- TFAC2003
- Mgmt Acct-Cost & Decis Making
- TFAC2003
- Mgmt Acct-Cost & Decis Making
- 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 1 | 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
4. Differentiate between fixed, variable and semi-variable costs.
7. Explain the importance of pricing and the factors that influence the pricing decision. and be able to calculate selling price of various hospitality, tourism and leisure based products and services applying appropriate accounting models such as cost- plus, break-even and profit oriented pricing.
6. Describe, explain and use the concept of relevant costs and revenues for decision making.
3. Describe the process of overhead allocation and absorption costing, and calculate the full cost of a product/service within the hospitality, tourism and leisure sectors
2. Identify and describe the elements of costs and the various cost classification systems.
1. Explain the role of management and accounting within the hospitality, tourism and leisure sectors and how the accounting information system is an essential element within the whole management information system.
On completion the learner will be able to:
5. Describe the relationship between cost, volume and profit and prepare and present various cost volume profit and break-even analyses.
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.