COURSE SYLLABUS - Florida Gulf Coast University

Prof. Simon HFT 4480-4464

COURSE SYLLABUS

Please read this syllabus in its entirety. It is a part of the course

content. Further, it is important that you understand what is

required in this course and the time frames for completing

assignments and activities.

SECTION 1: COURSE INFORMATION

Course Number & Name: HFT 4464 Resort Hospitality & Management Budget & Finance

CRN: 50545

Course Credit Hours: 3

Semester: Summer 2015 (May 11 through July 17)

Department/Program: School of Resort & Hospitality Management

Meeting Times/Location: Online Format: Online Instructor Name: Pablo Simon CPA, CIA, CHAE, CGMA

Office Location: Online

Contact Information: Email through Canvas or [email protected]; (Cell Phone #

305-281-1534 after June 22, 2015)

Office Hours: Online

Prerequisites: HFT 3407 Resort and Hospitality Management

Accounting Competencies: MUST have good reading and

comprehension skills

Course Description: Course prepares students with a basic understanding of

finances that is Increasingly demanded of all manager’s in

the Resort/Hospitality industry. Students sharpen their

skills of budgeting and finances. Required Text: Hospitality Financial Management, 1

st edition, 2005 By Robert

E. Chatfield and Michael C. Dalbor. ISBN: 0-13-048287-0


Supplemental Needed: A stand-alone financial calculator with no internet access or communication capability (i.e. Texas Instruments BA II PLUS)

Optional course materials: All optional and additional materials will be available on Canvas. Course Website (CANVAS): ID and password are required to login.

Exams: There will be NO makeup for missed Exam(s). See

tentative schedule for details.

Assignments: ALL late assignments will receive zero (0) points, NO

exception(s). . SECTION 2: MISSION, LEARNING OUTCOMES, & MEASUREMENTS

A. PROGRAM MISSION “The mission of the Resort and Hospitality Management program is to provide students with core competencies and experiential learning opportunities in preparation for successful management careers and leadership roles in the resort and hospitality industry and to instill values of lifelong learning and community service.”

B. PROGRAM LEARNING OUTCOMES (PLOs)

Upon successful completion of the program students will be able to: 1. Illustrate proficiencies and skills relevant to the operational areas of Resort and Hospitality

Management

2. Apply effective communication skills

3. Evaluate information and make decisions using critical thinking and problem solving skills.

4. Apply ethical reasoning and professional judgment.

C. COURSE LEARNING OUTCOMES

At the completion of this course, students should be able to:

1. Understand the role of financial management in the hospitality organization and how it

differs from accounting.

2. Analyze three financial statements by different financial tools.

3. Evaluate performance of a hospitality company by analyzing its financial report.

4. Use finance and managerial accounting terminology needed for solving problems and

improving communication skills (using APA style effectively in conceptual based reports

writings).

5. Apply time value of money concepts to assess expenditure programs, loans, and other

applications.

6. Select projects utilizing capital budgeting techniques (i.e.NPV & IRR) to maximize firm

value.

7. Conduct hotel valuation and simple forecasting for demand and revenue.


D. MEASUREMENTS OF STUDENT LEARNING OUTCOMES Cont.

ALC/ILO/ PLO Course Learning outcomes

Assessment

Content/Discipline Knowledge & skills

1. Understand the role of financial management in the hospitality organization and how it differs from accounting. 2. Analyze three financial statements by different financial tools.

3. Evaluate performance of a hospitality

company by analyzing its financial report.

Exams and Assignments

Communication 4. Use finance terminology (the language of business) to improve communication skills (using APA style

effectively in conceptual based reports

writings).

Written Projects

Critical/Analytical

Thinking

5. Apply time value of money concepts to assess expenditure programs, loans, and other applications. 6. Select projects utilizing capital budgeting techniques (i.e. NPV & IRR)

to

maximiz

e firm

value.

7. Conduct hotel valuation and simple

forecasting for demand and revenue.

