Course Details

This course teaches financial management procedures and analytical techniques in the context of hospitality decision making.

Focal Points

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/Forecasting

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.

Reserve Your Spot Today

Location MODUL University Dubai Campus
4th Floor, ONE JLT, Jumeirah Lakes Towers
Tuition Fees AED 4,735 equivalent to USD 1,290
*all fees are exclusive of value added tax (VAT).
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

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Contact Us

Nikola Kovacevic

Account Manager
Corporate and Executive Education

T. +971 4 510 1428
M. +971 52 212 2520
E. nikola.kovacevic@modul.ac.ae

Corporate Partners

About MODUL University Dubai

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.

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