Date to be confirmed

Course Overview

A business is successful by meeting its financial targets. The critical factor to achieving these targets is maximizing operating performance at the departmental level. This course shows how using the hotel’s P/L statement helps those staff charged with the responsibility, to achieve maximum financial performance.

Target Audience

Operational and departmental managers in the hotel

Course Objectives

By the end of the workshop you will:

• understand and interpret the hotel’s profit and loss statement
• understand the principles and practice of budgetary control
• be able to use the profit and loss statement to manage more effectively
• be able to see clearly the role and contribution that your department makes and is expected to make in achieving the financial targets of the hotel

 Course Outline

• Introduction
• Purpose of the P/L statement 
• Origins and scope of the hotel P/L statement (Uniform System)
• Key performance indicators
• Concept and practice of ‘responsibility’ accounting in hotels
• Principles of budgetary control
• Analysing variances between actual and budgeted performance

Course Material

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

Prerequisites

The programme does not require any prerequisites.

Certification

A certificate of attendance will be issued upon completion.

Number of attendees

Maximum of 15 participants

Course Fee

AED 2700 per participant

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