Introduction to Hospitality Business EconomicsLaajuus (5 cr)

Objectives

Student:
- has the necessary financial management skills in the field of restaurant expertise
- understand the significance of accounting and its connection with other activities of the organization.
- utilize software for business calculations.

Content

WHAT is the importance of financial management as a component of business success?
WHAT mathematical and financial skills are needed in the profession?
HOW are professional calculations are done using a spreadsheet software?

Assessment criteria, satisfactory (1-2)

The student performs basic arithmetic tasks in the profession.
The student uses ready-made calculation templates in Excel and performs simple calculations in a guided manner.

Assessment criteria, good (3-4)

The student makes calculation templates in Excel and performs demanding calculations independently.
The student is able to choose the most appropriate procedure from different options and justify his / her choice.
The student understands the importance of economics in business.

Assessment criteria, excellent (5)

The student makes demanding spreadsheets in Excel and uses them to aid in simulation.
The student applies mathematics to solve problems. He / she is able to look for different ways of working and solutions, justify his / her choices and try new ways of working.
The student understands the importance of economics in business.