Udemy - Operations Budgeting For The Hospitality Industry torrent

Operations Budgeting For The Hospitality Industry



https://DevCourseWeb.com

Published 7/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.12 GB | Duration: 6h 13m

Hotel management, budgetting and analyzing the financial results

What you'll learn
What a budget is
Who is responsible for setting up a budget
The types of budgets
Departmental budgets
How to read a daily budget report
The advantages and disadvantages of budgeting
How to interpret increases and decreases according to the budget
Use your budget as a guideline to optimize results
How to analyze the actual results compared to the budget in detail
Understand why having a budget is key in your establisment
How sales volume plays a role
How price management plays a role
How all departments are responsible for each other
How direct cost variance analysis works
How labor cost variance analysis works
How sales variance analysis works
How to use variance analyses

Requirements
Basic understanding of hotel and restaurant operations
Basic understanding of percentages
Basic understanding of math
Patience to follow along with numbers, facts and figures