Hotel Management - Revenue controls & Income Audit process
What you'll learn
- Understand Reporting & Recording Requirements in Hotels
- Spot Checks and Verification needed to ensure completeness and accuracy
- We will not learn how to make report
- Understand Risks Involved in Hotel Industry Revenue Cycle and how analysis of various reports help mitigation
- Basic Understanding of Hotel Operations
- Usual Daily Process of Income Audit
- Basic Terminology Required
Hotel / Restaurant Revenue & Collections are highly susceptible to frauds, Mis-use due to inherent risks, cash, high number of turnover. Efficient hotel management practices usually involves process to control the leakage of revenue & cash.
Hence to protect revenue there needs to be sufficient control system and check and balances.
This class is live recording of our Physical workshop in Yangon where we discussed various risks and counter checks to detect, prevent revenue leakages.
The class will continuously be updated based on feedback of students and their questions and more topics will be added in future,
If you are an revenue auditor, chief accountant, finance manager (from non-hospitality background), operation manager of rooms or F&B. this class will enable you to understand importance of various control measure and how to implement them.
Who this course is for:
- Revenue Auditors
- Chief Accountant / Finance Managers
- Operations managers
- Small Hotel Owners
PROFILE & STRENGTHS
Mr Manish Gupta is an experienced hospitality finance professional, having a blend of financial core expertise with hands-on training in managing hotel operations and business development.
Having worked as an Auditor for 7 years, he moved into finance management for brands like Parsvnath Developers and Shangri-La Hotels & Resorts and currently serving as the CFO of HTOO Hospitality.
His role is to spread the finance function for the largest hospitality in Myanmar owned and managed by one of the biggest business houses in Myanmar. They have 16 operational and underdevelopment High-end boutique resorts (covering an overall room inventory of 800+ rooms), 2,000 employees. Most of the properties are leaders in their region on trip advisor and won various travel awards over a period of time.
He has proven experience in setting up the foundation for sustainable growth (in the form of management information systems, restructuring), ERP implementation, gear towards IPO readiness & IFRS convergence. With such a great skill set, the students can be assured about the quality of training with his expertise.
He has been teaching at various institutions in Myanmar such as Swiss Business School, American Hospitality Institute of Myanmar with students ranging from directors to CEO of various companies.
ACADEMIC & PROFESSIONAL CREDENTIALS
Chartered Accountant – 2005 (Member of the ICAI) form Institute of Chartered Accountant of India
Company Secretary – 2005 from Institute of Company Secretaries of India
DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business Leadership form e-Cornell University
Strategic Leadership from Shangri-La Global University
Hotel management school is leading online hotel management training and service provider with having over 15 years if experience in hospitality, finance, audits, startups. We have been training over 100k students on udemy and physical classes and impacting their learning experience.
We provide hotel consulting services to small and medium-sized hotels to help them grow their business and profitability. If you wish to explore our services, pls send us a message with your query, we will be happy to assist in
- Revenue Management
- Guest Journey Mapping
- Financial Management and Planning