• TFAC1007
  • Fundamentals of Accounting

  • Credits (ECTS): 5
  • Hospitality Mgmt. and Tourism

Modules are delivered
as part of a programme.
To apply for the
programme,
see the DIT website

Learning Outcomes And Assessment

Assessment

Description Weight [%]
Examination 60
Assessment 40
Minimum thresholds may apply.
For further details please refer to your Student Handbook or the Programme Document which is available from the DIT Library.
Learning Outcomes

5. Differentiate between capital and revenue income and expenditure, income and expenses, and describe each one's effect on the final accounts of a hospitality, tourism or leisure business.
7. Describe, and account for value added tax with specific reference to the hospitality, tourism and leisure sectors.
6. Prepare bank reconciliation for a hospitality, tourism or leisure business.
4. Describe and apply the fundamental accounting concepts that underlie accounting practices.
3. Prepare the final accounts of a sole proprietor within the hospitality, tourism and leisure sectors, from transactions, through trial balance and final accounts, while applying adjustments to those accounts.
1. Explain the importance of financial accounting within the hospitality, tourism and leisure business sectors.
2. Outline the components of the accounting system, record business transactions and identify the benefits of computer accounting packages.
On completion, the learner will be able to:

Please note that the catalogue is provided as a guide to modules in DIT. Not all modules listed will necessarily be offered every year and new modules may also be added. Information subject to change. For detail on specific programmes/modules please contact the relevant School directly.