This unit (VHH1005) will provide students with a broad theoretical understanding of basic accounting concepts and the opportunity to apply these in the context of managing a hotel or hospitality business. Students will examine the roles of accounting and management planning to support organisational decision making. Students will learn to source, analyse and interpret the information required to create a range of financial reports, and to prepare, monitor and manage finances within a budget.

Unit details

Study level:
Credit points:
Unit code:

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Demonstrate a broad theoretical and technical understanding of basic accounting concepts and principles;  
  2. Create a set of financial reports for a hotel or hospitality business;  
  3. Prepare, monitor and review a budget for a hotel or hospitality business;  
  4. Calculate and review finances within a budget, demonstrating the ability assess and respond to budget deviations; and  
  5. Present financial information to others in a manner appropriate to the audience.  


Assessment type Description Grade
Test Weekly online tests 20%
Project Simulated industry project – progressive case study 50%
Examination Final examination 30%

Required reading

Accounting: Business Reporting For Decision Making, 6th Edition,
Birt, J., Chalmers, K., Maloney, S., Brooks, A., and Oliver, J., (2017)
Wiley Direct Australia Ltd.

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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