ECTS - Financial Management in Tourism

Financial Management in Tourism (TOUR423) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Financial Management in Tourism TOUR423 3 0 0 3 6
Pre-requisite Course(s)
Course Language English
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Demonstration, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. İbrahim Birkan
Course Assistants
Course Objectives To make the students have knowledge about financial management in tourism.
Course Learning Outcomes The students who succeeded in this course;
  • To explain the terms related to the finance and financial management.
  • To interpret the financial tables.
  • To provide to calculate break-even and analyze profitability etc.
  • To prepare cost-revenue tables at least belong to their departments.
  • To provide to get enough knowledge about how to provide financial resources and how they can be used effectively in tourism establishments.
Course Content Financial management in tourism and examples from practice.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction to finance and managerial accounting Chapter 1
2 The balance sheet Chapter 2
3 The income statement Chapter 3
4 The statement of cash flows Chapter 4
5 Ratio Analysis Chapter 5
6 Basic cost concepts Chapter 6
7 Mid-term Exam Mid-term Exam
8 Cost- Volume- Profit analysis Chapter 7
9 Cost approaches to pricing Chapter 8
10 Forecasting methods Chapter 9
11 Operations budgeting Chapter 10
12 Cash management Chapter 11
13 Capital budgeting Chapter 12
14 Lease accounting-Income taxes Chapter 13
15 Review Review
16 Final Exam Final Exam


Course Book 1. Hospitality Industry Managerial Accounting, Raymond S. Schmidgall, 7 th Ed.
Other Sources 2. Hospitality Industry Financial Accounting, Raymond S. Schmidgall and James W. Damitio, 3 rd Ed.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 20
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 35
Final Exam/Final Jury 1 45
Toplam 3 100
Percentage of Semester Work 55
Percentage of Final Work 45
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Have a basic knowledge of theories, facts and principles related to tourism and tourism management. X
2 To have information about the economic, cultural, social and environmental dimensions of tourism. X
3 Have knowledge of general business and economics and understand the strategies of human resources management, food and beverage applications, accounting and finance, management and marketing and service marketing in tourism enterprises. X
4 Knows the national and international legal regulations, social, environmental and professional ethical values related to the field of tourism and develops appropriate behaviors to ethics. X
5 Demonstrates reading, comprehension, speaking and writing skills in English at least at the B2 level of European Language Portfolio X
6 Demonstrates reading, comprehension, speaking and writing skills at a general level of European Language Portfolio A2 in Russian, French, German or Spanish.
7 Uses the information about Tourism and Hotel Management in the business settings and profession; use information and communication technologies and software related to the field. X
8 Carries out the service processes related to Tourism and Hotel Management in line with the needs and demands of the consumers and proposes solutions to the problems that will affect the service processes. X
9 Generates professional knowledge from the data and synthesizes, analyzes, interprets and evaluates the produced knowledge; gain the ability of doing research project preparation and using the information in solving the problems; makes personal and professional development permanent X
10 He / she takes care of personal care, hygiene, clothing and appearance as required by the tourism sector.
11 Communicates effectively with written, oral, non-verbal and visual ways and demonstrates presentation skills, works effectively as a team and independently. X
12 Recognize and understand different cultures and interact with guests from different cultures.

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 10 2 20
Presentation/Seminar Prepration
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 20 20
Prepration of Final Exams/Final Jury 1 35 35
Total Workload 123