Financial Statements with no doubt provide valuable information on a hospitality organization’s finances. As an interested party (existing or potential investor, manager, supplier, creditor, auditor, etc.) it is indispensable that you understand fully the nature, content and messages that the different financial reports convey for many different areas of the business. In addition, you need to have mastery of the appropriate analysis tools in order to evaluate financial performance and make the right decisions.
Upon successful completion of this certificate you will be able to:
- Identify and discuss the application of accounting principles and concepts
- Recognize the purpose and mechanics of the income statement and prepare different income statements
- Understand the purpose and content of the balance sheet and formulate a balance sheet based on debit and credit rules
- Explore the importance of cash flows and produce the statement of cash flows
- Appreciate the value of the statement of retained earnings and the statement of shareholders’ equity
- Apply different methods for measuring and analyzing business performance
This certificate consists of the following six two-week courses:
- Accounting Principles and Concepts in Practice
- Exploring Operating Performance Through the Eyes of the Income Statement
- The Financial Condition of A Business As Depicted in the Balance Sheet
- The Contribution of the Statement of Cash Flows
- Statements of Retained Earnings and Shareholders’ Equity
- Analyzing Business Performance for Decision Making
Code: FIN513
Duration: 6 weeks
Credits: 3 U.S./10 U.K.
Courses: 6
Award: Certificate of Completion in ‘Understanding Financial Statements for Hotels and Restaurants’.
Price: $590
Reviews
There are no reviews yet.