Complete Accounting and Finance for Non-Finance Hotel Managers

Courses in this bundle:

Learn how to use forecasting & Budgeting to make business plans

Fundamental Accounting Rules and Policies for small hotel business Owners

Ratio Analysis for Finance & Operational Business decisions

Learn how to raise money for hotel business & understanding business Valuation

Cash Management and Forecasting – You must master for Hospitality in 2021

hospitality financial statements and hospitality learning resources, career development courses

Objectives of this course Bundle

To equip the Non-finance managers with financial skills to project, plan and execute business strategies

Topics and Outlines Covered

Understanding the fundamentals of Accounting & financial statements and how to draw them.

Fundamentals of accounting practices.
Types of Accounts and Financial Statements
Accounting Entries
Relationship between Profit & Loss / Balance Sheet and Cash Flow
Key Accounting Policies
1. Inventory
2. Fixed Assets
3. Capital vs operating expenses.
4. Revenue Recognition
5. Expenses Accounting
Accounting Control Practices
1. Receivable from customers
2. Advance / pre payments
3. Accruals and Provisions
4. Fixed Assets
5. Supplier Payments
Working Capital
Analysis Steps and Methods

Analyzing financial numbers for making business decisions

Analyzing Financial Statements in Details.
Ratio Analysis
1. Why Ratio – Usefulness and Limitations
2. Profitability Ratio
3. Liquidity Ratios
4. Working Capital
5. Asset Utilization
6. Return Ratios
7. Special Purpose
How to use Ratio analysis to understand ground reality in operations.
How operational decisions affect financial results.
Working Capital Management
Pricing Decisions
Capital Expenditure planning decisions
Using Financial Analytics Metrics for KPI management
Using financial numbers together with operational metrics

Budgeting and forecasting and financial plan.

Why Budgeting / Forecasting / Planning is needed for business
Is it just a paper exercise?
How to make use of budgeting & forecasting.
Components of Budgets.
How to forecast and defend unforeseen future and able to defend it

Deriving financial plan and blending with business models
Business Model – Components
how each business model component is represented in financial plan

Understanding the business value and do self-valuations
What is Value??
Value from different prospective.
Different Methods of Valuation.
- Income Approach
- Cost Approach
- Comparable
Inherent limitations and uncertainties of valuation models.
How can we enhance value of our business?

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