Overview
Who is this for?
Staff who wish to refresh their skills in this area or staff being trained for promotion. Newly promoted staff with responsibility for managing profit.
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:
The course takes place over the morning of the 20th and the 21st of November in the form of an online webinar.
This is an online session with a limited number of places available. Delegates will need access to a laptop or PC with a microphone and web camera to participate in this interactive course. Attendees will receive a link to the session one week before and a downloadable participant pack the day before. (Paper copies can be sent out if you notify Sarah Mcloughlin at least 1 week in advance [email protected] )
Final itineraries and timings will be in your calendar invite.
About the Trainer:
Debra Adams is the founder of arena4finance and the finance4hospitality academy. She is a qualified management accountant and a leading practitioner in delivering courses for developing fundamental financial skills as well as author of the recently updated book “Management Accounting for the Hospitality, Tourism and Leisure Industries – A strategic approach.” Her extensive career has included experience working in operational and financial roles in hospitality and catering and also in education and training. The finance4hospitality academy was launched in 2023 to provide a unique learning resource for the sector.
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
