2 Full Day Programme; Timing 09:00 – 17:00

Dates to be announced

Course Overview

This highly interactive programme has been devised to provide the delegates with an opportunity to continue to update their financial skills and gain a better understanding of how to influence the planning and control processes present in a commercial service organisation. Each delegate will have an opportunity to translate their learning directly in to the workplace with case studies and scenarios based on real business problems and solutions.

Target Audience

This course has been designed for operational and departmental managers working in the hospitality, leisure and tourism sectors who are required to make decisions based on the interpretation of periodic performance reports. It is assumed that delegates will have some prior knowledge of the key accounting statements, accounting concepts and performance measures. The ability to interpret and guide financial performance is a prerequisite to driving business performance and the principle aim of this course is to continue to improve commercial knowledge and decision making skills.

Course Objectives

The programme enables the participant to:

·         explore the latest thinking for improving the business budgeting and planning

·         understand the environmental factors which impact on the business and use analytical tools for assessing the business position

·         explore the link between long term strategy and short term planning

·         extrapolate forecasted sales and costs from historical performance

·         prepare detailed budget plans for revenue and costs

·         understand how to apply the principles of budgetary control

·         understand how to apply the budgeting process to the performance management system

Course Outline

·         Budgeting and planning

·         Planning for profit

·         Managing the cash flow

·         Relating budgeting to organisational strategy

·         Links to performance management

·         Aligning strategy with operational goals

·         Techniques for Improving Budgetary Control

·         Case study

Course Material

The course fee includes everything required for the class work including notebooks, articles, note-paper and pencils.

Prerequisites

The programme requires a prior understanding of financial statements and accounting concepts.

Certification

A certificate of attendance will be issued upon completion.

Number of attendees

Maximum of 20 participants

Course Fee

AED 2 700 per participant

Instruction materials & refreshments are included in the course fee. Accommodation and transportation are not included in the "Course Fees".