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Date
25 June 2024
Location
Online

2 half days online course: Finance for Non-Financial Managers in Hospitality

25 Jun 2024

Our online ‘Finance for Non-Financial Managers’ course aims to improve commercial knowledge to ensure that business decisions regarding pricing and costing are made with insight and will be delivered over two half day sessions. The coaching from our tutors will increase the commercial awareness of non-financial managers and improve the understanding and interpretation of budgets and monthly reports that all departments deal with on a regular basis.

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

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Key Dates

The course is available on the following dates:

Session 1: 25th June from 9.00 - 12.30

Session 2: 26th June from 9.00 - 12.30

Total cost £325.00 + VAT @ 20% per person

Entry Requirements

Ideal for aspiring hospitality leaders of the future at HOD level wishing to get a good overview of the business accounting basics. This course will enable you 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
  • Organisations Involved

    The course will be hosted by Debra Adams, owner at arena4finance.

    Debra Adams is the founder of the business, a leading practitioner in developing courses for improving financial know how and commercial acumen in the service sectors. 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 2024.

    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

    'Finance for Non-Financial Managers’ is a highly interactive course that is delivered through four 90 minute online presentations and workshops, case studies and discussions. Delegates are also encouraged to discuss their own reports privately with their tutor.

    Structured into three main topic areas, the course includes:

    Introduction to the P&L account:

  • The basic principles
  • Explanations of financial terminology
  • Business tactics to manage revenue costs
  • How to trade & make a profit
  • Calculation and interpretation of KPI’s

  • Introduction to the Balance Sheet:
  • Assets, liabilities and equity
  • Managing working capital
  • Profit, cash and investment

  • Introduction to Cashflow:
  • Controlling cash & other assets
  • Working capital forecasting
  • Sources of funds to manage liquidity

  • Simple KPI’s to measure performance

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