Description

Our online Finance for Non Financial Managers in Hospitality course delivered by arena4finance founder, Debra Adams, aims to improve commercial knowledge to ensure that hospitality departmental heads are able to budget, forecast and control business performance using the relevant terminology and ratios for the industry.

Debra has over 30 years experience of hotel finance training with a background in hospitality, finance and education.

The course includes a review of the summarised hotel profit and loss account and the individual departmental reports with a focus on conversion to gross operating profit.

All examples are based on the recommendations of the Uniform System of Accounts for the Lodging Industry (USALI).

Each participant will receive a one month subscription to the finance4hospitality academy resources.

This course is also available for delivery within your own organisation through live workshops and / or online.

To find out more fill in the form below, or email hello@arena4finance.co.uk and we will contact you to discuss the dates available.

Course Details

Divided into four key topic areas, the course covers:

• Profit and Loss Account – interpretation and forecasting
• Balance sheet terminology
• The importance of managing cash and working capital
• Key ratios and percentages

The Outcome

Finance for Non Financial Managers in Hospitality is ideal for those wishing to learn more about Monthly Management Accounts in the Hospitality Industry. On completion of the course, delegates will be able to:

• Interpret the monthly hotel and departmental profit and loss account
• Prepare profit, cash  and asset budgets
• Use forecasts for revenue and costs to optimise the use of assets and profitability
• Price products and services to achieve GOP targets
• Calculate the breakeven point for a new concept
• Reduce food and beverage wastage and improve gross profits
• Control, monitor and manage payroll costs more effectively

Course Delivery

Finance for Non Financial Managers in Hospitality has been developed by Debra Adams, author of the highly acclaimed textbook ‘Management Accounting for the Hospitality, Tourism and Leisure Industries 3rd edition: A Strategic Approach’, and is delivered during a one day workshop or two half days online.  Taking a practical approach, the course is highly interactive and consists of a series of worked examples, case studies and discussions.

Email us for more information hello@arena4finance.co.uk

What our clients say:

“Debra Adams is simply amazing at helping non financial managers to not only understand, but actively engage with, the commercial and financial aspects of their operation. She has a wealth of in-depth knowledge of both operational and strategic finance, specifically in the hospitality industry where margins are tight and cash flow imperative. Knowing the content is one thing, but knowing how to teach others is what Debra excels at, with her years of experiences as a professional lecturer, trainer, coach and teacher.

For over 10 years, she has been my go-to person for training any group of managers at all levels to explore and understand the financial story of their business. She is an invaluable member of our delivery team for the Award-winning Master Innholders Aspiring Leaders Diploma and the MIDAS series.”

Dr Hilary Cooke, Founder at Merlin Business Consultancy Ltd

Other Information

You will receive access to our online finance4hospitality academy with additional learning resources ideal for Non Financial Managers in Hospitality.