Also we'll cover the more basic things like: what is a budget, who is responsible for setting up the budget and what different budgets do we work with. You'll know how to pinpoint the problems in your budget and therefor find solutions to decrease expenses, increase profits and have more accurate budgets in the future.We will discuss why forecasting and standardization are important tools. This allows you to take control of your budget and fine tune it. And how to interpret the results, so you'll make better decisions.By the end of this course you will have a solid foundation and understanding of Variant analyses. This course 'Operations budgeting for the hospitality industry' is based towards students who are interested in taking control of their budgets, revenues and expenses.If you want to figure out how your hotel or restaurant property is doing compared to the budget and want to learn how to find out what elements are responsible for your business losing money or overachieving, then this course is for you.Together we will discuss all the elements needed to set up a budget and a standard costing system for your property and how to compare it to the actual results. Patience to follow along with numbers, facts and figures Description How to use variance analyses Requirementsīasic understanding of hotel and restaurant operations How all departments are responsible for each other Understand why having a budget is key in your establisment

How to analyze the actual results compared to the budget in detail Use your budget as a guideline to optimize results How to interpret increases and decreases according to the budget The advantages and disadvantages of budgeting

Who is responsible for setting up a budget Hotel management, budgetting and analyzing the financial results What you'll learn Language: English | Size: 3.12 GB | Duration: 6h 13m Free Download Operations Budgeting For The Hospitality Industry

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