COURSE DESCRIPTION:
Hotel Cost Control is an integral part of managing a hotel. In this course, we will be learning various Cost Control techniques that help hotels manage their food and beverage costs as well as other departmental costs to enhance profit.
Cost Control is a phased process which starts with setting standards, recording and measuring against those standards and recommending corrective actions to adjust costs.
This online program aims to teach learners the fundamentals of all Cost Control techniques with practical examples and control templates.
Key Objectives:
- Understanding the principles of Activity-Based Costing
- Assessing where the accounting system over or understates true costs to your firm of providing products and services
Competency Acquired:
- Ability to establish a Standard Costing and determine what aspects of performance are strong or weak using Variance Reports
This course is for:
- Hotel Accountants
- Hotel Finance Team Members
- Hotel Financial Controllers
- Hotel Financial Managers
- Hotel F&B Managers
- Hotel Operation Managers
