Introduction:

The objective of this seminar is to provide the tools necessary to analyze and control the common accounting rules in the hospitality industry. To define the various types of costs and their significance.

To provide a better understanding of the financial statements and ratio. Define pricing and CVP analysis (cost volume profit analysis). Evaluate investment decisions, monitor hotel operations and prepare budgets in terms of budget process and budget development. That with a pure focusing on investor decision based on a typical feasibility study.

Course Contents :

• Establishing Standard control process

• Understanding, analyzing and interpreting of financial statement

• Cost Management procedures

• The three steps of Pricing Methods

• Standard ratio analysis

• Standard procedures of “Internal Controller”

• Four steps of budget development

• Standard methods of budgeting process

• Analyzing Actual VS Budget

• Cost Volume Profit Analysis

• Investment decision control loop

• Feasibility Study

• Regression analysis

• Supply and demand

Target Audience:

All managers working in hospitality industry mainly accounting and finance staff. It is also related to travel agency and cruise ship managers.

Venue:
Ramses Hilton Hotel

Course Language:
The Course will be held in English language.

Duration:
3 Days: From 14^th to 16^th of March, 2009
From  9:00 am to 2:00 p.m.

Registration Deadline:
Saturday 28^th of February, 2009