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Hotel Financial Management: Income Statements and Balance Sheets

Hotel Financial Management: Income Statements and Balance Sheets

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Duration

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Course Access

180 Minutes

CPD UK & QLS

Included

1 Year

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Quality Guarantee

Promising training excellence, satisfaction gurantee

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Accredited by

CPD UK & Quality License Scheme

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Tutor Support

Unlimited support via email, till you complete the course

Recognised Certification

Recognised Certification

Accepted by thousands of bodies

Start Anytime

Start Anytime

Till you complete your exam

Job Opportunity

Job Opportunity

High Chances of Getting Hired After Course Completion

Enhance your hotel business strategies with better financial statements with our Hotel Financial Management: Income Statements and Balance Sheets course. Our course is designed to provide you with insights into standard templates and revenue management to control expenses. Additionally, you will learn how to make various reports and analyses with effective training.

What you will learn from this course?

  • Gain comprehensive knowledge about finance analysis and management
  • Understand the core competencies and principles of finance analysis and management
  • Explore the various areas of finance analysis and management
  • Know how to apply the skills you acquired from this course in a real-life context
  • Become a confident and expert financial manager or business manager

Hotel Financial Management: Income Statements and Balance Sheets Course

Master the skills you need to propel your career forward in finance analysis and management. This course will equip you with the essential knowledge and skillset that will make you a confident financial manager or business manager and take your career to the next level. This comprehensive hotel financial management course is designed to help you surpass your professional goals. The skills and knowledge that you will gain through studying this hotel financial management course will help you get one step closer to your professional aspirations and develop your skills for a rewarding career.

This comprehensive course will teach you the theory of effective finance analysis and management practice and equip you with the essential skills, confidence and competence to assist you in the finance analysis and management industry. You’ll gain a solid understanding of the core competencies required to drive a successful career in finance analysis and management. This course is designed by industry experts, so you’ll gain knowledge and skills based on the latest expertise and best practices. This extensive course is designed for financial manager or business manager or for people who are aspiring to specialise in finance analysis and management.

Enrol in this hotel financial management course today and take the next step towards your personal and professional goals. Earn industry-recognised credentials to demonstrate your new skills and add extra value to your CV that will help you outshine other candidates.

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This comprehensive hotel financial management course is ideal for anyone wishing to boost their career profile or advance their career in this field by gaining a thorough understanding of the subject. Anyone willing to gain extensive knowledge on this finance analysis and management can also take this course.

Whether you are a complete beginner or an aspiring professional, this course will provide you with the necessary skills and professional competence, and open your doors to a wide number of professions within your chosen sector.

This hotel financial management course has no academic prerequisites and is open to students from all academic disciplines. You will, however, need a laptop, desktop, tablet, or smartphone, as well as a reliable internet connection.

This hotel financial management course assesses learners through multiple-choice questions (MCQs). Upon successful completion of the modules, learners must answer MCQs to complete the assessment procedure. Through the MCQs, it is measured how much a learner could grasp from each section. In the assessment pass mark is 60%.

Introduction & Fundamentals

  • Introduction
  • Introduction to Hotel Operations
  • Fundamentals of Accounting Concepts
  • What is Allocation of Expenses
  • What Are Prepayments

Key Terms Used in Hospitality

  • Key Terms Used in Hospitality
  • Rooms Division Key Terms – Occupancy & Related Terms
  • Room Division Key Terms ADR and Related Terms
  • F&B Business – Key Quantity Drivers
  • Food & Beverage Division – Key Revenue Terms
  • What are Various Revenue Segmentation – Transient Business
  • Hotel Revenue Segmentation – Group Business
  • F&B Revenue Segmentation Fundamentals

Standard Templates and Analysis Fundamentals Steps

  • Standard Profit & Loss Templates Prescribed by Usali for Lodging Industries V11
  • Revenue Reports Analysis Fundamentals
  • Horizontal Analysis in Practice Through Room Segment Analysis
  • Vertical Analysis Explained via Room Segment Report
  • Combined Analsysis Simplified – Market Segment Report

Revenue Management & Analysis Reports

  • Why You Should Know the Business Source
  • Guest Nationality Report
  • Booking Lead Period and Booking Pace Concepts
    Market Benchmark & Competitor Comparison Report
  • Upselling & Upgrades
  • Menu Engineering Report

Expenses & Expense Control Reports

  • Labour Cost Basic Pay & Wages
  • Labour Cost – Service Charge
  • Labour Cost – Other Components
  • Labour Cost Analysis
  • Other Expenses and Control Reports
  • Cost Management Ideas Part 1
  • Cost Management Ideas – Part 2

Overall P&L Analysis

  • Profit & Loss Analysis Steps
  • Room Division Profit & Loss
  • F&B Profit & Loss Statement

CPD

CPD certificates are accepted by thousands of professional bodies and government regulators here in the UK and around the world. Many organisations look for employees with CPD requirements, which means, that by doing this course, you would be a potential candidate in your respective field.

QLS

The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries.

Endorsed Certificate From Quality Licence Scheme

CPD UK And Accredited Certificate Of Achievement

On successful completion of this course, you will be eligible to order your CPD UK accredited certificate of achievement to demonstrate your new skills. The CPD accredited PDF certificate of achievement can be obtained free of cost, which is included in the course. There is an additional fee to get a printed copy certificate which is £25.

CPD UK And Accredited Certificate Of Achievement

Endorsed Certificate From Quality Licence Scheme

On successful completion of the course assessment, you will be eligible to order the QLS Endorsed Certificate by Quality Licence Scheme. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries. This will provide you with a competitive edge in your career add extra value to your CV. You can also share this certificate with prospective employers and your professional network which will help you to drive a successful career in your chosen industry. There is a Quality Licence Scheme endorsement fee to obtain an endorsed certificate which is £65.

Course Success Stories

Course Price
Buy 1 Year Access

Lifetime All Courses Access

Give Your Name Give Your Email Give Your Phone
Mail was sent

Course info

Duration

Duration

Accredited by

Accredited by

Tutor Support

Tutor Support

Course Access

Course Access

180 Minutes

CPD UK & QLS

Included

1 Year

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Course Review

FAQs

CPD is globally recognised by employers, professional organisations and academic intuitions, thus a certificate from CPD Certification Service creates value towards your professional goal and achievement. CPD-certified certificates are accepted by thousands of professional bodies and government regulators here in the UK and around the world.

Although QLS courses are not subject to Ofqual regulation, they must adhere to an extremely high level that is set and regulated independently across the globe. A course that has been approved by the Quality Licence Scheme simply indicates that it has been examined and evaluated in terms of quality and fulfils the predetermined quality standards.

For CPD accredited PDF certificate it will take 24 hours, however for the hardcopy CPD certificate takes 5-7 business days and for the Quality License Scheme certificate it will take 7-9 business days.

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