Course Overview

Many new supervisors and managers are confident in their ability to undertake operational tasks, but frequently shy away from understanding the underlying financial numbers of their departments.

Using a pragmatic and contextualised approach, this course reduces the fear of using numbers in operating their department. It uses real world examples to demystify key financial statements, allowing managers and supervisors to apply what is learned to improve the operations of their department. Participants gain the confidence required to discuss the information contained within financial reports with other managers, including the General Manager and the business’s financial controller.

This is an informative, interactive and engaging workshop, specifically designed for supervisors, managers and anyone responsible for improving the financial performance of their department.

Topics Covered

• Introduction to business numbers and the concept of accounting and financial analysis
• The key numbers used in determining success in your business
• Interpreting the profit and loss (P&L) statement
• Interpreting the balance sheet, or asset and liability (A&L) statement
• Interpreting the statement of cash flow
• Management reports and key performance measures
• Introduction to forecasting
• The use of budgets in business operation

Certification

This unit forms part of the “Diploma in Management & Leadership for Business and Hospitality” qualification, accredited by the Confederation for Tourism and Hospitality. Units from this program can be individually completed and certificated by the CTH, following assessment.

The CTH is the UK’s leading specialist professional awarding body for qualifications in the hospitality and tourism sector. It has strong links with the global hospitality industry, including relationships and endorsements from organizations such as Virgin Atlantic Airways, GTMC, Star Alliance, Marriot Hotels Caribbean, Radisson Edwardian, Sheraton Hotels and Intercontinental Hotels Group. Its management qualifications are recognized and endorsed by over 25 UK and international universities.

Training Workshop Dates

Please check the registration page for upcoming workshop dates.