Enroll Course: https://www.udemy.com/course/m3-usali-fb-department/
The world of hospitality finance is a unique beast. Unlike other industries, a hotel’s finance department is deeply intertwined with its daily operations, playing a crucial role in everything from cash control to purchasing and material management. The fast-paced, high-volume nature of hotel transactions demands robust internal controls and meticulous reconciliations. If the finance function falters, the entire hotel operation can grind to a halt.
This is precisely why courses like the ‘M3-Hotel Finance USALI – F & B Cover Analaysis, P & L, Food Cost’ on Udemy are invaluable for anyone looking to excel in this field. Taught by an experienced CFO with over 12 years in hospitality finance, currently overseeing 15 hotels, this Master Class offers a comprehensive understanding of hotel finance, internal controls, management aspects, and technical accounting.
This specific module, the third in the series, hones in on the critical area of Food and Beverage (F&B) finance. You’ll learn to create Profit & Loss (P&L) templates for the F&B department, gaining a clear definition of revenue and expense lines for various outlets and F&B operations. Crucially, the course delves into Cover Analysis, Food Cost calculations, and other essential statistical reports prescribed by the Uniform System of Accounts for the Lodging Industry (USALI). Understanding these metrics is fundamental to optimizing profitability and controlling costs within the F&B division.
The course is structured into modules, allowing for a flexible learning path. Future modules promise to cover the broader spectrum of hotel accounting, including Accounts Receivable, General Accounting, Fixed Asset Controls, Income Audit, and Cost Control across different departments. The instructor also provides recordings of live sessions and encourages active participation through the Q&A section, ensuring a dynamic and supportive learning environment.
Upon completion of all modules, you’ll not only receive a Udemy certificate but also a Master Class Certificate from ‘E hotel management school.’ This comprehensive approach makes this course a highly recommended resource for aspiring and current hotel finance professionals seeking to sharpen their analytical skills and gain a competitive edge.
If you’re serious about understanding the financial backbone of a hotel and want to master the intricacies of F&B financial analysis, this course is an excellent investment in your professional development.
Enroll Course: https://www.udemy.com/course/m3-usali-fb-department/