| This level would provide students with a more in-depth understanding of cost control. Students would learn about the different types of costs, how to identify and control costs, and how to use cost control to improve profitability. They would also learn about the importance of cost control in the hospitality industry. |
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Module 1: Cost Concepts in the Hospitality Industry
- Understand the different types of costs incurred in the hospitality industry.
- Identify the factors that affect cost behavior in the hospitality industry.
- Develop and use cost control techniques to manage costs in the hospitality industry.
- Module 2: Cost Accounting Principles
- Understand the principles of cost accounting.
- Calculate the cost of goods sold and other costs associated with a hospitality business.
- Use cost accounting information to make pricing and other business decisions.
- Module 3: Cost Control Techniques
- Understand the different types of cost control techniques.
- Select and implement cost control techniques that are appropriate for a particular hospitality business.
- Monitor and evaluate the effectiveness of cost control techniques.
- Here are some specific learning outcomes that students can expect to achieve in each module:
- Module 1: Cost Concepts in the Hospitality Industry
- Identify the different types of costs incurred in the hospitality industry, such as food costs, beverage costs, labor costs, and occupancy costs.
- Understand the factors that affect cost behavior in the hospitality industry, such as volume, price, and efficiency.
- Develop and use cost control techniques to manage costs in the hospitality industry, such as standard costing, variance analysis, and budgeting.
- Module 2: Cost Accounting Principles
- Understand the principles of cost accounting, such as the cost of goods sold, variable costs, fixed costs, and sunk costs.
- Calculate the cost of goods sold and other costs associated with a hospitality business, such as labor costs, occupancy costs, and marketing costs.
- Use cost accounting information to make pricing and other business decisions, such as determining the break-even point and setting target profit margins.
- Module 3: Cost Control Techniques
- Understand the different types of cost control techniques, such as standard costing, variance analysis, and budgeting.
- Select and implement cost control techniques that are appropriate for a particular hospitality business.
- Monitor and evaluate the effectiveness of cost control techniques.
- High school or equivalent
- Strong communication and interpersonal skills
- Interest in the course topic
- Good level of English
| 50 GLH |