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Date
18 June 2024
Location
Online

Finance for Hotel General Managers in Hospitality (2 half day Online Course)

18 Jun 2024

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

Our online ‘Finance for Hotel General Managers in Hospitality’ seminar delivered by arena4finance founder, Debra Adams, aims to improve commercial knowledge to ensure that business decisions regarding pricing and costing are made with insight. Debra has over 30 years experience of hotel finance training with a background in hospitality, finance and education. The course will increase the commercial awareness of senior managers and improve the understanding and interpretation of budgets, forecasts and monthly reports for all departments across the business.

All examples are based on the recommendations of the Uniform System of Accounts for the Lodging Industry (USALI).

Total cost £325.00 + VAT @ 20% per person

To book the next available course, email [email protected].

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Key Dates

Day 1 - 18th June 2024 (9.00 - 12.30)

Day 2 - 19th June 2024 (9.00 - 12.30)

To book email [email protected]

Entry Requirements

Structured into four main topic areas with a focus on the P&L and operational ratios, the course includes:

1. Deep dive into the hotel P&L account:

  • Explanations of financial terminology
  • Business tactics to manage revenue and costs - from revenue to GOP
  • Flow through and flex calculations
  • Calculation and interpretation of KPI’s for internal and external bench marking
  • Brief overview of the difference between capital expenditure (CAPEX) and operational spend

  • 2. Introduction to the Balance Sheet:
  • Assets, liabilities and equity
  • Managing working capital
  • Business financing strategies

  • 3. Introduction to Cashflow:
  • Planning for cash requirements
  • Controlling cash & other assets
  • Working capital forecasting
  • Sources of funds to manage liquidity

  • 4. KPI’s to measure performance and benchmarking

    Session Details

    On completion delegates will have the opportunity to complete an online assessment to earn a Certificate of Achievement.

    They will also be able to:

  • Understand and interpret hotel financial reports and ratios
  • Calculate and analyse key financial figures
  • Develop action plans based on financial performance and deliver ROI to the business
  • Event Booking

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