Analysis of Hotel Income Statements
Details
You will learn:
- 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
Outline
Overview
- Hotels Operating Department & Cost Structure
- Hotels usual Operations Cycle and involvement of operating departments.
Accounting and Financial Reporting
- How Hospitality Industry is different from others,
- Uniform System of Accounting for Lodging Industry,
- Financial Reporting Package of Hospitality Industry and
- Grand Profit & Loss Statement.
Rooms Division Financial and Operating Report
- Understand the structure of Room Division
- What are the major revenue segment at your hotels and why?
- How to Analyse Hotel Revenue
- Marketing and Operating Reports for Hotel's Revenue Analysis
- Booking Lead period
- Room Revenue Analysis.
Expenses in Room Division
- Room Division Labour Cost
- Labour cost Segmentation Management & Non-Management
- Labour Cost Analysis
- Other Room Cost Items
Analysis of Divisional Rooms Profit and Loss Statement
- How to Analyse Room Profit & Loss Statement (Steps),
- Analysis Preparation Steps,
- Analysis of Variances & Ratios and
- Room Division P&L Analysis.
FOR WHOM:
Hotel Department Heads / Managers, Front Office Managers, Supervisors, Room Division Professionals.
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 PM — 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.