Study Guide

Objective

- Student is able to consider accounting requirements in operative restaurant management
- Student is familiar with accounting reports
- Student knowns principles of the contribution margins
- Student knows purpose and principles of the accounting
- Student is able to plan cash flow statements
- Student understands basics of the investment calculations
- Student can calculate internal key performance indicators
- Student can apply economical reports in business development
- Student knows principles of pricing

Content

- Requirements of the HoReCa accounting
- Accounting statements
- Management accounting reports
- Accounting basics
- Management accounting basics
- Basics of investment calculation methods
- Pricing methods

Materials

Heikkilä, Pekka, and Timo Saranpää. Hotelli- Ja Ravintola-alan Sisäinen Laskentatoimi. 5. tark. p. Helsinki: Restamark, 2013.
Heikkilä, Pekka. Hotelli- Ja Ravintola-alan Sisäisen Laskentatoimen Harjoituskirja. Kolmas, tarkistettu painos. Helsinki: Restamark, 2013.
Viitala, J. 2006. Yrittäjän taloushallinnon perusteet. Helsinki: Tietosanoma.

Material will be announced at the beginning of lectures

Teaching methods

Lectures
Independent work online and practices

Completion alternatives

Student has a possibility for employment integrated learning if he/she fulfills following prerequisites: Students works in a supervisory role and employer has a suitable project to offer for the course
Student can carry out course tasks at Enterprise Team. For further information contact the Head of Enterprise Team
Recognition of prior learning is possible with prior Higher Education Studies

Student workload

Lectures
Independent work

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

- Student can name accounting requirements in operative restaurant management
- Student can name accounting statements
- Student is able to calculate cross profit
- Student can name accounting purposes and principles
- Student knows parts of the cash flow statement
- Student can use a investment calculation method
- Student can calculate some of the internal key performance indicators
- Student knows basics of the pricing in the industry

Assessment criteria, good (3)

- Student understands accounting requirements in operative restaurant management
- Student can read parts of the accounting statements
- Student knows some of the principles of the contribution margins
- Student knows accounting purposes and principles
- Student can partly plan cash flow statement
- Student knows different investment calculation methods
- Student knows and can calculate some of the internal key performance indicators
- Student knows how to apply accounting information in business development
- Student knows some principles of the pricing in the industry

Assessment criteria, excellent (5)

- Student can apply accounting requirements in operative restaurant management
- Student can read accounting statements
- Student knows contribution margins
- Student knows accounting purposes and principles
- Student can plan cash flow statement
- Student knows investment calculation methods
- Student knows and can calculate internal key performance indicators
- Student can apply accounting information in business development
- Student knows basics of the pricing in the industry

Assessment methods and criteria

Exam, Assignments

Qualifications

Mathematics