Estudia

• Analitzar els resultats de la política de l'activitat turística i hotelera, traslladant als objectius interns i fent plans concrets per a la seva implementació en els nivells de la funció departamental o de negoci.
• Desenvolupar la capacitat de diagnosticar i resoldre problemes mitjançant la recerca d'informació de diferents fonts per tal de prendre les decisions més encertades
• Utilitzar els idiomes estrangers estudiats com a vehicles normalitzats de comunicació internacional
• Criticar la pertinència dels informes resultants de la investigació, l'avaluació o la intervenció

1. Topic sections: Financial Statement analysis. Analysis of Working Capital. Analysis of the Income Statement: USALI. The Profitability and Financial Leverage effect. Case Studies: conclusions. Practical review. How to implement the economic and financial planning. Diagnosis forecast. Financing alternatives. Financial viability planning model. Group presentations.

2. ECONOMIC AND FINANCIAL ANALYSIS. 1.1. Financial Statement Analysis. 1.1.1. Solvency and indebtedness. 1.1.2. Applications and Funds statement. 1.1.3. Diagnosis of financial evolution. 1.2. Analysis of Working Capital. 1.2.1. The operating cycle of the company. 1.2.2. Capital management and financial needs. 1.3. Analysis of the Income Statement. USALI. 1.3.1. Departamental costs. 1.3.2. Summary Operating Statement. Marginal analysis. 1.3.3. Breakeven and other ratios. 1.4. The Profitability and Financial Leverage effect. 1.4.1. Operating profitability and key factors. 1.4.2. The financial performance before and after taxes. 1.5. Case Studies: "project-based learning" (PBL).

3. ECONOMIC AND FINANCIAL PLANNING. 2.1. How to implement the economic and financial planning. 2.1.1. Profit and Loss statement forecast. 2.1.2. Cash flow projections. 2.1.3. Capital budget. 2.1.3. Balance sheet forecast. 2.2. Diagnosis forecast. 2.2.1. Causes of the financial problems of the company. 2.2.2. Transitional and permanent financial needs. 2.3. Financing alternatives. 2.3.1. Active resources. 2.3.2. Equity funds. 2.3.3. Long-term financing. 2.3.4. Cyclical and express funds. 2.4. Financial policy. 2.4.1. Cash Flow projections in different scenarios. 2.4.2. Evaluating Hotel Development Plan. 2.4.3. Sensitivity analysis and its impact on the IRR. 2.5. Case Studies: "project-based learning" (PBL).

• Brealey, R. A., Myers, S. C., & Marcus, A. (2023). Fundamentals of Corporate Finance (12th ed.). McGraw-Hill Education.
• Mishkin, F. S., & Eakins, S. G. (2022). Financial Markets and Institutions (10th Global ed.). Pearson.
• Ross, S. A., Westerfield, R. W., & Jaffe, J. (2022). Corporate finance. McGraw Hill.
• Sharpe, A., Bailey, J., & Alexander, G. (2023). Investments. Prentice Hall.

Activitats d'avaluació:

General conditions for assessment

1. Assessment system
? Continuous assessment (mandatory)
? Global assessment (only in special cases):
• For repeating courses from previous years.
• In cases approved by the Academic Directorate.

2. Attendance required for continuous assessment
? Minimum 80% attendance in classes
? No justified absences for theory classes. Only absences accepted by the Academic Directorate are valid.
• If an accepted absence affects an assessment, an alternative will be offered.
? Results of the continuous assessment will be shared before the end of the teaching period.

3. Second chance (reassessment)
? Mandatory for students who fail or do not meet the attendance requirement.
? Exam dates will not be changed (except for serious, documented reasons).
• Examples of invalid reasons: driving test, travel, mild illness.


4. Support for special needs
? If a student has special needs, the Academic Directorate will inform the teaching staff.
? Assessment will be adapted to ensure equal opportunities.

5. ZERO tolerance for cheating
? If a student cheats in any assessment --> Fail (grade 0) with no second chance.
? A disciplinary process will begin.

6. Submission of assignments
? Deadline: maximum 24 hours after the original due date.
• More than 24 hours late --> Grade 0.
• Less than 24 hours late --> Maximum grade of the assignment: 5 (if passed).
? Teachers may apply stricter rules.

Continuous Assessment

? Minimum class attendance required is 80%.
? A minimum of 4 out of 10 is required in the final exam. If this is not achieved, the exam grade will be considered as 0 in the weighted average.
? Students who do not pass the subject (fail mark or lack of attendance) will have to take the re-sit assessment.
If they do not take the re-sit, the final grade will be “Not Presented” (N.P.).

Global Assessment

? Students repeating the subject are entitled to take a final exam.
? If they fail the exam, they will be re-evaluated in the re-sit assessment.
If they do not take the re-sit, the final grade will be “Not Presented” (N.P.).

Re-sit assessment

? For students who:
• Cannot do continuous assessment due to lack of attendance (80% required)
• Have failed continuous or global assessment.
? The maximum score in the re-sit is 5 out of 10.

Criteris específics de la nota «No Presentat»:
If a student fails the subject and does not take the reassessment test(s), the final grade will be “Not Presented” (N.P.).

Avaluació única:
The ordinary evaluation system is Continuous Evaluation for all students. Global Evaluation (no class attendance required) is limited to students from previous courses and, in some very special cases, students who are explicitly authorized by the Academic Board of Directors to undergo global evaluation in this subject.

Requisits mínims per aprovar:
Per considerar superada l’assignatura, caldrà obtenir una qualificació mínima de 5.0

Students can send an email to the teaching staff to request a meeting. The tutorial can take place either in person or online.

All necessary information will be explained during class. If needed, an email will also be sent to the whole group or to the relevant students.
Students must contact EUHT StPOL and teachers exclusively through the institutional email. The institution does not take responsibility for communications made through other digital channels.

The course Managerial Accounting and Finance provides a synthetic overview about the economic and financial management usual problems of the company, incorporating the most relevant criteria for analysis and decision making that affects the hotel profitability, in the short and long term perspective.

We focus on the "learning by doing" approach, so it is essential that students not only understand the concepts, but mainly its practical applicability. In this sense, each class session is structured dynamically, combining explanations of basic concepts, work in small groups and the final joint debate on the main conclusions of case studies, as well as highlight possible clarifications.