Complete Accounting and Finance for Non-Finance Hotel Managers
Courses in this bundle:

Learn how to use forecasting & Budgeting to make business plans
$7.99

Fundamental Accounting Rules and Policies for small hotel business Owners
$8.99

Ratio Analysis for Finance & Operational Business decisions
$7.99

Learn how to raise money for hotel business & understanding business Valuation
$5.99

Cash Management and Forecasting – You must master for Hospitality in 2021
$9.99

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
- Inventory
- Fixed Assets
- Capital vs operating expenses.
- Revenue Recognition
- Expenses Accounting
- Accounting Control Practices
- Receivable from customers
- Advance / pre payments
- Accruals and Provisions
- Fixed Assets
- Supplier Payments
- Working Capital
- Analysis Steps and Methods
- Analyzing financial numbers for making business decisions
- Analyzing Financial Statements in Details.
- Ratio Analysis
- Why Ratio – Usefulness and Limitations
- Profitability Ratio
- Liquidity Ratios
- Working Capital
- Asset Utilization
- Return Ratios
- 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?