Exams and Assignments

ALC – Academic Learning Compact (State of Florida

requirements) ILO – University Learning Outcomes

PLO – RHM Program Learning outcomes


GRADE COMPONENT PERCENTAGE POINTS

Discussions – Online (9 at 5 points each, drop

lowest grade). Eight at 5 points each. 10% 40

Homework (5 homework assignments at at 16

points each 20% 80

Exam 1 25% 100

Exam 2 25% 100

Project 20% 80

Total 100% 400

SECTION 3: LEARNING OUTCOME EVALUATION METHODS AND GRADING

POLICIES A. Course Grading: assigned based on the total number of points earned on the following assignments

B. How Your Final Course Grade Is Determined based on percentage points A = 93% - 100.0% A- = 90% - 92.9% B+ = 87% - 89.9% B = 83% - 86.9% B- = 80% - 82.9% C+ = 77% - 79.9% C = 73% - 76.9% C- = 70% - 72.9% D+ = 67% - 69.9% D = 63% - 66.9% D- = 60% - 62.9% F = Less than 60.0%

:


C. Clarification on grade components

Discussions (40 points) Keep in mind that forum discussions are public, and care should be taken when

determining what to post. In the discussion area of the course you, as a student, can interact

with your instructor and classmates to explore questions and comments related to the

content of this course. Discussions will always close Sunday, 11:00 P.M. The new week

will start on Monday at 12:00 M (Monday morning) and end on Sunday at 11:00 PM. There will be 9 discussions during the term and you will be graded on them. The lowest

score will be dropped. A successful student in online education is one who takes an active

role in the learning process. You are therefore encouraged to participate in the discussion

areas to enhance your learning experience throughout each week. We will be discussing

real world topics dealing with the subject(s) of the week and also practice and theory

problems that will reinforce the material.

Homework

(80 points) A valuable part of this course is the problems assigned. They should be worked carefully and in good form. Each student is expected to do their own work! Homework must be completed on Canvas. Late homework solutions are NOT accepted, there is no make-up homework if passed the due time.

Exams (100 + 100 = 200 points) The exams will only consist of True/False and Multiple Choice questions.

All students are to take special notice of the exam dates stated on this syllabus.

Emergencies eligible for make-up exams only include a medical emergency involving

yourself or a death in your immediate family. Regular medical appointments and travel

plans are not emergencies. Additionally, excuses related to employment (working during

the exam or sleeping late because of work the night before) do not meet the requirement

for a make-up exam.

*A financial calculator is required for this class. Texas Instruments Business/Financial

Calculator

BAii is recommended.

Group Project (100 points)

---Ratio Analysis Report The project will be submitted on Canvas and will consist of a financial analysis and ratio as well as an analysis of a set of financial statements, It must be submitted in excel.

SECTION 4: TEACHING METHODS, PHILOSOPHY, & MESSAGE TO

STUDENTS A. TEACHING METHODS As an online course, this class requires a lot of self-study and independent work. The course will be organized in modules and you will be graded based on the online discussion and completion of the homework assignments.


B. TEACHING PHILOSOPHY My teaching philosophy is summarized as follows:

Inspiration. My mission of teaching is to inspire students’ originality and integrity

through teaching knowledge in hospitality management and developing multiple talents

among students. I am committed to preparing future leaders for the realm of hospitality

management through active teaching.

Interest. Interest motives effective learning. I believe that a vital component of my role as

teacher is to arouse students’ interest through persuading them that the knowledge and

skills are valuable and worth learning. Especially if a course is commonly perceived as a

“boring” subject such as finance, interest becomes significantly important.

Integration. To be future leaders, students have to grasp both quantitative and strategic

skills and a creative approach to problem-solving. So it is my duty to provide them with integrative knowledge in class.

Interaction. My interaction with students will exist both in class and out of class. In class, I

will interact with students through questions, discussions, and games. Out of class, web-

based class system (Canvas) will be the platform for our interactions. I opened a discussion

board where students can not only ask me question but also can communicate with each

other. I value and inspire students’ different opinions arising as products of scientific

thinking.


SECTION 5: TENTATIVE CLASS SCHEDULE (SUBJECT TO CHANGE)

R=Reading materials. H=Homework.

Week Date Schedule of

Topics

Readings 1 5-11

through

5-17

Topic: Introduction to Financial Management

Student Learning Outcomes: 1. Explain the importance of finance in your personal and professional lives and identify the three primary business decisions that financial managers make. 2. Identify the key differences between accounting and finance. 3. Describe the role of the financial manager within the

firm and the goal for making financial choices.

Assignments: (1) Read the syllabus and use the Student Learning Outcomes when reviewing the chapters before and after each class session. (2) Pay particular attention to the dates for EXAMS, and ASSIGNMENTS. (2) Homework 1 due 5-24-15 (3) Introduction discussion 1 & discussion 2 due 5-17-15

Ch. 1& 2

2 5-18

through

5-24

Topic: Income Statement Student Learning Outcomes: 1. Prepare a summary income statement. 2. Analyze income statement by using different methods.

Assignments: Homework 1 due 5-24-15

Participate in discussion 3 due 5-24-15

Ch.

