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Presentation
Presentation
The course "Financial Management and Analysis of Tourism Companies" aims to provide students with essential knowledge to understand the financial principles applied to the tourism sector. Through a theoretical-practical approach, students will learn to manage the finances of tourism-related businesses, enabling them to: - Understand the fundamental concepts of financial management and their applications in the context of tourism companies. - Analyze and interpret financial statements to evaluate the financial health of companies in the tourism sector. - Identify and analyze specific financial risk indicators faced by tourism companies. - Integrate financial information to effectively communicate the financial situation, profitability, and sustainability of tourism companies to different stakeholders. - Develop strategic financial decision-making skills to address challenges in the tourism market.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 5
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Year | Nature | Language
Year | Nature | Language
3 | Mandatory | Português
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Code
Code
ULHT225-13756
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
Introduction to Financial Management of Tourism Companies Structure and Analysis of Financial Statements in the Tourism Sector Cost and Budget Management in Tourism Companies Sources of Financing and Investment in Tourism Analysis of Financial Health of Companies Competitive Analysis Financial Planning and Strategic Decision Making in the Tourism Sector
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Objectives
Objectives
At the end of the course, it is expected that students will be able to: 1. Explain the key concepts of financial management applied to tourism companies. 2. Utilize financial analysis techniques to assess the economic and financial performance of tourism companies. 3. Calculate financial risk indicators of companies and characterize this risk from the perspective of different stakeholders. 4. Interpret financial statements to make informed decisions regarding investments and financing. 5. Apply financial management tools to address specific challenges faced by companies in the tourism sector.
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Teaching methodologies and assessment
Teaching methodologies and assessment
1. Real Business Simulations with Actual Data: Students will have the opportunity to use publicly available sector-specific data from the Banco de Portugal website to develop real case studies for competitive analysis in tourism companies. 2. Utilization of Digital Tools: The incorporation of digital tools such as Microsoft Excel and Power BI will be integrated into activities for financial information analysis and reporting. Students will learn to analyze and interpret financial data using Excel to conduct more detailed analyses. Additionally, Power BI will be used for creating interactive and visually appealing reports. 3. Project-Based Learning: Group projects will be developed throughout the course, involving the practical application of financial concepts in real-world scenarios within the tourism sector. 4. Multimedia Resources: Video resources will be provided to further enhance the understanding of financial concepts and the use of digital tools.
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References
References
Teixeira N., Silva Ribeiro J., Santos M., PEDRO P. (2021), "O Valor e a Sustentabilidade Financeira", Edições Sílabo Fialho, Ana, et al. "A contabilidade e a informação económica e financeira." (2019) Vieira, Isa da Silva. O desempenho económico-financeiro dos hotéis face à evolução do turismo em Portugal. Diss. 2020. Lopes, Carlos Barros, and Vânia Costa. "Os impactos dos fundos comunitários Europeus no desenvolvimento do turismo." Revista Turismo & Desenvolvimento 36.1 (2021): 301-312. Almeida, Rute Isabel Pedro. Análise económico financeira em estabelecimentos termais portugueses. Diss. Instituto Politecnico de Leiria (Portugal), 2021.
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Office Hours
Office Hours
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Mobility
Mobility
Yes