Highlights
TASK:
This is an individual assignment in which each individual is required to form a New Hotel business with 100 room capacity and answer some accounting related questions.
Assessment Criteria:
This task will generally be assessed in terms of the following criteria:
1. Effectiveness of communication: readability, grammar, spelling, neatness, completeness and presentation.
2. Demonstrated competency and understanding: This will be evidenced by the student's ability to be dialectical in the discussion of contentious issues. The marker will pay attention to the accuracy of the content, coverage of relevant issues, structure of argument, English expressions, and absence of plagiarism, concise writing style, and referencing style.
3. Evidence of research - This will be evidenced by the references used and the inclusion of a bibliography.
Assignment Requirements:
1. The assignment requires you to form a Hotel business and to write a brief introduction about it (name, services or products, legal form, merchandising or manufacturing, retail or wholesale, size, industry, etc...)
2. In deciding on the legal form for your Hotel business, discuss the reasons for your choice.
3. Discuss the different financing options to set up your Hotel business and the reasons for your choice (s).
4. Briefly define the role of accounting as it relates to your Hotel business (your answer should include accounting information, users of information, accounting process, financial accounting and management accounting, etc..
5. Discuss whether financial statement analysis would be useful for the management of the business (include in your answer the types of analysis that can be used and how they are useful).
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