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Finance for Non-Financial Managers in Hospitality - 2 half day Online Course

arena4finance is the home for expert training in finance and management accounting for the hospitality industry.

Our online ‘Finance for Non-Financial Managers in Hospitality’ 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 (USALI).

Finance for Non-Financial Managers Flyer

This course is delivered over two half days online. To see when the course is next available visit here.

Book course to register your interest and we will contact you to discuss the dates available.

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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 and costs

• How to trade & make a profit

• Calculation and interpretation of KPI’s

• Brief overview of the difference between capital expenditure (CAPEX) and operational spend

Introduction to the Balance Sheet:

• Assets, liabilities and equity

• Managing working capital

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 and benchmarking

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 and deliver ROI to the business

Employers will benefit from improved employee retention levels, better succession planning, saving on recruitment costs and a more motivated and knowledgeable workforce.

Course Delivery

'Finance for Non-Financial Managers in Hospitality’ is a highly interactive course that is delivered through four 90 minute online presentations and workshops, case studies and discussions held over two half days online.

Day 1 - 9.00 - 10.30 and 11.00 - 12.30 followed by an online quiz

Day 2 - 9.00 - 10.30 and 11.00 - 12.30 followed by an online quiz

Delegates are also encouraged to discuss their own reports privately with their tutor.

Bespoke company courses: Contact us to discuss your requirements.

Other Information

“On behalf of CMAE England, may I thank you so much for a very successful finance seminar. The seminar was a triumph and we have received some of the best feedback from our members. These include: ‘Fantastic course for a day session’ ‘Excellent course, very informative’ ‘Training given with enthusiasm and presented in a very professional way’ ” Alastair Curbbun CMAE England Education

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