Description of Individual Course Unit
Financial Management II
Course Title: Hotel management
Area of Study: Business Sciences
Course Code:
ECTS Credits: 5
Degree
Degree Level:
Bachelors
Year:
1st
2nd
Type of Course: Compulsory
Student Workload:
Theory (T)
Theoretical Application (TA)
Laboratory Work (LW)
Fieldwork (F)
Seminar (S)
Prerequisites:
Specify:
Objectives
No
Bachelors
Masters
3rd
Elective
45
Semester: 1st
2nd
Work Experience (WE)
Tutorial (T)
Independent Study (IS)
Assessment (A)
Other (O)
TOTAL
Yes
45
45
4
139
GENERAL AIMS
The financial decisions taken by companies are of vital importance to
them, since they affect not only their financial structure, but also
their consistent profitability and competitive capacity, and even
sometimes, to stay on the market. Thus, the function has financial
implications and is closely linked with other business functions.
SPECIFIC AIMS
Once the students of the course of Hotel Management must be prepared
to respond to certain questions relating to the financial area of
hotels, they must be able to:
• to Make a proper management of financial needs and resources linked
to the area of operation of the company;
• Select the most convenient sources of financing in the short term;
• Select the best sources of financing in the medium and long terms;
• Assess the profitability of different investment options, and their
risk;
• Select the investments to implement and manage them.
Contents
1. Financial Management of Short Term
1.1. Key parts accounting:
1.1.1. Functional Review
1.1.2. Demonstration of Fixed Results
1.2. Balance and the company's financial situation
1.2.1. Management depth
1.2.2. Financial Balance
1.2.3. Liquidity indicators
1.3. Treasury Management
1.4. Management Needs in Management depth
1.4.1. Realizable Management
1.4.2. Stocks Management
1.4.3. Short-term debts Management
2. Short Term Financing and Financial Planning
2.1. Short term financing
2.1.1. Sources of financing
2.2. Short-term financial planning
2.2.1. Introduction
2.2.2. Budgetary Management
3. Medium and Long-term Financing
3.1. Permanent capital Structure
3.2. Capital structure Theories
3.3. Company's financial policy
3.4. Sources of financing in the medium and long term
4. Decisions on investment
4.1. Definition of investment
4.2. Type of investments
4.3. Projects assessment
4.3.1. Social-economic Assessment
4.3.2. Financial evaluation
4.4. Investments evaluating Criteria:
4.4.1. Accounting Policies
4.4.2. Policies based on cash flow
4.4.3. Investments selection
Teaching Methods
The classes will teach the kind of theoretical and practical, which
held the exhibition of materials for teaching and the presentation of
clear examples of them.
Those will be combined with practical exercises solved by the
students.
Assessment
Students may choose one of two types of evaluation: continuous or
periodic.
Continuous
assessment
requires
that
they
meet,
as
mandatory
requirement, a minimum of 75% of attendance at classes. Such an
assessment is made of two tests, which have a weighting of 95%,
besides participation in class, with a weighting of 5%. It should be
noted that the students can not have less than eight note values,
rounded to the unit in each of the tests.
The regular assessment is the realization of a test, with weighting
of 95%, and a job, which has a weighting of 5%.
The students must choose at the beginning of the period, for one of
these two types of evaluation; failing to do so, the teacher feels
that they are subject to periodic evaluation.
Bibliography
Borges, António, Rodrigues, Azevedo e Morgado, José, 2004, “Contabilidade e
Finanças para a Gestão”, 2ª Edição, Áreas Editora
Brealey, Richard A e Myers, Stewart C. 1998, “Princípios de Finanças Empresariais”;
Editora McGraw-Hill, Lisboa
Carrilho, José e Outros, 2005, “Elementos de Análise Financeira – Casos Práticos”,
Editora Publisher Team, Lisboa
Menezes, H. Caldeira, 1996, “Princípios de Gestão Financeira”, 6ª Edição, Editorial
Presença, Lisboa
Nabais, Carlos e Nabais, Francisco, 2005, “Prática Financeira II – Gestão Financeira”,
Editora Lidel, Lisboa
Neves, João Carvalho, 2002, “Análise Financeira – Vol. I – Técnicas Fundamentais”,
Texto Editora
Owen, Gareth, 1998, “Accounting for Hospitality, Tourism & Leisure”, Second
Edition, Financial Times, Prentice Hall, Pearson Education