Duration: 2 Hours
Lectures: 15
Video: 1.5 Hours
Level: Beginner

Archive

working capital management for hospitality

Working capital is required for day to day function of the hospitality business. In order to manage the operating capital, hoteliers need to learn and understand, working capital elements, and how to practice working capital management.

Positive working capital cost the company in terms of financing, hence managing it effectively is extremely important to enhance the overall value of the company.

In this course we will learn, what are key elements of working capital and how we can manage them. What are the pros and cons of having too much working capital and too little working capital?

You will learn policies and process of managing working capital elements such as

  • Receivables,
  • payables,
  • inventory and
  • cash management.

This course is being taught by Mr Manish Gupta, you can check out his other hotel management courses  here

Learn how to analyse and maximize Restaurant Profitability

Analyze & Interpret Overall Hotel Financial Statements

Introduction to Working Capital Management

1
What is working capital and What are working capital elements
2
What are the benefits and cost of various working capital elements
3
Operating and Cash Conversion Cycle with Practical example
4
Cash Conversion Cycle of Different companies
5
Working Capital Impact on Company Value
6
Understanding working capital requirements and different approaches in management

Trade Credit and Receivable Management

1
Understand Trade Credits in Business
2
How do we manage Receivables
3
Understanding how to change credit policies and evaluate the impact
4
Monitoring Receivables

Payables Management

1
Payables Management

Inventory Management Practices

1
Inventory management and Pro and Cons of high inventory
2
Inventory management – EOQ, Reorder levels, lead time
3
ABC system of managing inventory

Cash management Practices

1
Cash Management Process

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Hospitality Working Capital Management – Learn how to manage effectively
Price:
$40 $7.99