Module code: MAN2125

Module Overview

The prime motivator is to equip students with a good and meaningful understanding of hospitality/tourism/events accounting and finance. The overall objective is to develop skills needed by competent young professionals in order to compete successfully in today’s hospitality/tourism/events industry. Although the module has a clear focus on hospitality/tourism, students will be equipped with transferable skills that can be useful for careers in the service industry in general.

Module provider

Hospitality, Tourism & Events Management

Module Leader

KIM Yoo Ri (Hosp & Tour)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 5

JACs code: N340

Module cap (Maximum number of students): N/A

Overall student workload

Module Availability

Semester 1

Prerequisites / Co-requisites


Module content

1.         Preparation of simple Balance Sheets and simple Income Statements

2.         Accounting for limited companies

3.         Cash flow statements

4.         Analysis and interpretation of financial statements

5.         Costing goods and services

6.         Pricing goods and services

7.         Budgets and budgeting

8.         Capital investment decisions (Payback and ARR

9.         Capital investment decisions (NPV and IRR)

Assessment pattern

Assessment type Unit of assessment Weighting

Alternative Assessment

Not applicable

Assessment Strategy

The module has number of learning outcomes that directly related to the topics delivered in various weeks. The assessments are designed to capture learning in all the topics. The midterm test, consists of multiple choice questions, and it will assess students on the topics covered over the first weeks of term. The final exam will assess students’ ability to analyse financial statements, as well as, students’ understanding of costing, pricing, budgeting and investment appraisal. 

Where students require ALS arrangements for the mid-term test, these will be identified and addressed as required.

Thus, the summative assessment for this module consists of:

  1. One-hour midterm (online) test (20 multiple choice questions) at 30% of overall module mark.

  2. Two-hour final examination at 70% of overall module mark.


The first summative assessment is scheduled for week 6 of the term. The second summative assessment is scheduled for the second half of January, that is, after the end of term.


Formative assessment and feedback

Opportunities for formative feedback will be provided through in-class discussions, example multiple choice questions and SurreyLearn discussion forums. All students will also have the opportunity to receive feedback with module contributors during regular weekly office hours.

Module aims

  • The aim of this module is to develop students' ability to prepare, read, understand and use main financial statements as a generalist. The module is oriented mainly towards the user of financial accounting data rather than the maker. However some basic inputs pertaining to the accounting principles will be taught to provide an introductory grasp from the creator’s perspective. 
  • This module also aims to help students obtain basic knowledge of the different sources of finance available to companies which operate in the hospitality and tourism industries. In addition to the above, the module examines the use and the preparation of cost and management data for planning, decision-making and control. It focuses on the estimation of cash flows for investment analysis, as well as, the applications of company investment analysis. Investment appraisal will be taught through a number of industry relevant examples and case studies.

Learning outcomes

Attributes Developed
1 Prepare basic financial statements i.e. income statements, statements of financial position and cash flow statements for sole traders and companies.
2 Understand and explain the basic conventions under which each is made.
3 Analyse and interpret such statements using qualitative and quantitative information.
4 Evaluate and apply a variety of industry relevant cost analyses and business performance measurement techniques.
5 Understand how businesses finance non-current assets, investments and working capital.
6 Explain the nature and importance of investment decision making.
7 Identify and discuss the qualities of the four main investment appraisal methods (Payback, ARR, NPV and IRR) used in practice.
8 Apply DCF methods i.e. NPV and IRR.
9 Explain the methods used to review and control capital expenditure projects.

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is developed in this module to facilitate active learning and to support students in achieving the learning outcomes.

  • Weekly, one two-hour lecture incorporating class-room participation for better understanding.

  • Weekly, one-hour tutorial sessions for solving problems to understand the contents covered in lectures. The tutorials cover worked examples which are an integral part of the module. Tutors will provide the necessary support during these sessions for deeper understanding using multiple choice questions (MCQ), short, and long problem solutions.

  • SurreyLern discussion forums to address any issues related to the content, learning and teaching environment, and delivery of the module and/or specific topics.

  • SurreyLearn will be used for delivering optional mock MCQ and short question examination, giving the participants an opportunity to get formative feedback.

  • Utilizing SurreyLearn as the main pool of resources including lecture hand-outs, tutorial problems, mock exercise, and discussions. Besides using SurreyLearn as the main means of communication to establish resource efficiency and communicational effectiveness.

  • Weekly office hours provided by lecturers.

  • Support of lecture material by directed reading in selected.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list
Upon accessing the reading list, please search for the module using the module code: MAN2125

Programmes this module appears in

Programme Semester Classification Qualifying conditions
International Tourism Management (SII DUFE) BSc (Hons) 1 Compulsory A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2021/2 academic year.