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Hospitality Finance Explained - A deep dive for Non Financial Hospitality Managers

arena4finance is the leading training provider in the UK offering finance and accounting courses to the hospitality industry. Company founder, Debra Adams, has been involved in developing and delivering these specialist courses for over thirty years.

arena4finance offers online training, coaching and mentoring for both hospitality finance professionals and operational managers. Our aim is to help you to understand and interpret financial information and management accounts. We have a great team of experts on hand to meet all your professional development needs for improving hospitality management accounting skills and knowledge.

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Course Details

Who is this course for?

Ideal for aspiring hospitality leaders of the future, this course is held online over a period of six weeks using our online learning management tools. The topics are studied in depth with examples, illustrations and discussions to provide participants with a deep understanding of the managerial accounts.

When and how do I enrol?

To book on to the next available course visit here.

Topics included are:

Module 1: Welcome and Induction Activities

Module 2: A detailed review of the Income and Expenditure report in full and by department

Module 3: Balance sheet and Cash Flow Management including Assets, Liabilities and Working Capital

Module 4: Benchmarking and KPI's to monitor revenue, costs and profitability

Module 5: Budgeting and Forecasting to improve revenue and bottom line results

All learning materials are based on the best practice from the Uniform System of Accounts for the Lodging Industry using examples of realistic data from hotels, catering and leisure. See our Events page for the start dates available.

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The Outcome

On completion of this course you will gain:

1. The skills to interpret the reports and language used in hospitality management accounts

2. The know how to interpret business data to make strategic decisions

3. The knowledge to be able to interpret business reports using a range of KPI's and benchmarks

4. The skills to build forecasts to improve revenue and profitability

This course is ideal for Heads of Department in the hospitality industry keen to develop and prepare for senior leadership roles where a knowledge of managerial finance will be essential.

Course Delivery

This course is delivered online over 6 weeks (including induction) where you will be guided on a weekly basis by your course tutor. Activities will include weekly modules, quizzes, webinars and discussions. You will need to allocate approximately 6 hours per week to the online learning.

Your Course Tutor is Debra Adams, ACMA.

Debra has been involved with the hospitality industry for almost 30 years and has delivered courses and training to numerous organisations in the hotel and restaurant sector including leading hotel schools such as Ecole Hoteliere Lausanne and Glion Institute in the UK and Switzerland. She is the author of the highly acclaimed textbook 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries' now available here in 2nd edition. The third edition is to be published by Goodfellow Publishing in 2021.

She has recently been appointed as Trustee and Member of the Supervisory Board at the Institute of Hospitality and looks forward to working with the team at IOH over the coming months.

What our clients say:

Debra Adams is simply amazing at helping non-financial managers to not only understand, but actively engage with, the commercial and financial aspects of their operation. She has a wealth of in-depth knowledge of both operational and strategic finance, specifically in the hospitality industry where margins are tight and cash flow imperative. Knowing the content is one thing, but knowing how to teach others is what Debra excels at, with her years of experiences as a professional lecturer, trainer, coach and teacher.

For over 10 years, she has been my go-to person for training any group of managers at all levels to explore and understand the financial story of their business. She is an invaluable member of our delivery team for the Award-winning Master Innholders Aspiring Leaders Diploma and the MIDAS series.

Dr Hilary Cooke, Founder at Merlin Business Consultancy Ltd

Other Information

What does the course include:

  • Study pack for each topic
  • Access to the arena4finance online learning space with additional resources
  • Specialist online tutor support
  • Learners’ discussion forum
  • Quizzes and activities to check your learning
  • On completion of the course you will receive a certificate of achievement.

What is the cost?

Each course place costs £495 + VAT

Course Booking

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