Room Financial Statements
WHY THIS COURSE?
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
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.
- This course is designed to teach how to anlayse Hotel financial statements and with key terms used in operations.
- After completing this course i am confident that you will be able to anlayse & 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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COURSE CONTENT
40 Lessons 02:48:52
Lesson- 1: Hotels Operating Department & Cost Structure 00:03:32
Lesson- 2: Hotels usual Operations Cycle and involvement of operating departments 00:03:35
Lesson- 1: How Hospitality Industry is different from others 00:03:50
Lesson- 2: Financial Reporting Package of Hospitality Industry 00:03:16
Lesson- 3: Uniform System of Accounting for Lodging Industry 00:02:33
Lesson- 4: Grand Profit & Loss Statement 00:04:06
Lesson- 1: Rooms Division Section Introduction 00:00:56
Lesson- 2: Understand the structure of Room Division P&L 00:03:24
Lesson- 3: Understand Room Division P&L Part 2 00:03:00
Lesson- 4: Rooms Revenue - General Overview 00:02:02
Lesson- 5: Rooms Revenue - Key Drivers Quantity 00:06:42
Lesson- 6: Room Revenue - Key Driver - Value 00:06:15
Lesson- 7: Room Revenue Segmentation - FITs 00:04:38
Lesson- 8: Room Revenue Segmentation - Groups 00:04:50
Lesson- 9: Room Revenue - Package Elements 00:05:15
Lesson- 10: Barter & Loyalty Program Deals 00:03:57
Lesson- 11: How to Analyse Hotel Revenue 00:05:08
Lesson- 12: Horizontal Analysis 00:06:36
Lesson- 13: Vertical Analysis 00:07:00
Lesson- 14: Revenue Analysis - Simplified 00:04:25
Lesson- 15: Marketing and Operating Reports for Hotel's Revenue Analysis 00:04:33
Lesson- 16: Nationality Report 00:04:27
Lesson- 17: Booking Lead period 00:04:04
Lesson- 18: Upselling & Upgrades 00:03:16
Lesson- 19: Market Bench Mark Report 00:05:30
Lesson- 1: Room Division Labour Cost 00:01:16
Lesson- 2: Labour cost Segmentation Management & Non Management 00:03:32
Lesson- 3: Labour cost Segmentation by Dept 00:03:21
Lesson- 4: Labour cost - Service Charge Distribution 00:04:59
Lesson- 5: Labour cost - Other Components 00:03:21
Lesson- 6: Labour cost Analysis 00:04:42
Lesson- 7: Other Room Cost Items 00:07:05
Lesson- 8: Other Room Division Cost - Nature of Expenses 00:04:09
Lesson- 9: Room Division - Cross Division Charge 00:02:08
Lesson- 1: How to Analyse Room Profit & Loss Statement - Steps 00:03:38
Lesson- 2: Analysis Preparation Steps 00:03:26
Lesson- 3: Analysis of Variances & Ratios 00:09:12
Lesson- 1: Bonus Lecture - Cost Management Ideas Part 1 00:04:57
Lesson- 2: Bonus Lecture - Cost Management Ideas Part 2 00:05:33
Lesson- 3: Thank You Very Much 00:00:43
SIMILAR COURSES
COURSE FEATURES
40 Lessons
Full Lifetime Access
Access on Mobile
Access on Web
Certificate of Completion
Full Lifetime Access
Access on Mobile
Access on Web
Certificate of Completion
M.R.P.:
₹ 6495.00
ISC Price:₹ 699.00
You Save: ₹ 5796 (89.24% off)
ISC Price:
You Save: ₹ 5796 (89.24% off)
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