Hospitality Finance and Accounting Controls
Part 1: in about 200-250 words
Using the hospitality organization Carnival Cruise Line, conduct exploratory research on the hospitality information systems the organization uses as a control mechanism. Go to the company website of the technology system and conduct research.
Write a brief overview of the hospitality organization's use of information technology systems using the following criteria:
Identify the type and brand of the information technology they use. Provide an in-depth explanation of the information system.
Discuss the hospitality organization's purpose for using the system and how the system is used in various ways in order to support the organizational control framework.
Explain how management uses the system to assist in making managerial decisions, and for future planning.
How is the hospitality organization using the technology to innovate (i.e., Self-service kiosks, etc.)?
Part 2: in about 200-250 words
The POLC model as discussed in the seminar includes "C" for control. One way that management controls a business is through financial control. Search the Internet for videos on what financial managers need to know.
As you watch take note of three of the most important lessons that you learned about financial control, and accounting versus finance.
After watching the videos, discuss the three lessons you learned about financial control, and accounting versus finance.
After watching the videos, discuss the three lessons you learned and discuss your perception of the difference between accounting and finance.
You may use the following reference for both parts: Barrows, C. W. (02/2011). Introduction to Management in the Hospitality Industry, 10th Edition. [VitalSource Bookshelf Online]. Retrieved from https://kaplan.vitalsource.com/#/books/9781118083871/