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Hospitality Finance

Class Number: HOSPMGT 10109126-1 - Hospitality Finance
Offering Status: Open
Academic Level: Post_Secondary
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Course Description

10-109-126 HOSPITALITY FINANCE ...purchasing/receiving controls, storing/issuing controls, production controls, monitoring activities, sales controls, beverage controls, labor controls and financial statements.

Course Typically Offered

  • Spring

Most NWTC classes are offered in 8-week sessions. Learn more about how our class schedule can help you succeed.

What will I learn?

  1. Explain why it is essential for hospitality owners/operators to thoroughly understand accounting
  2. Describe the major forms of business organization
  3. Define and Describe bookkeeping, double entry accounting and identify bookkeeping accounts
  4. Identify the major financial statements and explain the use of each
  5. Describe the advantage/disadvantage of using a computerized accounting system
  6. Describe the accounting cycle and the difference between cash basis and accrual accounting
  7. Describe the income statement and the accounts used to prepare
  8. Identify the accounts used to prepare a balance sheet and explain the elements that apply
  9. Summarize the significance of restaurant accounting listing income statement components
  10. Describe the Summary Operating Statement and Identify the SOP Sections
  11. Explain the purpose and use of the statement of cash flows
  12. Define responsibility accounting and determine break-even points
  13. Define and apply the concept of price elasticity in the hospitality budgeting process

Class Details

Class Number:
HOSPMGT 10109126-1 - Hospitality Finance
Location:
NWTC Green Bay
Date:
-
Delivery:
Blended
Term:
2026 Spring Session 1

Class Notes

This class is taught through a combination of in-person and online instruction. Students will attend live portions of the class at the dates, times, and location specified. The remaining instruction will be accessed anywhere using internet. For more information regarding this delivery and how to access your class, see www.nwtc.edu/blendedfaq.

Meetings Times

Dates Day(s) / Time Location
1/20/2026 - 3/16/2026 Online
12:00 AM - 12:00 AM
1/20/2026 - 3/16/2026 Tuesday
12:30 PM - 3:20 PM
Green Bay Campus Room BT307

* Cost displayed is based on in-state residency. Back to cost