3.1&3.2

, R1

3 5-25

through

5-31

Topic: Balance Sheet

Student Learning Outcomes: 1. Prepare balance sheet 2. Analyze balance sheet by using different methods

Topic: Statement of Cash Flow Student Learning Outcomes: 1. Distinguish three activities in SCF 2. Prepare Statement of Cash Flow 2. Analyze SCF



Ch.

3.3&3.4

, R2

Ch. 3.6,

R3


4 6-1

through

6-7

Topic: Ratio Analysis Student Learning Outcomes: 1. Understand different classes of ratios and how they related to a hospitality company 2. Calculate ratios using data collected

3. Evaluate performance of a hospitality company

by ratio analysis



Ch.3.& 3.9

5 6-8 through

6-14

Topic: Time value of money Student Learning Outcomes: 1. Understand time value of money 2. Understand and solve six types of time value problems

3. Compute time value problems using Excel and

Financial Calculator

Assignments: Homework 4 due 6-14-15 Participate in discussion 6 due 6-14-15

Ch. 5

Midterm Exam to be completed by 6-18-15 covering the material up to

chapter 5 - week 5

6 6-15 through

6-21

Topic: Common Stock Student Learning Outcomes: 1.Understand difference among CS, PS, and Bonds 2.Valuate Stock using basic valuation tools

3.Understand relationship between investor required rate of return, earnings and dividend growth, and common stock value


Ch. 7

7 6-22 through

6-28

Topic: Capital Budgeting Student Learning Outcomes: 1. Classifying Capital Budgeting Projects 2. Make decision on capital budgeting projects using

different methods.


Ch. 9 & 10


8 6-29 through

7-5

Topic: Hotel Valuation Student Learning Outcomes: 1. Understand purpose and concept of hotel valuation 2. Identify the major hotel valuation techniques Participate in discussion 9 due 7-5-15

Ch. 11

9 7-6 Through

7-12

Topic: and Revenue Management

Student Learning Outcomes: 1.Understand elements of revenue management 2.Apply different pricing methods

3.Conduct market analysis using revenue management

techniques

Final Exam to be completed by 7-17-15 covering the material after the midterm


SECTION 7: UNIVERSITY & COLLEGE STANDARDS & POLICIES

Academic Behavior Standards and Academic Dishonesty - All students are expected to

demonstrate honesty in their academic pursuits. The university policies regarding issues of

honesty can be found in the FGCU Student Guidebook under the “Student Code of Conduct”

on page 11, and “Policies and Procedures” sections on pages 18 - 24. All students are expected

to study this document which outlines their responsibilities and consequences for violations of

the policy. The FGCU Student Guidebook is available online at

http://studentservices.fgcu.edu/judicialaffairs/new.html

Copyright – The university requires all members of the university community to

familiarize themselves and to follow copyright and fair use requirements. You are

individually and solely responsible for violations of copyright and fair use laws.

The university will neither protect nor defend you nor assume any responsibility

for employee or student violations of fair use laws. Violations of copyright laws

could subject you to federal and state civil penalties and criminal liability, as well

as disciplinary action under university policies.

Disability Accommodations Services – Florida Gulf Coast University, in accordance with the

Americans with Disabilities Act and the university’s guiding principles, will provide classroom

and academic accommodations to students with documented disabilities. If you need to request

an accommodation in this class due to a disability, or you suspect that your academic

performance is affected by a disability, please see me or contact the Office of Adaptive

Services. The Office of Adaptive Services is located in Howard Hall, room 137. The phone

number is 590-7956 or TTY 590-7930. In addition to classroom and campus accommodations,

individuals with disabilities are encouraged to create their personal emergency

evacuation plan and FGCU is committed to providing information on emergency notification

procedures. You can find information on the emergency exits and Areas of Rescue Assistance

for each building, as well as other emergency preparedness materials on the Environmental

Health and Safety and University Police Department websites. If you will need assistance in

the event of an emergency due to a disability, please contact Adaptive Services for available

services and information.

