Finance and Cash Management for Hospitality

Name: Finance and Cash Management for Hospitality
Availability: InStock
Rating: 3.4 (109 reviews)

Learn how to manage costs and other financial commitments in the hospitality business with this free online course.

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Learning Outcomes

In this free course, you will learn how to:

Discuss the need for cash flow planning in hospitality management
Outline the requirements for making cash flow plans
Identify the operational factors that need to be considered in making cash flow plans
Discuss zero-based budgeting
Explain the ABC (activity-based costing) system
Identify areas of focus for the long term during a period of business
Identify how to draft a room revenue budget using Excel sheets
Identify strategies for creating monthly room budgets plans
Compute an F&B (food and beverage) budget plan successfully using Excel sheets
Outline the segments to consider in banquet budgeting
Distinguish between the F&B revenue budget template and a banquet budget template
Recognize how to draft labour cost and payroll budgets for any department in a hotel effectively

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