description	Type	Time (hours)	Conclusion Date
Attendance (estimated)	Lessons	30
	Study	6
	Teste/Exame	2
	Study	69
	Total:	107

Continuous Assessment

Individual written tests: 2 (each weighted 40%)
2 Worksheets to be submitted in the e-learning platform: 20% (each weighted 10%)

Under the terms of the General Regulation:

1. The actual presence of students in classes will registered, and if the number of absences for student exceed 30% of the total number of contact sessions scheduled for each course will be automatically transferred to the final evaluation of the regular season.
2. In written tests and evaluation elements referred is required to obtain a minimum score of 7.5 (seven point five) values.
3. If the student lacks or get a grade below 7.5 points in the tests or on the elements of assessment referred above, will be automatically transferred to the final evaluation of the regular season.
4. If the student lacks or get a grade below 7.5 points in the second written test (conducted on the same date of the written test end of the regular season) may be required registration for evaluation at the appeal time.
5. All written academic papers for assessment (reports, case studies, etc.) may be submited in the Turnitin database, available on the ISAG E-Learning platform, with a similarity rate of up to 30% acceptable.

Final Exam

Individual written exam: 1 (100%)

Demonstration of the coherence between the teaching methodologies and the learning outcomes

The teaching methodologies aim to promote learning, both in the theoretical and practical dimensions. It seeks to expose the student to a diverse set of concepts essential to the treatment and analysis of accounting data, with emphasis on the specificity of the hospitality sector. Likewise, it is intended to use critical reasoning in the interpretation of the financial statements, and logical reasoning in solving practical problems.