Concepts of Budgeting and Forecasting in Hotels and Hospitality Industries
Details
Participants will learn
- Fundamentals of Budgeting
- How Revenue is Forecasted
- How Expenses are forecasted
- How Capital Budgeting is Done
- Labour Cost Budget Concepts
Outline
- Introduction to Budget and Why we do budgets
- Process of Budgeting
- Revenue Forecasting & Budget (Rooms Division)
- Revenue Budget & Forecasting (F&B and Other)
- Prepare a Quick Budget Template and Play Around Scenarios
- Labour Cost Budgeting
- Budgeting for Other variable & Fixed Expenses
- Budgeting for Capital Expenditure
FOR WHOM:
Chief Accountant, Operations managers, Small Hotel Owners, Finance Managers / Asst Finance Managers, Non-Finance background managers.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.