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Finance for Non-Financial Managers in Hospitality

arena4finance is the home for training in commercial skills for the hospitality industry.

Our online ‘Finance for Non-Financial Managers’ seminar aims to improve commercial knowledge to ensure that business decisions regarding pricing and costing are made with insight. The coaching from our tutors will increase the commercial awareness of non-financial managers and improve the understanding and interpretation of budgets and monthly reports that all departments deal with on a regular basis.

All examples are based on the recommendations of the Uniform System of Accounts for Hotels

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Course Details

Structured into three main topic areas, the course includes:

Introduction to the P&L account:

• The basic principles

• Explanations of financial terminology

• Business tactics to manage revenue costs

• How to trade & make a profit

• Calculation and interpretation of KPI’s

• Brief overview of the difference between CAPEX and operational spend

Introduction to the Balance Sheet:

• Assets, liabilities and equity

• Managing working capital

• Profit, cash and investment

Introduction to Cashflow:

• Planning for cash requirements

• Controlling cash & other assets

• Working capital forecasting

• Sources of funds to manage liquidity

• Simple KPI’s to measure performance

The Outcome

On completion delegates will have the opportunity to complete an online assessment to earn a Certificate of Achievement. They will also be able to:

• Think, talk and act more commercially aware within the workplace

• Understand and interpret financial reports

• Calculate and analyse key financial figures

• Develop action plans based on financial performance

Course Delivery

'Finance for Non-Financial Managers’ is a highly interactive course that is delivered through four 90 minute online presentations and workshops, case studies and discussions. Delegates are also encouraged to discuss their own reports privately with their tutor.

Bespoke company courses: Contact us to discuss your requirements.

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