Does Prior Accounting Knowledge matter? Analysis of Educational Effectiveness of a Finance Course for Hospitality Students

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Vol: 16, Issue: 1

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Hara, Tadayuki
abstract description
While most of hospitality Management Schools and colleges require students to take accounting courses, not all the programs require them to take finance courses, which may be otherwise offered as elective courses. Even though some commonalities and associations are assumed between accounting courses and finance courses, not much quantitative verification of such allegations have been made in a hospitality educational setting. We do not know for sure whether a level of a student’s knowledge of and prior exposure to accounting would actually make a difference in their finance courses. We verify whether there are any links between a student’s proficiency in accounting and his/her proficiency in finance. It would be beneficial for the school to check whether the variances of skill levels in several key areas among students exists at the beginning of the finance course, and if they exist, to check whether such variances would widen or shrink at the end of the course. The data have been collected from all the sections of required hospitality finance course for seniors (HFT4462) and for graduate students (HFT6477) over six semesters, starting from spring of 2006 until Fall of 2007, including Summer sessions. Maximum number of students for senior course was mostly 45, and for graduate course it was 20. There were usually 2 sections of senior courses and one section of graduate course offered concurrently in one semester. Descriptive statistics are shown above. Further analysis shows evidences to some research questions. Variances existed before the course, and those variances appear to decrease after the class, though not for all the areas. Students’ confidence in accounting surely helps them navigate through finance but there appear to be some other explanations for students’ success in finance courses.