Hotel Management - Concepts of Budgeting & Forecasting
Revenue & Expense Budgets and Capital Budgeting. Case Study is Hotel Management with universal principals
What you will learn
Fundamentals of Budgeting
How Revenue is Forecasted
How Expenses are forecasted
This is not an Excel Class, We will learn theoretical aspects
How Capital Budgeting is Done
Labour Cost Budget Concepts
Why take this course?
About the Class
Have you wondered what is basis of Budgeting & Forecasting revenue and expenses.
We hold a live workshop lately and discuss this topic in fairly details. This course is re-production from live reocrded videos of workshop to give you a taste concepts in budgeting & forecasting.
Please note this is not an excel class and we are not doing real budget here. however we are understanding fundamentals lying under how revenue and expenses are forecasted.
Who Should Subscribe
You should have some understanding of your business and financial statements.
If you wish to learn the fundamentals of how budget and forecast are created (not relying on excel of system calculations)
About Case Study
Case Study in question is a hotel, hence all concepts are related to hospitality however other industry might get benefit out of it.
If you have any feedback of feel i missed anything please let me know and i will add those
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