Area
              Hospitality & Recreation Management
          Course Number
              HRM 201
          Semester Offered
              F/S
          Credits
              3
          Students study managerial accounting in the hospitality industry as it informs pricing and revenue management. Presented will be major analytical themes, such as financial statement interpretation and cost accounting for internal control. The second half of the semester, students analyze financial statements through the use of operating ratios and describe the financial control system used. Students understand the budget cycle, forecast sales and revenue management strategy.