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This course teaches financial management procedures and analytical techniques in the context of hospitality decision making.
Key Characteristics of Financial Management in the Hospitality Industry
The first part of the module consists of an introduction to financial management basics and its relationship to accounting. An overview of the Uniform System of Accounts for Hotels (USAH) is given.
Financial Reports and Analysis
The second part of the module deals with preparing year-end financial statements such as balance sheets and profit and loss statements. Also, the question of how to analyse and interpret those statements will be dealt with.
Budgeting and forecasting for the hospitality industry is highlighted in the third part of the course.
Capital Budgeting and Cash Flow Analysis
Capital budgeting and cash flow analysis centers on preparing capital budgets. Trainees are shown how to set up a cash flow statement and how to interpret those figures.
|Location||MODUL University Dubai Campus
4th Floor, ONE JLT, Jumeirah Lakes Towers
|Tuition Fees||AED 4,735 equivalent to USD 1,290|
|Certificate of Achievement||issued by MODUL University Dubai
and the world's leading MODUL Tourism
College of the Vienna Chamber of Commerce
|Eligibility Criteria||Fluent in English language
Contact our advisors for a complete list of requirements
Established in Vienna in 1908, the MODUL brand has over 100 years of legacy in hospitality and tourism education. MODUL University Dubai is the only Austrian university in the Middle East offering 360-degree education with tourism and hospitality as its core offering, at its state-of-the-art campus located in ONE JLT, Dubai.
MODUL University Dubai offers higher education degrees in business, tourism, hospitality, sustainability, public governance and new media technologies as well as foundation and professional vocational training courses.