M3-Hotel Finance USALI - F&B Cover Analaysis, P&L, Food Cost

Name: M3-Hotel Finance USALI - F&B Cover Analaysis, P&L, Food Cost
Brand: Udemy
SKU: 4163058
Rating: 3.5754 (3 reviews)

Uniform system of accounting, hotel financial statement analysis, Module 3 of master class

Ratings 3.58 / 5.00

M3-Hotel Finance USALI - F&B Cover Analaysis, P&L, Food Cost

What You Will Learn!

uniform system of accounting
F&B department
Hotel management
Accounting Definitions for USALI

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.