Operational Budgeting - ACC2RZ002 - Opinto-opas

Operational Budgeting, 5 cr - ACC2RZ002

Upcoming implementations

Operational Budgeting ACC2RZ002-3017 03.11.2025-16.01.2026 5 op (CONTACT, ...) +-
Campus

Athens

Teaching language

English

Timing

03.11.2025 - 16.01.2026

Enrollment

10.03.2025 - 10.03.2025
Groups
- CONTACT
- LEMONDE23S1
Seats

15 - 30

Degree Programme

22HOTEM Degree Programme in Hospitality, Tourism and Experience Management

R&D proportion

0.00 cr

Virtual proportion

0.00 cr

Evaluation scale

H-5

Current implementations

No ongoing implementations yet.

Past implementations

Operational Budgeting ACC2RZ002-3016 04.11.2024-17.01.2025 5 op (CONTACT, ...) +-
Campus

Athens

Teaching language

English

Timing

04.11.2024 - 17.01.2025

Enrollment

08.03.2024 - 08.03.2024
Groups
- CONTACT
- LEMONDE23S1
Teachers

Nikos Ntanavelos

Seats

15 - 30

Degree Programme

22HOTEM Degree Programme in Hospitality, Tourism and Experience Management

R&D proportion

0.00 cr

Virtual proportion

0.00 cr

Evaluation scale

H-5

The course introduces how to use managerial accounting techniques to make and monitor operational budgets in hotel, restaurant and tourism business and how to use the operational budgets as management tools. The student will also learn how basic operational profitability and productivity ratios are used in the hospitality business. Use of spreadsheets when making the budgets will be handled.

On successful completion of this course, the student is able to

To apply Cost-Volume-Profit analysis
To use methods of forecasting sales and expenses
Make the main operational budgets
Make the variance analysis of budgets
Use the industry operational profitability and productivity ratios as management tools and put them in practical use
Utilize the spreadsheets when making financial calculations.

Basic cost concepts
Cost-Volume-Profit analysis
Forecasting methods
Sales budget
Planning and budgeting of expenses
Budgeted Income Statement
Variance analysis
Efficient use of labour force

Contact lessons
Group working
Individual learning
Examination

Schmidgall, R. 2006 (or later). Hospitality Industry Managerial Accounting. Educational Institute of the American Hotel & Motel Association, USA. Chapters 6, 7, 9 and 10
Lecture materials in Moodle

Prerequisites: Financial accounting

The student masters the basic aspects of operational accounting techniques included in course contents. With given instructions, the student has the ability to perform basic tasks, but needs a lot of guidance.

The student masters the essential aspects of operational accounting techniques included in course contents. With given instructions, the student will be able to perform basic tasks.

The student masters the aspects of operational accounting techniques included in course contents. The student has the ability to apply the knowledge and skills learned in management position.