Hotel Management Course Analyse Financial Statements And Performance Online Course

Hotel Management Course - Analyse financial statements and performance

Understand hotel/s standard profit & Loss statements, how to read and analyse them. What supporting reports are required to understand and diagnose financial performance of the hotel.

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Lectures 34
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Instructor Support
Course Completion Certificates

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Ability to read and understand hotel Financial Statements
Make sound financial decisions based on analysis
Analyse revenue and expenses
understand hotel statistics and terminology
understand Hotel P&L and how to analyse
ability to present variances in meetings

This Course will help you to become expert in hotel management by analysing hotel operational & financial performance with ease.

In our experience Hotel management professionals in operations does not feel comfortable reading and presenting their department's financial performance due to lack of financial background, knowledge and training.

Why you should take this course

Learn how to anlayse Hotel financial statements and with key terms used in operations, cost management ideas.

After completing this course you will become in analyzing & present your department's performance easily and professionally.
You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.
Give your Career a head start by learning one of they key responsibilities as department / division head i.e. Managing the departmental financial performance.

In this unique hotel management course, we will

- Discuss and understand key unique terms used in hotel management.

- Understand definitions of revenue and expense heads.

- Drill down all revenue and expenses to the deeper level to gain understanding how to create impact through strategic decisions.

- Learn how to analyse the overall hotel profit and loss statement.

- Learn important revenue management & marketing reports

- Learn cost and operation management reports and cost management ideas.

- Discuss the profit & loss templates prescribed by USALI

- All terms explained are in compliance with Uniform system of accounting for lodging industries.

Unique Features

- focus on theory as well as practical assignments

- Personalized review personally

- Continuous guidance in your learning ensuring that you achieve your objective of subscribing to this course.

- Regular Updates on case studies based on your feedbacks

Even though the course is online with no physical presence, assignments in this course will give you a change of personal interaction as i will review all assignment personally and give you personalized guidance.

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Basic Understanding of hotel operations

Hotel Operations Manager
Hotel management Students
Department heads of hotel operations
Supervisors who wish to upgrade knowledge and become managers

Section 1 : Hotel Management - Overall Financial Performance Analysis

Lecture 1 :

Introduction to course Preview

Lecture 2 :

Introduction to Hotel Operations

Lecture 3 :

Fundamentals of Accounting Concepts

Lecture 4 :

What is Allocation of Expenses

Lecture 5 :

What are Prepayments

Section 2 : Terminology used in Hospitality Industry

Lecture 1 :

Key Terms Used in Hospitality

Lecture 2 :

Rooms Division Key Terms - Occupancy & Related Terms

Lecture 3 :

Room Division Key Terms ADR and Related Terms

Lecture 4 :

F&B Business - Key Quantity Drivers

Lecture 5 :

Food & Beverage Division - Key Revenue Terms

Lecture 6 :

What are various Revenue Segmentation - Transient Business

Lecture 7 :

Hotel Revenue Segmentation - Group Business

Lecture 8 :

F&B Revenue Segmentation Fundamentals

Section 3 : Standard Formats and Analysis Framework

Lecture 1 :

Standard Profit & Loss Templates Prescribed by USALI for Lodging Industries V11

Lecture 2 :

Revenue Reports Analysis Fundamentals

Lecture 3 :

Horizontal Analysis in practice through Room Segment Analysis

Lecture 4 :

Vertical Analysis Explained via Room Segment Report

Lecture 5 :

Combined Analsysis Simplified - Market Segment Report

Section 4 : Supporting Reports and analysis for Revenue Segments

Lecture 1 :

Why you should know the Business Source

Lecture 2 :

Guest Nationality Report

Lecture 3 :

Booking Lead Period and Booking Pace Concepts

Lecture 4 :

Market Benchmark & Competitor Comparison Report

Lecture 5 :

Upselling & Upgrades

Lecture 6 :

Menu Engineering Report

Section 5 : Expenses and Control Reports

Lecture 1 :

Labour Cost Basic Pay & Wages

Lecture 2 :

Labour cost - Service Charge

Lecture 3 :

Labour Cost - Other Components

Lecture 4 :

Labour cost Analysis

Lecture 5 :

Other Expenses and Control Reports

Lecture 6 :

Cost Management Ideas Part 1

Lecture 7 :

Cost Management Ideas - Part 2

Section 6 : Overall P&L Analysis

Lecture 1 :

Profit & Loss Analysis Steps

Lecture 2 :

Room Division Profit & Loss

Lecture 3 :

F&B Profit & Loss Statement

Manish Gupta,

PROFILE & STRENGTHS Result-oriented Hospitality professional, a qualified Chartered Accountant, offering +12 years of extensive experience in Accounts, Finance, Audit and Hotel Operations. Hands on experience in Monthly Reporting, Budgeting, forecasts, P&L analysis and leading projects. Strength in positive attitude and Top line growth approach towards business. Improving productivity and cost efficiencies without compromising quality. PROFESSIONAL EXPERIENCE Chief Financial Officer at Myanmar Treasure Hotel and Resort Group co Limited FInancial Controller and Senior Executive trainee at Shangri-La Hotel & Resorts, (Phillipines & Myanmar properties) ACADEMIC & PROFESSIONAL CREDENTIALS Chartered Accountant – 2005 (Member of the ICAI) form Institute of Chartered Accountant of India Company Secretary – 2005 from Institute of Company Secretaries of India DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business Leadership form e-Cornell University Strategic Leadership from Shangri-La Global University