Student Observance of Religious Holidays - All students at Florida Gulf Coast University

have a right to expect that the University will reasonably accommodate their religious

observances, practices, and beliefs. Students, upon prior notification to their instructors, shall

be excused from class or other scheduled academic activity to observe a religious holy day of

their faith. Students shall be permitted a reasonable amount of time to make up the material or

activities covered in their absence. Students shall not be penalized due to absence from class or

other scheduled academic activity because of religious observances. Where practicable, major

examinations, major assignments, and University ceremonies will not be scheduled on a major

religious holy day. A student who is to be excused from class for a religious observance is not

required to provide a second party certification of the reason for the absence.

http://www.fgcu.edu/generalcounsel/files/policies/4.005%20Student%20Observance%20of%2

0Religious% 20Holidays.pdf

http://studentservices.fgcu.edu/judicialaffairs/new.html

http://www.fgcu.edu/generalcounsel/files/policies/4.005%20Student%20Observance%20of%20Religious%20Holidays.pdf




Since our class is online you can accommodate the completion of your work to any day of the week. In other words, you can always complete before Sunday if this day happens to be a religious observance for you.

Grading Policies and Grading Systems - The grading system at FGCU is described in the

FGCU Catalog and is overseen by the Office of Planning and Institutional Performance.

(http://www.fgcu.edu/catalog/) In accordance with FERPA (Family Educational Rights and Privacy Act, 1974), grades

may not be announced in class or displayed in any public view by use of the Student ID

number (or social security number) in a paper or electronic format. Electronic display

format includes email or a web-based environment such as Angel.

Retention of Papers, Tests, Student and Class Records - University policy dictates that any materials,

hardcopy or electronic, that contribute to the determination of a course grade be maintained by

individual faculty for one full academic year after the end of the semester. In addition,

departments/programs must maintain all records pertinent to grades for any faculty no longer with the

university

Eagle Mail - is Florida Gulf Coast University’s student e-mail system. Your FGCU Eagle Mail account

MUST be activated. If you are a first time student, you will need your PIN and Student ID, both of

which are assigned at registration. - If you don’t know your PIN, you will need to go to the Registrar's office to retrieve it. - To activate your account, visit http://admin.fgcu.edu/IS/applications/studentaccts/activate.asp.

- The ANGEL (at http://elearning.fgcu.edu) will be used as the primary application for learning and

communication. Additional course information may be distributed via Eagle Mail, so make sure you

know how to retrieve your Eagle mails, and check it very frequently (at least once a day). - Log in to ANGEL at http://elearning.fgcu.edu. You need to use FGCU Eagle Mail account and password to log in. - Assignments, instructions, and other course information on ANGEL are integral components of the course material and are hereby incorporated as part of this syllabus.

The FGCU Writing Center - assists student writers through free, accessible, learning-based writing

consultations. Our primary goals are to help students improve their abilities to think independently, to

write critically, and to learn and implement strategies that will assist them in producing effective writing

assignments. Consultants help writers with brainstorming, formulating a clear thesis, developing their

ideas, and revising. Writing Center sessions are designed to assist writers in improving their ability to

revise independently. Writing Consultants also help writers identify issues of style and mechanics;

however, they do not edit or proofread. The Writing Center is located in Library West, 202C. Library

West is not accessible from the main Library building (Library East). Phone: 239/590- 7141

Resources for Faculty General Education Information on General Education program requirements is available online at http://www.fgcu.edu/General_Education/index.html

Service-Learning Information on integrating service-learning into the course and course syllabus is available online at http://www.fgcu.edu/Connect/

http://www.fgcu.edu/catalog/

http://admin.fgcu.edu/IS/applications/studentaccts/activate.asp

http://elearning.fgcu.edu/

http://elearning.fgcu.edu/

http://www.fgcu.edu/General_Education/index.html

http://www.fgcu.edu/Connect/


Distance-Learning Information on distance learning courses is available online at http://itech.fgcu.edu/distance/

Online Tutorials Information on online tutorials to assist students is available online at http://www.fgcu.edu/support/

Canvas Learning Management System and Demonstration Site Information on Canvas is

available online at http://canvas.fgcu.edu/ and https://fgcu.instructure.com/courses/7692

Library Resources Main page: http://library.fgcu.edu/ Tutorials & Handouts: http://library.fgcu.edu/RSD/Instruction/tutorials.htm

Research Guides: http://fgcu.libguides.com/ Faculty Support: http://library.fgcu.edu/faculty_index.html Contact Us: http://library.fgcu.edu/LBS/about/contactus.htm

http://itech.fgcu.edu/distance/

http://www.fgcu.edu/support/

http://canvas.fgcu.edu/

https://fgcu.instructure.com/courses/7692

http://library.fgcu.edu/

http://library.fgcu.edu/RSD/Instruction/tutorials.htm

http://fgcu.libguides.com/

http://library.fgcu.edu/faculty_index.html

http://library.fgcu.edu/LBS/about/contactus.htm

COURSE SYLLABUS - Florida Gulf Coast University

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