Prepares students to understand, interpret, and analyze financial statements, budgeting, cash flow, and cash management. This gives students a chance to become familiar with financial statements prior to entering the work force so they have a working knowledge in this area.

 
Learning Outcomes:

• Explain the role of accurate budgets and prepare one.
• Identify budgetary problems, determine likely causes and prepare a plan for correcting them.
• Understand the foodservice accounting system.
• Understand credits/debits.Understand how to monitor expenditure accounts.
• Demonstrate the ability to develop plans for purchasing.
• Demonstrate how to do a budget comparison for a specific time period.
• Understand what creditors look for when making a decision.
• Understand ratios and how to use them as a monitoring tool.
• Understand the importance of ethical practices in business.