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Real-world Training to Hospitality Students

publication date: Sep 23, 2012
 | 
author/source: HospitalityEducators.com Resources
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University of South Florida Sarasota-Manatee Partners with M3 Accounting to Provide Real-world Training to Hospitality Students

 

M3 Accounting Services, the national leader in hotel accounting software, is providing hands-on training to several universities across the United States, thanks in part to a partnership with the University of South Florida Sarasota-Manatee. M3 Accounting Services
 
Based on curriculum developed by USFSM’s College of Hospitality and Technology Leadership, hospitality students at University of Nevada-Las Vegas, Northern Arizona University, and University of Central Florida, along with USFSM, will be using specialized “M3 University” hotel software.
 
The M3 University hands-on educational software is programmed with one month of data for a hypothetical 100-room hotel. Through the coursework, hospitality accounting and finance students will learn to analyze data and make management decisions based on simulated scenarios.
 
“With M3 University, students will virtually step into the role of hotel management,” said Dr. Cihan Cobanoglu, dean of USF Sarasota-Manatee College of Hospitality and Technology Leadership. “They will perform the tasks of the accounting department’s night auditor and paymaster, and use analytics to make operational and general management decisions. This invaluable tool will enforce the theoretical concepts covered in the classroom and offer students a real-world experience.”
 
Scott Watson, vice president of sales for M3 Accounting Services, says the software “brings textbook lessons to life – to really practice the skills needed in hospitality accounting and management. And this experience will give students an edge when they enter the work environment, where M3’s products are used on a daily basis.”
 
Hotel owners, operators and managers at more than 3,000 properties throughout North America currently use M3’s web-based software to improve data-based decision-making.
 
About M3 Accounting Services
M3 is the national leader in hotel-specific accounting software, processing more than $8 billion in financial transactions for more than 3,000 properties. M3’s integrated suite of hospitality accounting products includes: AccKnowledge, M3 Link, payroll and labor management services, and document imaging – all designed to help provide hotel operators, owners and managers unsurpassed access to the information they need. The company was founded in Gainesville, Georgia in 1998. More at www.M3AS.com.
 
About the University of South Florida Sarasota-Manatee
USF Sarasota-Manatee (USFSM) is a comprehensive university for those interested in pursuing a baccalaureate or master’s degree, professional certification, or continuing education credit. USFSM offers the prestige of a nationally ranked research university with the benefits of a hometown university. 

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