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via Udemy |
Go to Course: https://www.udemy.com/course/m3-usali-fb-department/
Certainly! Here's a detailed review and recommendation for the Coursera course "M3-Hotel Finance USALI - F & B Cover Analysis, P & L, Food Cost": --- **Course Title:** M3-Hotel Finance USALI - F & B Cover Analysis, P & L, Food Cost **Platform:** Coursera (offered through UDEMY) **Instructor:** Experienced CFO managing 15 hotels in Myanmar with over 12 years of hospitality finance expertise **Overview:** This comprehensive course is designed for those interested in mastering the financial management aspects of the hotel industry, particularly within the Food & Beverage (F&B) departments. Hospitality finance has its own unique challenges—fast-paced operations, high transaction volumes, and a critical need for internal controls—making this course highly relevant for professionals seeking specialized knowledge in hotel finance. **What You Will Learn:** - How to utilize templates for profit and loss accounts specific to hotel F&B departments - The definitions and distinctions of revenue and expense lines in hotel outlets' financial statements - Conducting cover analysis, food cost management, and other statistical reporting aligned with USALI (Uniform System of Accounts for the Lodging Industry) standards - An understanding of the critical internal controls needed to prevent revenue leakage and ensure smooth financial operations **Course Modules & Structure:** This is the third module of a broader series covering key aspects of hotel financial management. It offers flexibility, allowing learners to focus on the modules most relevant to their needs. The modules include topics like Uniform System of Accounting, Accounts Receivable, Fixed Asset Controls, Income Audit, and Cost Control among others. The course content has been updated with recorded live sessions, providing an interactive and engaging learning experience. **Instructor & Credibility:** Led by an industry veteran with over a decade of experience managing hospitality finances in multiple hotels, the instructor brings real-world insights that enrich the learning experience. The opportunity to ask questions during live sessions and explore additional modules enhances the practical value of this course. **Certification:** Upon completing all modules, participants receive a Master Class Certificate issued by "E hotel management school" along with individual certificates for each completed module from UDEMY, adding credibility to your professional profile. **Why I Recommend This Course:** - **Specialized Focus:** It provides targeted knowledge on hotel finance and F&B analysis, which is invaluable for finance professionals, hotel managers, or entrepreneurs in the hospitality industry. - **Practical Content:** The use of templates, statistical reports, and real-world examples makes the course highly applicable. - **Expert Instruction:** Led by a seasoned CFO, ensuring insights are grounded in industry experience. - **Flexible Learning:** Modular format allows learners to choose topics based on their requirements. - **Comprehensive Coverage:** Extends beyond basic accounting to include internal controls, cost management, and industry standards like USALI. **Final Thoughts:** If you're involved in or aspire to work within hotel finance, especially in F&B management, this course offers the depth and practicality needed to excel. The combination of expert instruction, industry-relevant content, and certification makes it a valuable investment for professional growth. --- Would you like a brief summary or a promotional blurb for sharing?
Hospitality finance is unique from other industries. A part of the hotel finance department is considered part of hotel operations rather than a support function due to blending into the main operations for cash control, purchasing, material management. Hotel operations are also fast-paced high-volume transactions making it unique and require a lot of internal controls and reconciliations. Being a part of a big moving machine, if finance does not function equally fast, the entire machine gets slows. and if internal control is week, revenue may leak.In this complete Master Class, we will learn all components of the hotel finance function, internal controls, management aspects, and technical accounting. Class is divided into Modules and you will gain access to all modules one by one. you can choose to learn as per your individual requirements. In this module, we will be covering - Templates for Profit & Loss Account for Food and beverage department - Definition of Revenue and Expenses lines in Profit & Loss accounts for outlets and F & B. - Cover Analysis, Food Cost and other statistical reports prescribed by USALI for hotels to maintain for analysisIn other modules, we will be covering, Uniform System of accounting,Accounts ReceivableGeneral AccountingFixed Asset Controls Income AuditCost Control and other departments.This is the third Module of the class. We have also updated the recording of our live sessions for your benefit. You can ask any questions in the Question and Answers. You can check other modules on our instructor page.The instructor of this class is an experienced CFO with over 12 years of experience in hospitality finance, Currently, he is managing 15 hotels in Myanmar.Once you have completed all Modules, you will get entitled to Get a Master Class Certificate issued by "E hotel management school" separately in addition to the completion certificate issued by UDEMY for Completing each module.