You are required to inform your figuring out and application of the major ideas, guidelines, practices and processes of enterprise and management accounting in the context of hospitality and tourism. Evaluation Transient Module title: Finance for Hospitality and Tourism
Module code: IHM4003
Project title: Portfolio of Accounting Obligations
Project structure: Portfolio
Observe/level in time: 2,000
File form: MS Observe of PDF File
Proportion of last grade: This task is worth 100% of your last grade for this module.
Submission time limit: Examine module iLearn web lisp for date of submission
Grade open: You are going to generally procure your provisional grade and ideas within 20 working days of the submission time limit
Precious phrases: Finding out outcomes (LOs)
The skills and details that you wants so to repeat for your work.
Rubric/Marking Matrix
A group of abode of guidelines or guidelines primitive to grade or assess work.
Assignment summary: On this task, you would also very well be required to inform your figuring out and application of the major ideas, guidelines, practices and processes of enterprise and management accounting in the context of hospitality and tourism. This will likely attend you form the monetary skills wanted for efficient management and decision-making for your future careers.
Your Position: You salvage gotten been appointed the Accounting Industry Consultant to local businesses. Your characteristic would require you to inform details in monetary management, monetary and management accounting and FinTech functions. You are required to invent a portfolio of accounting tasks as proof to support local businesses. Your portfolio wants to be because it could perhaps be structured containing the next sections:
A entrance disguise web lisp.
Table of Contents.
Introduction offering an outline of the aim of your memoir, your chosen organisation and a top level conception of the factors that this can tackle in sequential present.
Necessary physique.
Conclusion.
References the suppose of the AU Harvard Referencing Model.
Research: It is foremost to study appropriate research skills to systematically analyse accounting details and sources to set details relating to monetary and management accounting processes in hospitality and tourism businesses. This will likely encompass prognosis of enterprise statements, enterprise experiences and tutorial literature. You could unexcited research a extensive differ of sources, together with company web set of abode sources, tutorial, exchange and practitioner sources to set the context correct thru which businesses operate.
The task: Arden Hospitality and Tourism Enterprise (AHTE) is embarking on a mission to offering accounting and monetary recommendation products and companies for sign new and existing local hospitality and tourism businesses to promote investment project in the exchange. You salvage gotten been appointed the Accounting Industry Consultant to local businesses. You are required to invent a 2,000-word formal portfolio of proof of accounting and monetary based fully mostly tasks addressing a differ of ideas as directed beneath:
Project instructions: For this task, it’s famous to invent a portfolio of accounting tasks as beneficial beneath:
Assignment 1: Interpretation of Financial Accounting Files Marriott Global Inc. Financial Statements: The monetary statements beneath salvage been tailored from the Financial Story for Marriott Global Inc. for 2024. Using the details:
Show conceal pointers on how to calculate the major Profitability Ratios to overview the company’s efficiency for 2024 in comparability to 2023.
Touch upon the company’s efficiency and imply solutions based fully totally on inclinations printed by the ratios over the two-year period.
Clarify the principle advantages of ratio prognosis.
Marriott Global, INC. Consolidated statements of Profits in $million for 2024 and 2023
2024
2023
$m
$m
Earnings/Turnover/Sales
25,100
23,713
Less operating fees and expenses
(21,333)
(19,849)
Working Profits BIT
3,767
3,864
Positive factors and other earnings, obtain
31
40
Interest Fees
(695)
(565)
Interest Profits
40
30
Equity in earnings
8
9
Profits sooner than taxes
3,151
3,378
Provision for earnings taxes
(776)
(295)
Fetch Profits
2,375
3,083
Earnings per share
2024
$
2023
$
Earnings per share – Overall
8.36
10.23
Earnings per share – Diluted
8.33
10.18
Marriott Global, INC. Consolidated Balance Sheet for Fiscal Years 2024 and 2023 ($m)
2024
2023
Latest assets
$m
$m
Cash and money equivalents
396
338
Accounts and notes receivable, obtain
2,795
2,712
Prepaid expenses and other
294
261
Total fresh assets
3,485
3,311
Mounted Assets
Property and equipment, obtain
1,833
1,581
Intangible assets
Brands
5,770
5,907
Contract acquisition fees and other
3,718
3,283
Goodwill
8,731
8,886
Total intangible assets
18,219
18,076
Equity manner investments
298
308
Notes receivable, obtain
136
138
Deferred tax assets
650
673
Working rent assets
845
929
Other noncurrent assets
716
658
Total Assets
26,182
25,674
Liabilities and Stockholders’ Deficit
Latest Liabilities:
Latest part of long-time period debt
1, 309
553
Accounts payable
763
738
Accrued payroll and advantages
1,449
1,390
Authorized responsibility for customer loyalty programme
3,487
3,328
Accrued expenses and other
1,641
1,753
Total fresh liabilities
8,649
7.762
Long time period debt
13,138
11,320
Authorized responsibility for customer loyalty programme
4,032
3,678
Deferred tax liabilities
81
209
Deferred income
1,103
1,018
Working rent liabilities
794
887
Other noncurrent liabilities
1,377
1,482
Stockholders’ deficit
Class A overall stock
5
5
Extra paid in capital
6,179
6,051
Retained earnings
16,531
14,838
Treasury stock, at trace
(24,644)
(20,929)
Accrued other complete loss
(1,063)
(647)
Total noncurrent liabilities
(2,992)
(682)
Total fairness + liabilities
26,182
25,674
(500 phrases)
(LO: 3, 5)
Assignment 2: Sources of Industry Finance for Exiguous and Entrepreneurial Agencies
You are playing the characteristic of a monetary management consultant serving to local hospitality and tourism businesses in figuring out the funding suggestions available for cramped businesses. The local leaders are nice looking on capital ventures and enterprise angels as potential sources. Your characteristic is to provide upright, informative and actionable insights on financing/funding decision-making. On this context:
Point out how endeavor capital investing differs from enterprise angels investing?
