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Management : How To Analyze Room Division Income Statement

Management, Management Courses, Business management Courses, Online Management Course, Online Leadership


Simpliv LLC

Summary

Price
Save 80%
£10 inc VAT (was £50)
Offer ends 31 December 2022
Study method
Online, self-paced
Duration
3 hours
Access to content
Lifetime access
Qualification
No formal qualification
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

1 student purchased this course

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Overview

What will you learn
Ability to understand Hotel Operation structure
Understand Key terms used in hotel industry in very simple language
Read Profit & loss statement and other performance reports without prior knowledge of accounting
Present financial reports to Management
Analyse the Hotel financial statements and performance results and take strategic decisions

Description

Description
A wide range of hotel management professionals in operations does not feel comfortable reading and presenting their department's financial performance due to lack of financial background & knowledge and training.

Learn with us to understand, how to analyse Hotel financial statements and with key terms used in operations.
After completing this course i am confident that you will be able to analyse & present your department's performance easily and professionally.
You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.
Give your Career a head start by learning one of they key responsibilities of your career as department manager which is managing the departmental P&L
In this unique and first in league online course, we will

Discuss and understand key unique terms used in hotel management.
Understand definitions of revenue and expense heads.
Drill down all revenue and expenses to the deeper level to gain understanding how to create impact through strategic decisions.
Learn how to analyse the hotel profit and loss statement for room division.
Discuss the profit & loss templates prescribed by USALI
All terms explained are in compliance with Uniform system of accounting for lodging industries.
Course is Unique in the sense that we focus on theory as well as practical assignments which i will be reviewing personally and guiding your learning ensuring that you achieve your objective of subscribing to this course. I will ensure that you excel in understanding your hotel management aspects as far as it relates to financial terms.

Even though the course is online with no physical presence, assignments in this course will give you a change of personal interaction as i will review all assignment personally and give you personalized guidance.

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Basic knowledge
No Prior knowledge of finance or hospitality industry is required, we would be covering the basics of hotel operation as well
Need to have passion towards learning hospitality & Hotel Management
Willingness to dedicate few hours a week to Learn Hotel Management

Who is this course for?

Hotel Department Heads / Managers who are willing to sharpen their hotel management skills by learning the financial analysis side of operations.
Front Office Managers, supervisors who wish to advance in their career by learning new skills on how to analyse and present Profit & Loss statements
Room Division Professionals Seeking a career in Hospitality Industry and hotel management
All hotel employees who want to learn how to analyse Room Division financial statements
Hospitality Students who wish to give them a head start in their career by learning things quicker

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.