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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 course ‘Finance for Non-Financial Managers’ aims to reduce skills gaps relating to commercial know-how. Our one day course will increase the commercial awareness of non-financial managers and improve understanding and interpretation of budgets and reports that all departments deal with on a regular basis.

The objective of the course is to develop commercial awareness and to facilitate delegates’ understanding of the key financial competences required to manage a business successfully, such as forecasting and cost control.

For more information about the course click the link below.

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Course Details

Structured into three main topic areas, the course includes:

Introduction to the Profit & Loss account:

  • The basic principles
  • Explanation of financial terminology based on the Uniform System of Accounts (USALI)
  • Business controls to manage revenue and cost
  • How to trade and make a profit
  • Calculation and interpretation of business figures
  • Brief overview of the difference between CAPEX and operational spend

Introduction to the Balance Sheet:

  • Long term vs. short term assets
  • Working capital
  • Profit measurement in relation to investment

Introduction to the Cash flow:

  • Planning for cash requirements
  • Controlling cash and other current assets
  • Working capital controls
  • Simple KPI’s to measure performance such as REVPAR, TREVPAR and GOPPAR

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Open courses: The next available course dates are listed here.

Bespoke company courses: Contact us to discuss your requirements.

The Outcome

On completion of the course, delegates will be issued with a certificate of attendance. They will also be equipped with skills to 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, written by Debra Adams, author of the highly acclaimed textbook 'Management Accounting for the Hospitality Industry'. Debra is the Head Trainer for arena4finance, she has a background in Catering Management and is a qualified accountant. Debra has been delivering courses in financial management for hospitality and related topics for over 30 years.

This is a one day course, delivered through workshops, case studies and discussion. Delegates are encouraged to bring examples of their own internal reports. The course content can be adapted to suit the needs of your individual organisation, using internal reports and accounts for discussion and analysis.

Other Information

Would you like to study this course online? Contact us for more details.

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