Personal Licence Courses for the Hospitality Industry

Finance Course

Profit Through Profit & Loss and Budget Control

 

One day seminar covering the following learning objectives:

  • Explain business application and benefits of Profit & Loss
Accurately calculate and apply sales and expenditure to a profit & loss account and outline the main factors influencing income perfomarnce

  • Calculate and analyse trading accounts
Quantify positive and adverse performance, identify reasons and recommend approriate action

  • Analyse Business Costs
Categorise, calculate and analyse business costs and expenses to quantify positive and adverse perfomance.  Outline the impact on net profit (cash & %), provide reasons and recommend appropriate action

  • Fixed Costs and Depreciation
Calculate and explain the relationship between fixed costs and depreciation to business profit.  Calculate and apply spend per head, volume and breakeven to determine appropriate business strategies

  • Budgeting and Forecasting
Outline the budget and forecasting process, explaining the benefits and analyse relevant business information to construct appropriate P&L budgets and forecasts
(SUITABLE FOR GROUPS OF 6+) For more information please call
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