About This Course

This 16-hour course covers key principles of accounting and the systems of accounts used in the hospitality industry and the tools for analysing the financial statements and the concept of cost behaviour to facilitate business decision.

Course duration: 16 hours

Session: 2 Full Days, 9am – 6pm

Who Should Attend

Mid-level managers such as F&B Managers, Executive housekeepers, Front Office Managers

What You’ll Learn

At the end of the course, you will be able to:

• Apply the basic concepts and principles of accounting
• Use the Uniform Systems Of Accounts For Lodging Industry (USALI)
• Prepare Financial Statements
• Analyse financial statements
• Use financial information to make decisions
• Analyse cost behaviour
• Minimise the amount of working capital needed
• Update and monitor rolling cash forecast to manage cashflow
• Prepare budget
• Analyse internal and external factors that can affect forecasting

Course Outline

• Financial Reporting
• Analyzing Financial Statements
• Managing Working Capital and Controlling Cash
• Budgeting and Budgetary Control