Description

Dive into the heart of the hospitality industry's financial pulse with our Finance and Cash Management for Hospitality course. Picture yourself orchestrating the ebb and flow of revenues, mastering the symphony of numbers that tells the tale of success. This course ushers you into the foundational concepts with aplomb, setting the stage for you to forecast and strategize with confidence. As you traverse the modules, you'll cultivate an understanding of projections, laying the groundwork for potential revenue augmentation with every decision made.

The journey continues as learners grasp the essentials of operational planning, crucial for the seamless execution of services. Delve into cost management practices tailored for the hospitality realm, where every penny saved enhances the guest experience. The course goes beyond theory, providing templates and exercises that invite you to apply your newly acquired knowledge to real-world financial models. From room revenue budgeting to the complexities of payroll, you'll emerge with the acumen to ensure the fiscal fortitude of any hospitality enterprise.

Learning Outcomes

Develop a robust understanding of fundamental financial concepts in hospitality.

Craft and evaluate revenue projections and operational plans.

Implement cost management and Activity-Based Costing (ABC) in hotel settings.

Apply hands-on budgeting techniques for various hotel departments.

Execute cash budgeting exercises to enhance financial proficiency.

Why choose this Finance and Cash management for Hospitality course?

Unlimited access to the course for a lifetime.

Opportunity to earn a certificate accredited by the CPD Quality Standards and CIQ after completing this course.

Structured lesson planning in line with industry standards.

Immerse yourself in innovative and captivating course materials and activities.

Assessments designed to evaluate advanced cognitive abilities and skill proficiency.

Flexibility to complete the Course at your own pace, on your own schedule.

Receive full tutor support throughout the week, from Monday to Friday, to enhance your learning experience.

Unlock career resources for CV improvement, interview readiness, and job success.

Who is this Finance and Cash management for Hospitality course for?

Aspiring hotel financial planners and analysts.

Hospitality managers seeking to enhance fiscal operations.

Accountants aiming to specialise in the hospitality sector.

Hotel owners and operators looking to optimise financial performance.

Students of hospitality and finance disciplines targeting industry readiness.

Career path

Financial Controller: £30,000 - £60,000

Revenue Manager: £25,000 - £50,000

Cost Controller: £22,000 - £40,000

Budget Analyst: £24,000 - £45,000

Accounts Manager: £26,000 - £50,000

Cash Manager: £28,000 - £55,000

Prerequisites

This Finance and Cash management for Hospitality does not require you to have any prior qualifications or experience. You can just enrol and start learning.This Finance and Cash management for Hospitality was made by professionals and it is compatible with all PC's, Mac's, tablets and smartphones. You will be able to access the course from anywhere at any time as long as you have a good enough internet connection.

Certification

After studying the course materials, there will be a written assignment test which you can take at the end of the course. After successfully passing the test you will be able to claim the pdf certificate for £4.99 Original Hard Copy certificates need to be ordered at an additional cost of £8.

Course Curriculum

Finance and Cash management for Hospitality
Fundamental and understanding concepts
	Introduction and Basis of Projections	00:05:00
	Making future plans and potential revenue generating activities	00:06:00
	Operational Plans that need to be looked at	00:06:00
	Cost management Practices at hotel and ABC system	00:08:00
	Other Matters before practical excercise	00:05:00
Financial Model and Working on Fianacial model
	Room Revenue Budget Template	00:05:00
	F&B Revenue Budgeting Template	00:10:00
	banquet and Other operating Depts	00:10:00
	Headcount Budget	00:11:00
	Payrol and Other Cost Budgeting	00:12:00
	Other hotel operational Expenses	00:10:00
	Cash Budgeting Excercise	00:11:00
Assignment
	Assignment - Finance and Cash management for Hospitality	00:00:00

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Finance and Cash management for Hospitality

By Studyhub UK

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