Finance for Non-Financial Managers
Price Per Participant: USD 900
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Having a big picture of your business enables you to have a broader focus on your own departments and job functions enabling you to make the link between your actions and that of the company’s overall business objectives. Today, companies seek to employ people who have an advanced understanding of accounting and finance, combined with technical skills in order to run the business.This module uses a hotel management simulation developed by industry leaders. You will learn how to understand the story behind a company’s financial statements; elements such as the economic conditions, competitive strategies and change initiatives that impact the company’s ability to make money. These financial skills provide the filter through which management information can be directed to sound decision making and improved business results.
By the end of the Module, participants will be able to:
Identify the important elements of interpreting financial statements
Explain the importance of assessing the competition and the economic conditions of the marketplace to craft sound financial strategies.
Analyze and interpret financial statements (P&L and Cash Flow Statements and the Balance Sheet)
Utilize financial calculations and ratios to generate the most effective management decisions.
Think like a business owner with a holistic view of the company’s objectives—understand the “big picture”
Shift from tactical operational thinking to strategic leadership in competitive market conditions.
a Senior Consultant at Lausanne Hospitality Consulting. He is an operator at heart and has great experience in the field of hotel Management. He has experience in leading owned, managed and franchised hotels. He is result oriented with a strong focus on quality. He has also gained experience in the leisure industry, which reinforces his strong knowledge of owner - operator relations. Jos has been involved in hotel selling and acquisition as well as in rebranding. He has additional project experience in hotel renovations, extensions and has overseen clustering activites. Jos is an alumnus of Ecole Hôtelière de Lausanne. He speaks English, French, German and his mother tounge Dutch.