Overview and study the major advantages and downsides for every endeavor capital and enterprise angels as systems of financing.
Provide shimmering recommendation to local leaders on the factors that their businesses will must meet to qualify for every endeavor capital and enterprise angels funding or financing.
Employ appropriate templates (e.g., tables or graphs) to summarise and attend your findings.
(500 phrases)
(LO: 1, 5)
Assignment 3: Budgetary Planning and Budgetary Control Temporarily outline the distinctive aspects of capital investments which elaborate the enchancment and application of a definite set of abode of systems to overview them.
Using the details beneath touching on to the Arden Café Ltd, serving food and drinks, put together a budgetary adjust assertion showing the fixed funds, versatile funds, exact results, volume and worth/trace variances for the period:
Temporarily level to that you would also imagine reasons for the variances imply systems that will additionally be primitive to tackle seen variances.
Budgeted and exact results for Arden Café Ltd for quarter ended 30 th March 2025
Funds
Sales Quantity
93750
Sales income (realistic use)
£10
Articulate Food fees as a percentage of gross sales
40%
Other Variable fees as a percentage of gross sales
12%
Mounted Labour fees
£197,500
Mounted Overheads
£97,500
Steady Results
Sales volume (covers)
£102,500
Sales income
£813,334
Variable Food trace
£338,125
Other Variable Costs
£106,250
Mounted Labour Costs
£206,250
Mounted Overheads
£81,250
Your work must unexcited expose pointers on how to put together a budgetary adjust assertion, the suppose of appropriate templates, showing the fixed funds, versatile funds, exact results and variances for the period.
Structure the budgetary adjust assertion, clearly labelling every column the suppose of the structure you salvage been taught at school.
Enter the fixed funds
Calculate and enter the versatile funds figures.
Do now not forget that every gross sales and variable fees wants to be the categorical enterprise volume multiplied by the budgeted unit details while the fixed fees dwell unchanged.
Enter the categorical figures.
Calculate the variances.
(500 phrases)
(LO, 2, 5)
Assignment 4: Exploring Fintech Functions in hospitality and Tourism You are tasked with the characteristic of an accounting fintech consultant to the local hospitality and tourism businesses. Your draw is to support decision-makers understand and overview the worth of enterprise technologies (fintech) for their operations. On this context:
Point out and elaborate why hospitality and tourism organisations wants to be nice looking on investing in Blockchain and other disbursed ledger technologies
Overview how Blockchain functions can become or toughen the accounting practices all the plot thru the exchange. Clarify the principle advantages and boundaries of blockchain functions. Temporarily discuss the major operational improvements or challenges.
Employ supporting case watch proof to underpin your work where that you would also imagine.
(500 phrases)
(LO, 4, 5)
Finding out outcomes (LO) By winding up this overview, you are going to salvage shown and be assessed on all 5 of the studying outcomes:
LO1 Point out diversified sources of enterprise finance available to organisations within hospitality and tourism.
LO2 Apply various management systems together with budgeting, investment appraisal and worth volume profit prognosis.
LO3 Define monetary accounting details the suppose of overall ratio analyses.
LO4 Identify and assess the characteristic of lots of FinTech functions.
LO5 GA: Professionally a professional in their enviornment pickle, with in‐ depth comprehension, awareness, honest research skills, and other skills associated with their enviornment pickle and discipline(s).
Your marker will suppose a rubric/ marking matrix to grade your work, and you’re going to also get admission to this by clicking on the submission portal
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