Houston Community College System
Travel & Tourism
COURSE DESCRIPTION: TRVM 2305 TRAVEL INDUSTRY MANAGEMENT(3 CREDITS)
An overview of mid-management responsibilities within the travel and tourism industry. Students
will describe the management functions including; analyzing, coordinating, implementing, and supervising
tasks of managing a business.
COREQUISITES:
None
PREREQUISITE:
None
COURSE GOALS:
At the completion of this course, the student should be able to:
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Explain the importance of accounting and financial management to business and
industry.
Demonstrate a working knowledge of basic travel agency accounting terms.
Describe the petty cash record keeping and replenishment process.
Complete a simple petty cash report.
Discuss the reasons why travel agency bookkeepers and accountants should be
involved in the agency's goal setting process.
Identify basic goals and complete an elementary goal-setting objective form.
List the criteria that must be met by well-written objectives.
Identify at least one financial goal, one travel agency marketing goal, one personnel
goal, and one equipment goal.
Discuss the basic reasons for the differences between accounting practices utilized in
the travel agency industry and those utilized by most other small businesses.
Identify the benefits and the drawbacks of the ASTA accounting system.
Explain the historical development of the ASTA accounting system.
List the major reasons why travel agency accounting systems utilize a modified
accrual accounting system.
Complete the recording of a simple airline ticket charge and payment by any of the
three standard forms of payment on an invoice/receipt form.
Describe what credit card data goes on the "credit card" line of an invoice/receipt.
List the circumstances under which invoice reference numbers and recorded on
invoice/receipts.
Describe the distribution of invoice/receipt copies and explain why each copy goes
where it is designed to go.
Complete a voucher check reflecting a simple travel payment.
List the points of distribution of each of the five copies of the voucher check.
Compare the information which appears on a voucher check utilized in a travel
agency and the information which appears on standard business checks.
Identify the major categories of chart-of-accounts numbers which appears in the
detachable section of the voucher check.
Correlate simple direct check expenses to appropriate chart-of-accounts lines.
Verbally evaluate the pros and cons of a travel agency industry chart of accounts.
Identify the purpose of each digit in a multi-digit chart-of accounts system.
Explain the benefits to the travel industry of having a uniform classification of
accounts.
Apply equity build-up approaches and principles to a simple equity position
determination application.
Calculate a return on equity percentage utilizing given figures for net income after
taxes and for owner's equity.
Calculate a return on assets percentage when given the net income after taxes and
the total assets of a travel agency.
Explain a travel agency's comparative dollar profit per sales employee pattern based
on business mix and dollar volume of business.
Explain the procedures for preparing the weekly ARC Report.
30. Complete a simple Sales Report Settlement Authorization form.
31. Prepare the required adding machine tapes that accompany a simple Sales Report
Settlement Authorization form.
32. Identify all key calendar dates inherent in the completion and processing of an ARC
Report.
33. Identify the major ledgers and journals utilized in a travel agency and the purpose for
each.
34. Prepare a simple ticket delivery routing based upon a ticket delivery log.
35. Explain how data in entered on a miscellaneous receipt log.
36. Identify the reason(s) why a miscellaneous receipt log.
37. Explain the benefits to a travel agency of having detailed and accurate monthly and
annual income statements.
38. Take line-item total expense and income figures for a one-month period for a travel
agency and prepare a simple draft monthly income statement showing both end-ofmonth totals and year-to-date totals for both the month's income and the month's
expenditures.
39. Explain the advantages and the disadvantages of considering familiarization trips to
be marketing expenses.
40. Identify the three expense sections on the income statement and explain in general
terms the line items included in each of the three expense sections.
41. Identify the titles of the categories of financial data needed to complete the travel
agency balance sheet and several options for alternative titles and approaches.
42. Complete a simple balance sheet when the financial figures are provided in each
required category of assets, liabilities, and capital.
43. List the reasons why some travel agencies list account numbers under the "cash in
bank" section of "current assets".
44. Explain the reasoning used by travel agency accountants to justify the elimination of
a line on the balance sheet for "Advanced deposits form customers".
45. Identify the raw data needed to prepare the annual budget.
46. Prepare a simple weekly status report when all required basic weekly financial
information is provided.
47. Explain what is included on a source analyses report and why the report is important.
48. Explain why a comparison of weekly employee compensation with weekly travel
agency income is important, and detail the steps that need to be taken to calculate
the percentage of weekly employee salaries compared to weekly income.
49. Justify an employee's salary increase request when the employee's return-ininvestment analyses data is made available and to do this based upon a studentcompleted personnel return-on-investment analysis.
50. Analyze vendor override proposals utilizing data that is provided for the product
profitability report and based upon a student-completed product profitability report.
51. Compare the profitability of two or more commercial accounts by completing a
commercial account profitability analysis when the report data has been provided.
52. Identify the similarities between the commercial account profitability analysis, the
product profitability report, and the personnel return-on-investment analysis form.
53. Prepare a simple travel agency budget based upon having all key figures for the
budget available in advance.
54. Calculate a next-year projected break--even required revenue for a travel agency
when the next-year projected total operating expenses and the next- year projected
average commission are provided.
