HOST.6109 Assessment Brief

Bachelor of Applied Hospitality & Tourism Management Level 6

Course Aim

This course explores the financial aspects of managing tourism and hospitality enterprise. Special consideration is given to the experiential nature of tourism and hospitality as well as issues around change and seasonality. The emphasis of this course is on introductory financial management and investment strategy and evaluating opportunities to improve business performance.

Overview

The approach to assessment in this course will be via primarily practical evidence, as well as written evidence. The aim of the assessments is to assess your achievement of the learning outcomes of this course. The assessments facilitate the collection of evidence on which a decision is made about your performance and achievements, and how these relate to the requirements of the course.

Assessment for this course is achievement-based. This course is assessed using achievement-based assessment. Learners must complete, submit and gain at least 50% in each assessment to successfully achieve this course. Furthermore, learners will need to pass each task within the portfolio assessment with a mark of 50% or more, in order to successfully achieve the portfolio component.

Assessment 2

Learning Outcomes

On successful completion of this course, students will be able to:

1. Analyse and interpret a range of information to inform forecasting and investment decisions for tourism or hospitality enterprise.
2. Develop budgets and monitor the financial performance of hospitality or tourism operations using introductory cost management techniques and performance measures.
3. Research, evaluate and select investment opportunities for tourism or hospitality enterprise to improve performance and profitability.

Learning Hours:

Learning Hours: Total 150

The expectation with this course is that you will allow 8-10 hours per week to work on your assignments ensuring you meet the assessment submission timelines and 6-8 hours per week on self- directed learning such as independent research and study, course readings, Moodle activities, accessing study support and study groups.

Assessment policy and conditions shall be in accordance with Toi Ohomai’s Academic Regulations.

Assessment Tasks

Learning Outcomes – Relationship to GPO’s – and Credit Value

Part A : Written Test (25%)

Learning Outcome Assessed:

1. Analyse and interpret a range of information to inform forecasting and investment decisions for tourism or hospitality enterprise.

Short answer and multiple-choice test 

Weighting 25% This will be a two-hour test.

Test Conditions:

Closed Book – No written or digital materials are to be used during test.

All digital devices must be placed at the front of the room. You are allowed a calculator ONLY. (Not from your phone)

Students will not be allowed to leave the room once the test has commenced.

Immediately prior to the test starting you will be given 10 minutes reading time, to consider the test questions. During this time there will be no writing allowed.

Part B: Financial Report (45%)

Learning Outcomes Assessed:

1. Analyse and interpret a range of information to inform forecasting and investment decisions for tourism or hospitality enterprise.
2. Develop budgets and monitor the financial performance of hospitality or tourism operations using introductory cost management techniques and performance measures.
3. Research, evaluate and select investment opportunities for tourism or hospitality enterprise to improve performance and profitability

Assessment Instructions

This is a combined assessment with HOST.6107 and the Financial Plan requirements will be based on the proposed business plan you have developed. The five (5) financial reports listed under the Financial Plan section is required.

Your written business plan needs to contain the following sections:

You will need to include the following as appendices to your business plan:

• Start-up budget & Source of Funds
• Break-Even Point calculations in units and Net Present Value (NPV)
• Cash flow forecasts
• Income statement
• Balance sheet

NOTE: Source of funds must be through a NZ bank at a current business rate, Cashflow forecasts, Income sheet, Balance sheet provided for 12 months (a year) and NPV calculated at the end of the year at 10 % discount rate. Break-even point to be calculated in units.

Assessment 2: Evaluation And Reflection (30%)

Learning Outcome assessed:

3. Research, evaluate and select investment opportunities for tourism or hospitality enterprise to improve performance and profitability.

Assessment Instruction

This assessment will be a reflective piece, no more than two pages, based on the proposed business plan and the budgeted financial reports you have produced. (150-200 words per paragraph)

Task One – Evaluation:

Support this investment recommendation/business plan using the following criteria/format and answering the question: is this a sound business investment?

Paragraph one- Support your answer using the market analysis provided in your business plan

Paragraph two – Support your answer using the competitor analysis provided in your business plan Paragraph three – Support your answer using the financial data compiled in your business plan

Task Two – Reflection

Using your completed plan, reflect on this investment concept and in one paragraph, suggest anything you would change that could further improve the performance and profitability of the business. Justify your reasoning using the business plan as your reference.

To note: Assignments to be completed in MS Word, Arial or Times New Roman, A4 paper, size 11/12 font, 1- 1.5 spacing or as directed in the task description.