Finance
Lite for the Hospitality Industry
 
This
lively and engaging program introduces the major financial
statements and demonstrates how each employee impacts
them.
Finance
Lite for the Hospitality Industry also discusses how
the money making activities of hospitality companies
differ from those of other industries and how those differences
are reflected on the financial statements.
For
multinational companies, the program includes a comparison
of U.S. GAAP accounting statements with international
IAS statements.
How
Your Company Will Benefit
After
completing this course, participants will be able to:
- Describe
the operating cycle followed by hospitality companies
- Explain
how the financial statement records flows of resources
into and out of your company
- Discuss
key challenges facing hospitality companies in the
public marketplace
- Evaluate
their impact on your company’s profitability
- Create
an action list to improve their efficiency and productivity
- Describe
the key differences between debt and equity capital
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Key
Topics Covered
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• The Three Fundamental Financial Questions
•
An
Introduction to Double-Entry Accounting
•
Using the Balance Sheet
•
Understanding How You Impact the Income Statement
- •
How Hotels Make Money
•
Comparing Debt and Equity Financing
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Finance
for Non-Financial Hospitality Professionals
This
program develops the basic financial understanding every
hospitality professional needs to use financial tools
to make effective business decisions and feel more confident
about communicating with financial people.
How
Your Company Will Benefit
After
completing this course, participants will be able to:
- View
their job responsibilities in terms of financial
added value
- Perform
cost-justification analyzes before making spending decisions
- Communicate
effectively with financial management and staff
- Manage
by numbers rather than by "feel"
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Key
Topics Covered
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• Financial Statement Review
•
Understanding Cash Flow and the Cash Flow
Statement
•
Introduction to Working Capital
•
The Cost of Capital
•
Making Capital Investment Decisions
•
Key Ratios for the Hospitality Industry
• Financial
Leverage in the Hospitality Industry
• Four
Key Factors in Hospitality Profitability
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