Concepts of Budgeting and Forecasting in Hotels and Hospitality Industries

  • Start Date

    19 Oct, 2021

  • End Date

    22 Oct, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

Participants will learn

  • Fundamentals of Budgeting
  • How Revenue is Forecasted
  • How Expenses are forecasted
  • How Capital Budgeting is Done
  • Labour Cost Budget Concepts

 

CONTENT

  • Introduction to Budget and Why we do budgets
  • Process of Budgeting
  • Revenue Forecasting & Budget (Rooms Division)
  • Revenue Budget & Forecasting (F&B and Other)
  • Prepare a Quick Budget Template and Play Around Scenarios
  • Labour Cost Budgeting
  • Budgeting for Other variable & Fixed Expenses
  • Budgeting for Capital Expenditure

 

FOR WHOM:

Chief Accountant, Operations managers, Small Hotel Owners, Finance Managers / Asst Finance Managers, Non-Finance background managers.

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH:              9th – 12th February, 2021                

2ND BATCH:             29th June– 2nd July, 2021

3RD BATCH:             19th – 22nd October, 2021

Other Dates

Start Date End Date
09 Feb, 2021 12 Feb, 2021
Start Date End Date
29 Jun, 2021 02 Jul, 2021
Start Date End Date
19 Oct, 2021 22 Oct, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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