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Designed to help you understand pricing methods and the control of gross profit, this day course will cover the effective execution of daily financial tasks such as ordering, purchasing and gross profit calculation.

Overview

Who is this for?

Newly promoted staff with responsibility for managing profit. Staff who wish to refresh their skills in this area or staff being trained for promotion.

Why should I take part?

The course will help you understand pricing methods and the control of gross profit, as well as assisting you with the effective execution of daily financial tasks such as ordering, purchasing and gross profit calculation. Since staffing costs tend to be a significant expense alongside food costs in food and beverage establishments, the course will also cover wage and salary controls.

How will it help me?

During the event, you will…

  • Understand best practice for ordering, purchasing and calculation of gross profit
  • Learn how to forecast wage and salary cost

Following the event, you will…

  • Be able to manage the cost of sales with better forecasting, correct pricing and less wastage
  • Be able to manage gross profit margin of promotional activity, such as meal-deals and vouchers
  • Understand the basics of what the figures mean

Provisional Itinerary:

0900: Delegates to arrive at TUCO HQ by this time for registration
0930: Start of course
1100: Break - Tea and Coffee
1130: Course Continues
1230: Lunch - Provided by TUCO
1330: Course Continues
1445: Break
1500: Course Continues
1600: End of Course

Please note, this is subject to change. Final itineraries will be uploaded to your Dashboard approx. 1 week prior to event commencement.

About the Trainer:

Debra Adams is the founder of Arena 4 Finance, a leading practitioner in developing courses for developing fundamental financial skills and author of the book 'Management Accounting for the Hospitality, Tourism and Leisure Industries.

Debra has been the Head of Professional Development at HOSPA for over 10 years and was awarded the HOSPA Paragon Award in 2014 for her commitment to financial and revenue management education.

Travel and Accommodation:

TUCO HQ is located at National House 3rd Floor, 36 St Ann Street, Manchester, M2 7LE. It is a short walk from Manchester Piccadilly Train Station and Victoria Train Station.

TUCO Ltd has a corporate contract with Motel One Hotel. The cost per room (single occupancy) is from £69.00 INC VAT and has a 100% cancellation fee up to 6pm on the day of the reservation*. To benefit from this contract please quote TUCO at the time of booking.

*Please note that Motel One does operate some 'blackout dates' whereby these terms do not apply. In the case of a blackout date, nightly rates can include a supplement, and free of charge cancellations must be made at least 3 days prior to your stay.

I am now able to read our budget sheets with a better understanding - Delegate from Cardiff University

The trainer was engaging and helpful – Delegate from Cardiff University

Pricing

Full Member
£99.00
Associate/Affiliate Member
£180.00
Other/Non-Member
£200.00

Location

National House
3rd Floor
36 St Ann Street
Manchester
M2 7LE

FAQs

  • I can’t see a particular course/training, can you run it?

    If you are interested in receiving training that is not already offered by TUCO Academy, pop us an email or give us a call and we will see if we can source it for you. By going through TUCO Academy you will be able to purchase the training at a subsidised rate and if you can offer the training to other members it will reduce the cost further. 

    Does this answer your question? If not, you can contact us directly.

  • Can I request a course or development day be held at my organisation?

    The TUCO Academy has worked hard to offer all training at a subsidised price, agreeing reduced corporate contract rates with hotels etc. - yet still understands the benefits of in-house training. To that end, working alongside the professional trainers, TUCO Academy can arrange for events to be held at your own institution, for no extra cost. 

    Does this answer your question? If not, you can contact us directly.

  • Who can use the training with TUCO Academy?

    All professional development events are available for ANY staff in institutions who are members of TUCO, not just employees in the hospitality, catering and commercial services department.

    Does this answer your question? If not, you can contact us directly.

  • Can I book on behalf of someone else in my organisation?

    Yes – the person making the booking doesn’t have to attend.

    Does this answer your question? If not, you can contact us directly.

  • How do I pay for my professional development event?

    You can opt to pay by credit card on the booking form directly or select to pay by invoice. If you need to submit a purchase order this can be entered in the booking form.

    Does this answer your question? If not, you can contact us directly.

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