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Date
17 January 2022
Location
Online

Online course: Hospitality Finance - A deep dive for Non Financial Hospitality Managers

17 Jan 2022

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

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Ideal for aspiring hospitality leaders of the future, this course is held online over a period of 6 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. 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.

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Key Dates

This course commences online on the 17th January 2022

To reserve your place or to discuss the content: email hello@arena4finance.co.uk

Entry Requirements

Who is this course for?

Ideal for current and 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.

Organisations Involved

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 amazing team at IoH.

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

Session Details

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

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

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