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FINANCE FOR NON-FINANCE PROFESSIONALS IN HOSPITALITY

While you may not be in the finance department, finance impacts everything from setting room and menu prices to sourcing. Learn how to extract valuable insights from financial data and make strategic choices that drive profitability and growth.

Deloitte

COURSE DESCRIPTION

If you intend to manage a department, a hotel or a company, you will need a solid financial foundation.

This course has been specifically designed for those with no finance background, teaching you how to read financial statements, budget, forecast, and apply cost-benefit analysis to make informed financing and investment decisions.

WHO IS THIS COURSE FOR?

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OPERATIONS MANAGERS

Improve your budgeting, revenue pricing and cost control skills, and thus your department’s profitability.

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CUSTOMER-FACING ROLES

Align your upselling strategies with the hotel’s financial goals and performance metrics.

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SENIOR EXECUTIVES

Ensure that your financial decisions are aligned with the overall success of the company.

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WHAT YOU'LL LEARN

  • Fundamental financial concepts and terminology
  • How to analyse and interpret financial statements
  • How to create and manage budgets
  • The principles of cost analysis and management
  • How to evaluate investment opportunities using NPV, IRR and other financial metrics
  • Understanding capital structure
  • Recognising and managing financial risks
  • Applying financial data to decision making and cost-benefit analysis
  • Ethical considerations in finance

COURSE OUTLINE

This course comprises a total of 12 hours of learning over an additional four modules:

This course consists of 
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Learning hours
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Modules
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Module 1: Introduction to finance in hospitality

  • The financial dynamics of hospitality
  • Key financial concepts and terminology
  • The role of finance in hospitality operations

Module 2: Financial statements

  • Income statements
  • Balance sheets
  • Cash-flow analysis

Module 3: Budgeting and financial planning

  • Budgeting best practices
  • Forecasting demand and revenue
  • Financial planning for seasonal variations

Module 4: Cost control and management

  • Managing costs in food and beverage operations
  • Cost control strategies
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Experts

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Dr. Nongnuch Laomaneerattanaporn is a Partner at Deloitte Thailand. She holds a PhD in Accounting from Chulalongkorn University. Prior to joining Deloitte, she served as Executive Vice-President at the Export-Import Bank of Thailand, overseeing accounting, finance, purchasing, risk management and compliance.

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With a background in auditing, including in the hospitality sector, Senawee Keattikul’s role at Deloitte Thailand involves advising on business process improvement, especially in the areas of accounting, internal controls and audits, fixed assets management, procurement and payment.

ENROLMENT CRITERIA

This course is designed for ambitious professionals from any industry. There are no prerequisites to enrol.

ENROLMENT PROCESS

To enrol, please choose your dates and and fill in your personal details. You will then receive an email with a payment link. Acceptance is contingent upon receipt of payment at least five days before the start of the course. Late enrolments may be accepted on a case-by-case basis.

DEADLINE

We must receive payment at least five days before the start of the course. Late enrollments can be accepted on a case-by-case basis.

COURSE DATE

30-31 March 2024

0
per course

Taught in Thai

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