HFT 2401
Hospitality Financial
Accounting
Fall 2008
Course Overview
Course Description
 Hospitality
Industry Financial
Accounting will provide the basic
knowledge of financial accounting
systems in a hospitality environment
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

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
 Practice group analysis and presentation
skills

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
Topics to be Covered
Part II
 The Income Statement
 The Balance Sheet
 Financial Statement Analysis and
Interpretation

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)
 Additional
Topics as Time Allows
Grading Criteria
 Exam
1
 Exam 2
 Exam 3
 Final Exam
 Presentations
 Group Paper
 Quizzes
 Attendance
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
Grading Criteria
A
B
C
D
F

90% to 100%
80% to 89%
70% to 79 %
60% to 69%
0% to 59%
The plus / minus system is not is use
Grades will be given out in person only.
Expectations
 Completion
of homework
assignments on time
 Participation
 Attendance will be taken for each
class
 Bring a calculator. No cell phones.
 Group project / presentation
 Assignment schedule “subject to
change”
Important Dates












8/26
10/2
10/14
10/28
11/11
11/25
11/27
12/2
12/2
12/4
12/11
First day of class
Exam 1 (See Note)
Group Sign Up Selections Due
Exam 2 (See Note)
Veterans Day Holiday
Exam 3 (See Note)
Thanksgiving Holiday
Group Written Assignments Due
Group Presentations
Group Presentations & Final Review
Final Exam 7:00 to 9:50 am
Note: Except for the first day of class, last day of class and
final exam, dates may be subject to change
Important Policies
 Attendance
Counts – You must be
present to win
 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.
Group Presentations
 Attendance
is mandatory for all
presentations
 All members of the group must
participate in the presentation
 Group size is to be limited to 2
participants
Questions??