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Updated in [October 07th, 2023]
What does this course tell?
(Please note that the following overview content is from the original platform)
About the ClassHave you wondered what is basis of Budgeting & Forecasting revenue and expensesWe hold a live workshop lately and discuss this topic in fairly details This course is re-production from live reocrded videos of workshop to give you a taste concepts in budgeting & forecastingPlease note this is not an excel class and we are not doing real budget here however we are understanding fundamentals lying under how revenue and expenses are forecasted Who Should SubscribeYou should have some understanding of your business and financial statements If you wish to learn the fundamentals of how budget and forecast are created (not relying on excel of system calculations)About Case StudyCase Study in question is a hotel hence all concepts are related to hospitality however other industry might get benefit out of itIf you have any feedback of feel i missed anything please let me know and i will add those
We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
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What skills and knowledge will you acquire during this course?
During this course on Hotel Management - Concepts of Budgeting & Forecasting, learners will acquire the following skills and knowledge:
1. Understanding the basis of budgeting and forecasting revenue and expenses in the hospitality industry.
2. Gaining insights into the fundamentals of creating budgets and forecasts, without relying on excel or system calculations.
3. Developing a comprehensive understanding of financial statements and their role in budgeting and forecasting.
4. Learning how to analyze and interpret financial data to make informed budgeting and forecasting decisions.
5. Acquiring knowledge of industry-specific concepts and best practices in budgeting and forecasting for hotels.
6. Exploring case studies and examples from the hotel industry to apply the learned concepts in a practical context.
7. Developing critical thinking and problem-solving skills related to budgeting and forecasting in the hospitality industry.
8. Gaining a broader understanding of the financial aspects of hotel management and how they impact overall business performance.
9. Enhancing the ability to make strategic decisions based on budgeting and forecasting insights.
10. Acquiring the skills to communicate and collaborate effectively with financial professionals and stakeholders in the hotel industry.
Please note that this course does not focus on excel skills or involve creating real budgets. Instead, it aims to provide a conceptual understanding of budgeting and forecasting in the context of hotel management.
Who will benefit from this course?
This course on Hotel Management - Concepts of Budgeting & Forecasting will benefit individuals who are interested in or working in the hospitality industry. Specifically, professionals in hotel management, revenue management, finance, and accounting roles will find this course valuable.
The course is designed for individuals who already have some understanding of their business and financial statements. It is not an excel class, but rather focuses on the fundamentals of how budgets and forecasts are created, without relying on excel or system calculations.
While the case study used in the course is based on a hotel, professionals from other industries can also benefit from the concepts taught. The principles of budgeting and forecasting discussed in the course can be applied to various businesses and industries.
Course Syllabus
Live Workshop Videos
BONUS
