Finance Training for Non- Finance Hoteliers
Programme Objectives
Our purpose is to increase the financial awareness of Mid/High Level Hotel Managers whose key profession is not Finance. Aim is their active participation to the Hotel Management.
Main objective is to lead participants to explore how they can use the information to analyse the financial indicators, statements and reports.
Training is enriched with Hotel specific examples/ group exercises and Participants are encouraged to share their experiences.
Who Should Attend
Finance for Non-Finance Hoteliers training is for Mid/High level Hotel Professionals who do not have comprehensive knowledge about Finance, regardless of their profession and background who would like to contribute more to themselves, their departments and upper management, and have targeted higher positions in their careers.
Main Topics
* Role of Finance
* Key Financial Statements and Reports
* Profit& Loss Statements- GOP
* Hotel Specific Revenues and Expenses
* Performance Indicators/ KPI's
* How to Read Financial Statements
* Plan / Budget
* Investment Budget- Feasibility Studies
* Fixed Assests
* Performance Targets
* Balance Sheet/ Cashflow