55. Identify the pros and the cons of selling vendors "with a preference" in order to
increase the agency's average commission.
56. Determine the total amount of sales needed by a travel agency to reach its next-year
financial goals when the next-year projected total operating expense level has been
identified, the next-year projected profit has been identified, and the next-year
projected average commission has been identified.
INSTRUCTOR INFORMATION:
TEXTBOOK INFORMATION:
Ms. Shouping Liu (713)718-6072 – work or (832)668-6828 - cell
Email: shouping.liu@hccs.edu
Travel Agency Accounting Procedures by James M. Poynter; Delmar Publishers Inc.
0-8273-3389-7
LAB REQUIREMENTS: None
STUDENT WITH DISABILITIES:
Students who require reasonable accommodations for disabilities are encouraged to report to
Room 102 SJAC, or call (713)718-6164 to make necessary arrangement. Faculty are only authorized to
provide accommodations requested by the Disability Support Services Office.
ACADEMIC HONESTY:
Students are responsible for conducting themselves with honor and integrity in fulfilling course
requirement.
ATTENDENCE AND WITHDRAWAL POLICY:
1.
Attendance:
A. Students are expected to attend all classes (see college catalog for attendance
policy).
B. Students are responsible for all work missed during an
absence, and it is the student's responsibility to consult with instructors for make-up
assignments.
C. If a student misses 2 or more consecutive classes(12.5%, including lecture and
laboratory time), he/she may be withdrawn from the course by the instructor. This
policy will be strictly enforced for veterans.
2.
Withdrawal:
It is the responsibility of the student to officially drop or withdraw from a course. Failure
to officially withdraw may result in the student receiving a grade of “F” in the course. A
student may officially withdraw in any of the following ways:
A:
B.
Complete an official withdrawal form at the campus he or she is
attending or any other HCCS campus.
Send a letter requesting withdrawal to:
Registrar
Houston Community College Systems
P. O. Box 667517
Houston, TX 77266-7517
COURSE REQUIREMENTS AND GRADING POLICY:
A.
Tests – Students' performance will be evaluated through true/false, fill in the
blank, and multiple choice questions. To evaluate the student achievement for
the stated objectives he/she will complete two tests and a comprehensive final
exam.
B.
Grades:
A = 90-100
B = 80-89
C = 70-79
D = 60-69
F = 59 or below
C.
Final Evaluation Criteria:
Attendance and participation
Homework Assignment
Midterm Exam
Comprehensive Final Exam
Project
15%
20%
25%
25%
15%
TESTING:
Mid-term Exam: Chapters 1 – 4
Final Exam:
Chapters 1 - 8
MAKE-UP POLICY:
Only under special circumstances which student could not control and with the
instructor's approval make-up exam will be given.
PROJECTS, ASSIGNMENTS, PROTFOLIOS, SERVICE LEARNING, INTERNSHIPS, ETC.:
To be announced in class.
COURSE CONTENT:
A comprehensive course which covers management accounting practices. The basic concepts
will be covered through lecture/discussion. Because the course emphasized a practical approach to
travel accounting the class time is taken up with exercises and filling out the forms related to specific
operations in the airline industry. Also class discussion are supplemented by out of class projects.
COURSE CALENDR WITH READING ASSIGNMENT
Class Date
Homework Assignment(due by following Tues. 12noon)
Week 1: 08/25/2015 Course syllabi and Introduction
Week 2: 09/01/2015 Chapter 1(page 1-13).
Chapter Exercise and Discussion Questions 1, 4, 5, 8.
Week 3: 09/08/2015 Chapter 2(page 16-21).
Chapter Exercise and Discussion Questions 1, 5.
Week 4: 09/15/2015 Open discussion & review
Week 5: 09/22/2015 Chapter 3(page 25-30).
Chapter Exercise and Discussion Question 1.
Week 6: 09/29/2015 Chapter 4(page 33-44).
Chapter Exercise and Discussion Questions 2, 5, 7, 9.
Week 7: 10/06/2015 Mid-term Examination: Chapters 1 - 4
Week 8: 10/13/2015 Chapter 5(page 48-52).
Chapter Exercise and Discussion Questions 4, 6, 7.
Week 9: 10/20/2015 Chapter 6(page 56-65).
Chapter Exercise and Discussion Questions 2, 4, 8.
Week 10: 10/27/2015 Chapter 7(page 68-101).
Week 11: 11/03/2015 Chapter 8 (page 105-113).
Week 12: 11/10/2015 Chapter 8 (page 114-131). Chapter Exercise and Discussion Questions 1, 3, 5-8.
Week 13: 11/17/2015 Open discussion
Week 14: 11/24/2015 Review for final examination.
Week 15: 12/01/2015 Final Exam: Chapters 1 – 8
Week 16: 12/08/2015 Final Project Presentation
*Last day for administrative/student withdrawals – October 30, 2015
HCC is committed to provide a learning and working environment that is free from discrimination on the basis of
sex which includes all forms of sexual misconduct. Title IX of the Education Amendments of 1972 requires that
when a complaint is filed, a prompt and thorough investigation is initiated. Complaints may be filed with the HCC
Title IX Coordinator available at 713 718-8271 or email at oie@hccs.edu.