Master Financial Statements in Hotel Management 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.

Created by : Rated :4.8 73009 views

Last Updated: 2024-11-21 05:11:33 English Course Type: Self Learning

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.

Subscribe now and Share the love with others as well.

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 5 Lectures 00:16:29
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 8 Lectures 00:42:40
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 5 Lectures 00:34:01
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 6 Lectures 00:29:32
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 7 Lectures 00:35:29
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 3 Lectures 00:20:07
Lecture 1 :
Profit & Loss Analysis Steps
Lecture 2 :
Room Division Profit & Loss
Lecture 3 :
F&B Profit & Loss Statement

How do i access the course after purchase?
It's simple. When you sign up, you'll immediately have unlimited viewing of thousands of expert courses, paths to guide your learning, tools to measure your skills and hands-on resources like exercise files. There’s no limit on what you can learn and you can cancel at any time.
Are these video based online self-learning courses?
Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic.
Can i play & pause the course as per my convenience?
Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on.
How do i contact the instructor for any doubts or questions?
Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want.
Do i need a pc to access the course or can i do it on mobile & tablet as well?
Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly.
Do i get any certificate for the courses?
Yes. Once you complete any course on our platform along with provided assessments by the instructor, you will be eligble to get certificate of course completion.
For how long can i access my course on the platform?
You require an active subscription to access courses on our platform. If your subscription is active, you can access any course on our platform with no restrictions.
Is there any free trial?
Currently, we do not offer any free trial.
Can i cancel anytime?
Yes, you can cancel your subscription at any time. Your subscription will auto-renew until you cancel, but why would you want to?

Manish Gupta,

73009 Course Views

1 Courses

PROFILE & STRENGTHS Â Result-oriented Hospitality professional, a qualified Chartered Accountant, offering +12 years of extensive experience in Accounts, Finance, Audit and Hotel Operations.Â Â Hands on experience in Monthly Reporting, Budgeting, forecasts, P&L analysis and leading projects.Â Â Strength in positive attitude and Top line growth approach towards business. Improving productivity and cost efficiencies without compromising quality.Â Â Â PROFESSIONAL EXPERIENCEÂ Â 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 CREDENTIALSÂ Â Chartered Accountant â€“ 2005 (Member of the ICAI) form Institute of Chartered Accountant of IndiaÂ Â Company Secretary â€“ 2005Â from Institute of Company Secretaries of IndiaÂ Â DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business LeadershipÂ Â form e-Cornell UniversityÂ Â Â Strategic Leadership from Shangri-La Global University