Assignment:
Hospitality Finance and Accounting Controls
Part 1: Write in about 200 to 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: Write in about 200 to 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/