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27 March 2024

Finance for Non Financial Managers (TUCO)

27 Mar 2024

There is a constant need to regularly measure, monitor and report on hospitality operations to ensure that the strategic objectives of the operation are being met. The objective of the ‘Finance for Non-Financial Managers’ one day 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 analysis.

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Key Dates

Course dates:

27th - 28th March 2024

Entry Requirements

This course is ideal for team members who are required to use and interpret regular financial reports on their department, recently promoted staff who may not have had to deal with finances directly or anyone who finds the various accounting terms a bit puzzling.

Organisations Involved

TUCO is the leading professional membership body for ‘in-house’ caterers operating in the higher and further education sector. They are committed to advancing the learning and development of catering and hospitality teams and work to provide quality standards, advice and information to those working in the sector.

Session Details

During the event, you will…

Learn about The Income and Expenditure Report:

  • The basic principles
  • Explanation of financial terminology
  • 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

Learn about Introduction to the Balance Sheet:

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

Learn about Introduction to the Cash flow:

  • Planning for cash requirements
  • Working capital controls
  • Simple KPI's to measure performance

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