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Hotel Management - Step by Step Approach to analyse Financial Statements

Subscribe to video course here - https://ehotelmanagementschool.com/course/analyse-financial-statements<br><br>This Course will help you to become expert in hotel management by analysing hotel operational & financial performance with ease.<br><br>In our experience Hotel management professionals in operations does not feel comfortable reading and presenting their department's financial performance due to lack of financial background, knowledge and training.<br><br>Why you should take this course<br><br>Learn how to anlayse Hotel financial statements and with key terms used in operations, cost management ideas.<br>After completing this course you will become in analyzing & present your department's performance easily and professionally.<br>You will be able to understand how your decisions affect profitability of hotel and improve hotels profitability.<br>Give your Career a head start by learning one of they key responsibilities as department / division head i.e. Managing the departmental financial performance.<br>In this unique hotel management course, we will<br><br>Discuss and understand key unique terms used in hotel management.<br>Understand definitions of revenue and expense heads.<br>Drill down all revenue and expenses to the deeper level to gain understanding how to create impact through strategic decisions.<br>Learn how to analyse the overall hotel profit and loss statement.<br>Learn important revenue management & marketing reports<br>Learn cost and operation management reports and cost management ideas.<br>Discuss the profit & loss templates prescribed by USALI<br>All terms explained are in compliance with Uniform system of accounting for lodging industries

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Hotel Management - Step by Step Approach to analyse Financial Statements

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  1. Hospitality Finance A-Z How to Read and Analyse Hotel Income Statements Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  2. Introduction • How to Read and Analyse Hotel Income Statements • Basic Fundamentals of accounting • Accruals • Allocation • Prepayments • Revenue Terms • Quantitative (Occupancy, covers, guests) • Value (Average rate, Rev Par, Ave Check) • Segmentation (Room Revenue Segments, F&B Revenue) • Hotel Profit & Loss Standard Templates as per International Standards (Uniform System of Accounting for Lodging Industries) • Analysis Fundamentals • Marketing Reports to support analysis • Room Segmentations Report • Nationality Reports • Booking Source, Booking Pace Reports • Market Benchmark Reports • Menu Engineering • F&B Revenue Analysis • Expenses Nature & Classification • Method of Analyzing Expenses • Complete P&L Analysis • Presentation in front of Top Management / Owners Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  3. Let’s Take a Quick Q&A before we move further Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  4. Hospitality Operations and Cost Structure Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  5. What is USALI and why its necessary Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  6. Fundamentals of Accounting Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  7. Accruals What are the Example of Accrued Expenses Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  8. Allocation Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  9. Prepayments Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  10. Hotel Profit & Loss Standard Templates as per International Standards (Uniform System of Accounting for Lodging Industries) Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  11. Hotel Financial Reports - Components Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  12. Grand P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  13. Step 1 & 2 Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  14. Room Division P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  15. Room Division P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  16. F&B Division P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  17. F&B Division P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  18. Other Operating Department P&L Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  19. Administrative Expenses Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  20. Maintenance & Utlilities Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  21. Sales & Marketing Expenses Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  22. P&L Analysis Measures Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  23. Horizontal Analysis • Compares two periods , Need comparative P&L • Shows the absolute change in dollars & % Change between two periods Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  24. Vertical Analysis • Often referred to as common size analysis • Calculating the % of individual revenue to total Revenue • Expenses are also analyzed with reference to total Revenue Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  25. Ratio Analysis Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  26. Ratio Analysis –Things to Remember Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  27. Transient Rooms Revenue • FIT Room Revenue • Discount – Packages /Advance Purchase or with other sort of discount based on rules. • Qualified – Special rates depending on meeting some criteria such as government employee • Wholesale an be offline or online • Groups Room Rev (Min 10 Rooms) • SMERF – Social, Military, education, religion, fraternity • Contract Room Revenue / Permanent Room Revenue - (More than 30 days in one contract) • Other Revenues • No Show • Day Use • Early / Late Departure • Extra Bed Rooms DivisionRevenue – Presentation Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  28. Outlet wise breakdown • Food Revenue • Whether coffee / tea is food revenue? • Beverage Revenue • Audio Visual • Cover Charges • Equipment Rental • Gross Recording or Net margin? • Allowances Meal Periods and menu types in next video Food & Beverage DivisionRevenue – Presentation Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  29. Operating and Marketing Reports Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  30. Revenue by Business Source / Distribution Channels Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  31. Guest Nationality Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  32. Booking Lead Period and Pace Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  33. Competitor Bench Marketing Report Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  34. Upselling / Upgrading • Guest pay for one room type but stay in another room type • Upselling is paid • Upgrade is free due to many possible reasons • Upselling is revenue maximization opportunity • Upgrade is considered as value add service, usually offered to convert potential sales into business. • Upgrades should be controlled though paid and stay statistics Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  35. Menu Engineering Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  36. Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  37. Expenses – Labor CostManagement & Non Management What are the factors to remember Why do we segregate like this? Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  38. Why do we segregate like this? Expenses – Labor CostSegregation by Department on Non Management Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  39. Rooms DivisionExpenses – Labor CostService Charge Distribution - Treatment Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  40. Rooms DivisionExpenses – Labor Cost Other Components Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  41. Labour Cost Analysis Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  42. Expenses – Other Departmental Costs • Nature – Variable & Fixed • Expense Control Reports Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  43. Variable & Fixed Expenses Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  44. Expenses Control Reports Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  45. Profit & Loss Analysis - Steps Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  46. Step 1 & 2 Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  47. Step 3 – Room Division Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  48. Step 3 – F&B Division Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  49. Cost Management Ideas Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

  50. Thank you so Much • Questions please post to Q&A sessions • Did I missed any topic? Please post in Q&A Session • Please Review the course. Copyright - Excel Finance Academy Follow our YouTube Channel and Facebook Page linked in description to support

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