It’s not unusual to feel all at sea when staring at common financial statements. Most of us simply aren’t trained to think in terms of numbers and extract meaning from them.

With some knowledge of financial analysis, however, these can become a treasure trove of information regarding performance, possible operational improvements, and advice to help mold future plans.

Why Understanding Hotel Financial Statements Is Important

Unpacking any given department’s or property’s performance, and especially presenting your conclusions to superiors, can’t rely on anecdotal evidence alone. Instead, you have to be able to explain how different business decisions and facets of operations end up influencing the bottom line.

 

In addition, the same skills involved in financial analysis play a major part in forecasting. The ability to ask “what if?” type questions and estimate the results of each is an aid in strategic thinking and advance planning.

 

Unlike many similar courses, this one uses numerous practical examples and exercises to drive key points home. Mr. Gupta will provide personalized feedback and guidance to each student.

 

Being able to discuss business matters and profitability in the language of money is a sure way to make your mark as somebody who understands what they’re talking about. 

What This Course Will Teach You:

Students are expected to already be familiar with basic accounting and the process of drafting financial statements. A general idea of how the hospitality industry work is also recommended.

 

Over the course of 3 hours of video lectures interspersed with exercises, you will come to understand:

• The format of different types of financial statements used to manage hotels.
• How to read these statements to gain insight into the processes they reflect.
• Analyzing line items and their contribution to profits and losses.
• How to explore costs and revenues in detail in order to discover hidden opportunities.
• Presenting your findings and suggesting new initiatives.

A haphazard reading of financial statements always leads to haphazard conclusions. Methodically delving into them, on the other hand, is not exceptionally difficult and often distinguishes mediocre managers from true strategic thinkers