M3-Hotel Finance USALI - F&B Cover Analaysis, P&L, Food Cost
What you'll learn
- uniform system of accounting
- F&B department
- Hotel management
- Accounting Definitions for USALI
Requirements
- Completion of previous two modules is beneficial.
Description
Hospitality finance is unique from other industries. A part of the hotel finance department is considered part of hotel operations rather than a support function due to blending into the main operations for cash control, purchasing, material management.
Hotel operations are also fast-paced high-volume transactions making it unique and require a lot of internal controls and reconciliations. Being a part of a big moving machine, if finance does not function equally fast, the entire machine gets slows. and if internal control is week, revenue may leak.
In this complete Master Class, we will learn all components of the hotel finance function, internal controls, management aspects, and technical accounting.
Class is divided into Modules and you will gain access to all modules one by one. you can choose to learn as per your individual requirements. In this module, we will be covering
- Templates for Profit & Loss Account for Food and beverage department
- Definition of Revenue and Expenses lines in Profit & Loss accounts for outlets and F&B.
- Cover Analysis, Food Cost and other statistical reports prescribed by USALI for hotels to maintain for analysis
In other modules, we will be covering,
Uniform System of accounting,
Accounts Receivable
General Accounting
Fixed Asset Controls
Income Audit
Cost Control and other departments.
This is the third Module of the class. We have also updated the recording of our live sessions for your benefit. You can ask any questions in the Question and Answers. You can check other modules on our instructor page.
The instructor of this class is an experienced CFO with over 12 years of experience in hospitality finance, Currently, he is managing 15 hotels in Myanmar.
Once you have completed all Modules, you will get entitled to Get a Master Class Certificate issued by “E hotel management school” separately in addition to the completion certificate issued by UDEMY for Completing each module.
Who this course is for:
- hospitality operation professionals
- finance professionals
- hotel management students
Instructors
- 4.2 Instructor Rating
- 1,179 Reviews
- 57,717 Students
- 16 Courses
Hotel management school was established a year ago by young and Professional Hoteliers having a combined experience of over 20 Years.
Instructors have worked in prestigious hotel chains such as Shangri-la, Intercontinental in Finance, Operations, Sales & marketing at Director Levels.
Classes were taught first in physical environment to test contents and take feedback from students. These recorded classes combine both separate recording classroom settings.
Course Content is being updated regularly and new topics are added continuously based on feedback from students.
If you have any feedback you can email us or message us to make the overall learning experience engaging and complete.
- 4.2 Instructor Rating
- 471 Reviews
- 78,684 Students
- 15 Courses
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