FINANCIAL MANAGEMENT FOR CULINARY OPERATIONS
| Course Code |
MGMT314 |
| Credits |
3.00 |
| Hours / Week |
3 |
This course is designed to equip students with the tools and knowledge to plan and analyze the financial position of organisations within different market situations, so as to balance the affect of different financial decisions, in order to support operating and strategic decisions at achieving the organisational goals.
Fundamental concepts and principles will be delivered during the early stage of the course, followed by the introduction of various financial systems, instruments and analytical tools. Emphasis will then be put on the relationship of risk and return by considering the cost and time value of money. Different risk hedging tools, budgeting techniques, as well as the interrelationship of finance and social responsibility will be introduced to complete the knowledge on financial management process. Knowledge in this course will be delivered in both theoretical and practical ways, so as to equip the students to the real world market.
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