ACCOUNTING AND FINANCE FOR THE SERVICE INDUSTRY (ONLINE) - 2022/3

Module Overview

Managers in the service industry need to be able to measure and analyse the financial, social and environmental performance of the business to underpin decisions in the management and investment setting. In this module, students will learn how to critically evaluate financial information and data available in annual reports, financial analysts' reports and other relevant sources. Using the principles and practices of financial analysis offered in this module, professionals in the service industry will be able to continuously optimise their firm performance and enhance the profitability of the investment decisions.

Module provider

Hospitality & Tourism Management

Module Leader

KIM Bora (Hosp & Tour)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

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

Module Availability

Semester 2

Prerequisites / Co-requisites

None

Module content

Indicative content includes:

• Measuring and reporting financial position


• Measuring and reporting financial performance


• Accounting for limited companies


• Measuring and reporting cash flows


• Analysing and interpreting financial statements


• Cost and volume profit analysis and full costing


• Measuring social and environmental performance


• Budgeting for innovative organisations - agile budgeting


• Making capital investment decisions


• Financing a business

Assessment pattern

Alternative Assessment

N/A

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding, using the following:

Five Online Tests (10% per test, 50% in total) Five online tests to demonstrate their understanding of the core areas of accounting and finance, this will also help them to assess how much work they may need to undertake to be ready for the final financial evaluation project.

Financial Evaluation Project (50%) Students will be required to produce an individual report that evaluates the financial performance of the group's hotel and suggests solutions to enhance future performance. Students will submit a 2,000 word written report.

Formative assessment

First, formative assessment will be given in a live tutorial based on students' understanding of the knowledge learnt and the implications to decision makings in the service industry.

Second, post-lecture live Q&A sessions and weekly homework exercises will be set to improve students' understanding on an on-going basis.

Third, practical exercises and answers will be provided on Surrey Learn as a way of formative assessment.

Feedback

The feedback of the online test will be given automatically and immediately after the test; whereas the feedback of the individual report will be available no more than three weeks after the submission date.

Module aims

• Provide students with the conceptual foundations for critically analysing and interpreting business financial information.
• Equip students with the rationale of investment decision making in the service industry.
• Enable students to apply accounting principles, financial analysis and investment appraisal to decision making in the service industry.

Learning outcomes

Methods of Teaching / Learning

• Weekly 1 hour captured content to illustrate the principles of finance and accounting and practice their applications to the service industry


• Weekly 1 hour live lecture to extend the understanding of the principles and their applications in the service industry through further discussions


• Weekly 1 hour live tutorial to apply the learnt theories and principles through in-class interaction and short and long problem solving


• Independent learning to extend the understanding and application of the finance and accounting principles with the support of additional learning material and reading


• Support of lecture/seminar/tutorial materials by directed reading and exercises


• SurreyLearn will be used as an information portal and will contain captured content videos, lecture notes, practical exercises, solutions to practical exercises, mock exam papers and relevant reading


• On-going feedback in-class on an individual and group basis


• Weekly online discussion boards for students to raise questions and discussions on weekly content

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

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: MANM501

Other information

None

Programmes this module appears in

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 2022/3 academic year.