Develop your commercial awareness and facilitate your understanding of the key financial competences required to manage a business successfully, such as forecasting and business analysis.

Overview

Who is this for?

Staff who are required to use and interpret regular financial reports on their department, recently promoted staff who may not have had to deal with finances directly or anyone who finds the various accounting terms a bit puzzling.

Why should I take part?

There is a constant need to regularly measure, monitor and report on hospitality operations to ensure that the strategic objectives of the operation are being met. The objective of the ‘Finance for Non-Financial Managers’ one day course is to develop commercial awareness and to facilitate delegates’ understanding of the key financial competences required to manage a business successfully, such as forecasting and business analysis.

How will it help me?

During the event, you will…

  • Learn about The Income and Expenditure Report:
    • The basic principles
    • Explanation of financial terminology
    • Business controls to manage revenue and cost
    • How to trade and make a profit
    • Calculation and interpretation of business figures
    • Brief overview of the difference between CAPEX and operational spend
  • Learn about Introduction to the Balance Sheet: 
    • Long term vs. short term assets
    • Working capital
    • Profit measurement in relation to investment
  • Learn about Introduction to the Cash flow:
    • Planning for cash requirements
    • Working capital controls
    • Simple KPI’s to measure performance

Following the event, you will…

  • Think, talk and act more commercially aware within the workplace
  • Understand and interpret financial reports
  • Be able to calculate and analyse key financial figures
  • Develop action plans based on financial performance

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:

The day course will be run by Debra Adams, Head of Professional Development at arena4finance. She is a leading practitioner in delivering courses to develop fundamental financial skills in the hotel and catering sector and is the author of the highly acclaimed text book 'Management Accounting for the Hospitality, Tourism and Leisure Industries.’

Additionally Debra has been the Head of Professional Development at the Hospitality Professional Association (www.hospa.org) for over 10 years and was awarded the HOSPA Paragon Award in 2014 for her commitment to financial and revenue management education.

Testimonials:

  • The trainer was excellent, very calm and clear! - Delegate from Loughborough University
  • A tough but rewarding day with a wealth of information available. Well-structured and presented with a clear objective and focus through-out. - Delegate from Edge Hill University

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 have a corporate contract with Motel One Hotel. The cost per room (single occupancy) is £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.

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.