In the busy hospitality industry, it is difficult for hotel executives to find the time to teach managers and supervisors how to interpret and analyze financial statements. After all, the financial statements are one of the key report cards upon which the hotel executive team is being judged. This course is designed to fill that gap, and to educate those staff members using terms that the General Manager or Director of Finance would use.
The course starts with the statement of income page of a typical hotel and steps through the rooms, food and beverage, other operated departments, undistributed departments and fixed expense departments. In each department, terms and key operating statistics are identified and described in terms that senior management would use. From occupancy and average rate by market segment to analyzing labor using percent and productivity calculation, this course will significantly improve a staff member’s understanding of hospitality financial statement analysis.
The course is packed with hands-on exercises to solidify the learning experience. (Microsoft Excel is required to take this course.)
This course was developed by Louis W. Sanford, CPA. Louis is a seasoned hospitality veteran with over 30 years of hotel finance and accounting experience, and has shared that experience with hospitality professionals by speaking at several recent HFTP conferences. He teaches this course using simple terms that are easily understood, and has packed the course full of interactive activities to assist in the learning process.
This product was added to our catalog on Tuesday 03 April, 2007.