Hotel Management - Analyse & Interpret Financial Statements

Description:

This Course will help you to become expert in hotel management by analyzing 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 analyse 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 the 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 knowledge:

• Some hotel industry experience

Hotel Management Students. Hotel Executives. Hotel Managers & Supervisors.

Course Completion Certificate

What will you learn:

• How to Analyse overall Hotel Financial Performance
• Read Hotel Financial Statements
• Analyse Hotel Profit & Loss Statements
• Analyse Hotel Revenue performance in details
• Analyse Hotel Cost and Take Corrective Actions
• Revenue Analysis of Hotel

Simpliv LLC, a platform for learning and teaching online courses. We basically focus on online learning which helps to learn business concepts, software technology to develop personal and professional goals through video library by recognized industry experts or trainers.

Why Simpliv

With the ever-evolving industry trends, there is a constant need of the professionally designed learning solutions that deliver key innovations on time and on a budget to achieve long-term success.

Simpliv understands the changing needs and allows the global learners to evaluate their technical abilities by aligning the learnings to key business objectives in order to fill the skills gaps that exist in the various business areas including IT, Marketing, Business Development, and much more.