Full course description
Overview
Financial management is key to organisational success, in planning, organising, and the administration of financial resources. Throughout this course, you will be introduced to aspects such as comprehending revenue, expenses, budgets, and profits and introduced to purchasing, receiving, and inventory management.
Additionally, you'll explore menu costing, cost control, pricing strategies and financial statement analysis, providing the tools to make informed decisions for food and beverage within the lodge.
Learning Outcomes
- Understanding revenue, expenses, budgets, and profits
- Understanding the process of purchasing, receiving, and inventory management
- Menu Costing and pricing for food and beverage establishments
- Cost control and financial statement analysis
- Revenue and profit management
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