Course Detail
NHM 467 Hospitality Service Financial ManagementNHM 467 IS Sec 1, University of Mississippi 3 credit hours |
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Instructor Information: |
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Instructor name: James Joseph Taylor, PhD, is a restaurant management specialist. Dr. Taylor completed his doctoral studies at the University of Southern Mississippi in Hattiesburg, Mississippi. Building upon a business administration and food systems management background, his research focuses on financial analysis, menu analysis and development, human resource management, and has recently been researching alcohol-related consumption motivators. |
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Contact Information: |
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If you have questions concerning the content of the course, you may contact the instructor directly using the Email Your Instructor link in the Lessons or Content page. NOTE: Whenever sending email, please be sure to indicate your course title and number in the subject line. You can expect a response within 72 hours, although it may be longer on weekends. Many instructors reply within 24 hours. For lesson or test administration issues, please contact the iStudy department: The University of Mississippi Phone: (662) 915-7313, toll-free (877) 915-7313 |
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Course Description |
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This course is intended as an introduction to financial management in the hospitality industry. This includes a review of financial statements as well as an introduction to financial markets. The focus of the course, however, is on capital budgeting. The course will also make use of computer spreadsheets. Prerequisites: Successful completion of NHM 215, ACCY 201, and NHM 210(310). |
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Textbook Information: |
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Textbook information will be provided upon enrollment in your iStudy course. |
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Course Objectives: |
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Hospitality Management Program Mission Statement Program Learning Outcomes (PLOs) Students will:
The main objective of this class is to introduce the student to the process of financial management and the concept that a good financial decision is a good business decision and vice versa. Upon completion of this course, the student should be able to:
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Course Outline: |
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This course consists of 9 instructional lessons, grouped into 4 modules. You MUST complete the syllabus quiz as soon as you have access to your Blackboard course. This is mandatory to verify your attendance. * NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page |
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Lesson | Reading Assignments | Due for Grades | Suggested Pacing Guide (if you want to complete the course in a traditional semester) |
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Start Here | *You MUST complete the syllabus quiz as soon as you have access to your Blackboard course. This is mandatory to verify your attendance.*NOTE: you must pass the Syllabus and Orientation Quiz for the course materials to appear on the Lessons page. | Syllabus Quiz | Week 1 |
0 | Course Introduction/Resources | Introduce Yourself | Week 1 |
Module 1 | |||
1 | Introduction to Financial Management | Review Questions, Journal | Week 1 |
2 | Value Creation | Review Questions, Journal | Week 2 |
3 | Financial Markets | Problems, 3.1, 3.2, & 3.3, Journal, Test 1 on Chapters 1-3 | Weeks 3 - 4 |
Module 2 | |||
4 | A Brief Review of Financial Statements | Problems, 4.4, 4.6, & 4.9, Journals | Week 5 |
5 | A Brief Review of Financial Statements, Financial Statement Analysis | Test 2 on Chapter 4 - Chapter 5 Research Project on Ratio Analysis of three hospitality companies |
Weeks 6 - 7 |
MIDPOINT OF COURSE | You are strongly encouraged to reach the midpoint of your course by the date specified in your information. | All lesson assignments or exams needed to reach the midpoint of the course | The exact date the semester students are encouraged to reach the midpoint is specified in their registration information. |
Module 3 | |||
6 | Risk and Value In the Hospitality Firm, The Timing and Value of Cash Flows | Problems, 7.1, 7.2, 7.3, 7.7 and study guide | Weeks 8 - 9 |
7 | Other Valuation Criteria | Problems 10.1, 10.2, 10.5 (NPV & IRR only) and study guide, Test 3 on Chapters 6, 7, & 10 | Weeks 10 - 12 |
Module 4 | |||
8 | Leasing | Problems 15.2, 15.7 and study guide, Journal | Week 13 |
9 | Franchising | Problems 16.4, 16.8 and study guide, Journal | Weeks 14 -15 |
Final Exam | Final Exam on Chapters 15 & 16 Be sure all work has been submitted and graded prior to taking this exam. |
Final Exam To be submitted to finalize credit |
Week 16 |
Grading: |
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Grading Scale: GRADING INFORMATION: FAILURE TO TAKE THE FINAL EXAM WILL RESULT IN FAILURE OF THE COURSE. |