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| Course Description |
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| Course Name |
: |
Financial Management For Hospitality Industry |
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| Course Code |
: |
KON301 |
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| Course Type |
: |
Compulsory |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
3 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
3 |
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| Name of Lecturer(s) |
: |
Instructor DİLER DEMİRTAŞ
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| Learning Outcomes of the Course |
: |
Knows the contents and functions of financial management
Analyzes the time value of money, interpretation of the basic financial statements
Uses breakeven and profitability analysis, financial planning and asset management of the hotel to have the necessary knowledge
Presents the financial structure of a hotel and to takes the necessary decisions to implement
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| Mode of Delivery |
: |
Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
Introducing financial instruments used in hotels, to demonstrate the financial structure of an accommodation establishment for the use of these financial instruments on the basis of the current data in the right place at the right time, to be able to identify problems and solutions |
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| Course Contents |
: |
functions of financial management, time value of money, financial analysis, break-even analysis and leverage analysis, financial planning and control, working capital and management, cash management, receivables and inventory management, capital budgeting, profit distribution policy |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
Karataş Classroom 103 |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
functions of financial management |
reading text |
Lecture, question-answer |
|
2 |
time value of money |
reading text |
Lecture, question-answer, problem solving |
|
3 |
financial analysis |
reading text |
Lecture, question-answer, problem solving, case study |
|
4 |
break-even analysis and leverage analysis |
reading text |
Lecture, question-answer, problem solving, case study |
|
5 |
financial planning and control |
reading text |
lecture, question-answer, problem solving, case study |
|
6 |
working capital and management |
reading text |
lecture, question-answer, problem solving, case study |
|
7 |
cash management |
reading text |
lecture, question-answer, problem solving, case study |
|
8 |
Midterm Exam |
reading text and lecture notes |
|
|
9 |
receivables and inventory management |
reading text |
lecture, question-answer, problem solving, case study |
|
10 |
capital budgeting under conditions of certainty |
reading text |
lecture, question-answer, problem solving, case study |
|
11 |
capital budgeting under conditions of uncertainty |
reading text |
lecture, question-answer, problem solving, case study |
|
12 |
medium-term financing and long-term financing |
reading text |
lecture, question-answer, problem solving, case study |
|
13 |
the cost of capital |
reading text |
lecture, question-answer, problem solving, case study |
|
14 |
the capital structure |
reading text |
lecture, question-answer, problem solving, case study |
|
15 |
profit distribution policy |
reading text |
lecture, question-answer, problem solving, case study |
|
16/17 |
final exam |
reading text and lecture notes |
written exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 ŞIKLAR, İ. Financial Economics. Anadolu Üniversitesi Yayınları
AYDIN, N. Financial Management. Anadolu Üniversitesi Yayınları
CEYLAN, A., KORKMAZ, T. Financial Management. Ekin Kitabevi
CANBAŞ, S., DOĞUKANLI, H. Financial Markets.
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| |
| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
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Homeworks/Projects/Others |
0 |
0 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
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Final Assessments
|
100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Understands basic terms of business, comprehends strategical, tactical and operational aspects and local, national, international and global aspects of business management. |
4 |
|
2 |
Has sufficient knowledge and conscious about issues which interest society such as job security, worker health, social security rights, quality control and management and protection of natural and cultural environment. |
0 |
|
3 |
Comprehends, explains and applies planning, organization, execution, coordination and control management of accommodation enterprises. |
5 |
|
4 |
Has the skill of nominal and statistical research and thinking skill, predicts results of decisions to be taken and makes correct estimations, considers cause-effect relationship, has the skill of analytical thinking and develops strategical approach. |
5 |
|
5 |
Is open to innovation and change, enterprising, has the behavior of life long learning, thinks analytically, uses modern methods and technologies of business primarily information technologies. |
5 |
|
6 |
Has basic computer using knowledge and knowledge about information systems used in hotel management and has the skill of using these softwares. |
3 |
|
7 |
Has quality conscious, executes and completes qualified works and makes and manages activities for the improvement of employees under his/her responsibility. |
3 |
|
8 |
Creates solution and takes responsibility in unpredictable and complex situations about hotel management, travel management and other touristic managements. |
0 |
|
9 |
Thinks critically, creates alternative solutions and obtains information from different resources and makes analyzes; has the capability of considering social, scientific and ethical values about announcement and interpretation of results. |
4 |
|
10 |
Comprehends legal, social and moral responsibilites of business life and perceives social transformation. |
0 |
|
11 |
Has the capability of verbal and written communication in Turkish, speaks correctly and effectively, conveys information and thoughts in a way that others can understand, has the skill of interpretation and criticism, has high persuasiveness. |
0 |
|
12 |
Is prone to teamwork, has leadership skills and skill of communicating with experts in other fields and specializes in specific field of a tourism enterprise and also has sufficient knowledge about other departments. |
1 |
|
13 |
Evaluates concepts, ideas and data in tourism management with scientific methods, determines and analyzes complex problems and subjects, develops suggestions. |
5 |
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14 |
Understands socio-economic structure of tourism and within this scope its importance for the country and designs skills about investment of a new enterprise to be founded in otherfields of tourism and service sector. |
4 |
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15 |
Knows sectoral conditions to cope with continuous fluctuation depending on flexible demands in a tourist facility and has the knowledge to use and evaluate tools which would analyze a tourism management together with its internal and external environment. |
5 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
14 |
3 |
42 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
2 |
28 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
5 |
5 |
|
Final Exam |
1 |
5 |
5 |
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Total Workload: | 80 |
| Total Workload / 25 (h): | 3.2 |
| ECTS Credit: | 3 |
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