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Course Overview
Embark on a transformative learning journey with the UK’s most innovative home study provider, offering courses designed to unlock your true potential and facilitate the career change you desire. Access our distance learning courses directly from anywhere, anytime, and acquire industry-recognised Professional Qualifications essential for advancing in your career.
Specifically, explore the flexible and convenient Finance and Cash Management for Hospitality course, an ideal way to gain a diploma qualification. Whether you aim for further education, improved job prospects, or expanded knowledge, this comprehensive course allows you to prepare thoroughly for exams or careers through home study. Plus, it’s structured to be accessible and beneficial even if you have no prior knowledge in Finance and Cash Management for Hospitality.
The hospitality industry has been profoundly impacted by the ongoing pandemic, with businesses facing unprecedented challenges in maintaining financial stability and ensuring long-term survival. Effective cash management has emerged as a critical factor in navigating these turbulent times, as businesses strive to adapt to evolving consumer trends and economic uncertainties. This course addresses the pressing need for hospitality professionals to implement alternative revenue-generating strategies, optimise operational efficiency, and adopt prudent cost management principles to safeguard the financial health of their establishments.
By exploring alternative revenue-generating strategies tailored specifically to the hospitality sector, participants gain valuable insights into diversifying income streams and mitigating the adverse effects of revenue fluctuations. From exploring innovative marketing initiatives to leveraging technology-enabled solutions for enhanced guest experiences, the course equips participants with the knowledge and tools needed to drive revenue growth and maximise profitability in challenging market conditions. Additionally, participants learn essential operation and cost management principles aimed at enhancing operational efficiency, reducing overheads, and optimising resource allocation to achieve sustainable cost savings.
Course Key Topics
the Finance and Cash Management for Hospitality course is one module.
1 . Finance and Cash Management for Hospitality
- Introduction and Basis of projections-Cash Management for Hotels
- Making future plans and potential revenue generating activities
- Operational Plans that need to be looked at
- Cost management Practices at hotel and ABC system
- Other Matters before practical exercise
- Room Revenue Budget Template
- F&B Revenue Budgeting Template
- Banquet and Other operating Depts
- Headcount Budget
- Payroll and Other Cost Budgeting
- Other hotel operational Expenses
- Cash Budgeting Exercise
(Please click on the curriculum tab above to see a detailed view of each module)
Tutor Support
Our Finance and Cash Management for Hospitality course is designed to provide you with comprehensive materials to guide you through your learning journey. You’ll have the support of your own personal tutor, who will be there to assist you with your coursework and answer any questions you may have. Furthermore, our Student Advisors are always available to provide you with practical advice and guidance via the online portal, email or phone, ensuring that you’re fully supported throughout your studies.
Course Assessments
The Finance and Cash Management for Hospitality course at Open Learning College is designed to provide a comprehensive and flexible learning experience. Unlike traditional exam-based courses, our course is marked through a process of continuous assessment, which is guided by your personal tutor and is an un-regulated course awarded by the Open Learning College via the Open Pathway Accreditation programme (OPA.dip).
This means that you won’t have to worry about memorising information for a final exam. Instead, you will have the opportunity to learn at your own pace and apply your knowledge through practical assignments and quizzes at the end of each module. Our online platform allows you to access the course from anywhere and at any time.
Once your assignments have been verified and assessed, you will be awarded a certificate of achievement from Open Learning College. This certificate confirms that you have met all of the learning outcomes and assessment criteria for the Finance and Cash Management for Hospitality course, and demonstrates your competency and knowledge in this field. With this qualification, you can advance your career or pursue further studies in the field of Finance and Cash Management for Hospitality.
Course Duration
We recommend you spend approximately 2 hours of your time studying for Finance and Cash Management for Hospitality course. The pace of study is completely up to you.
Get started today, and you can earn your Open Pathway Accreditation Diploma (OPA.dip) in Finance and Cash Management for Hospitality.
Course Entry Requirements
At Open Learning College, we firmly believe that education should be accessible to everyone, regardless of their background or previous education experience. That’s why we’ve designed our Finance and Cash Management for Hospitality course to be open to anyone who is interested in learning more about this fascinating subject, without any prior knowledge or experience required.
We want to give everyone the opportunity to expand their knowledge and take part in a highly rewarding online course, which is why we keep our entry requirements to a minimum. This means that you can start the course at any time and study at your own pace for up to 12 months from the date of initial registration, with the full support of a personal tutor.
Course Enrolment Fees
We want to make sure that you get the best value for your money, which is why we have included the registration fee, certification fee, and full tutor support in the course price. Enrolling in the Finance and Cash Management for Hospitality course would usually cost £123.75, but for a limited time, you can get a 20% discount and pay only £99 if you enrol online and pay in full.
Note: Instalment plans are not available to our international students.
Course Qualifications
This course is certified by the Open Learning College via the Open Pathway Accreditation Programme.
You will receive the Open Pathway Accreditation Diploma (OPA.dip) from Open Learning College.
What’s Included
Your course fee covers everything you will need to successfully complete the Finance and Cash Management for Hospitality online study course and earn your qualification:
A full range of student services, including:
- All textbooks, study folders, and/or online learning aids designed for online learning
- Life-time access to the online student portal Xperience™ (Student Chat, Forums and Online Support Resources)
- Comprehensive Study Guide & Study Plan
- PDF certificate to show employers (employer has access to certificate validation)
- Life-time access to Career Hub our dedicated portal to support our students career aspirations.
- Invitation to job fairs and career days for your business faculty.
- A diploma from the Open Learning College from our Open Pathway Accreditation programme (OPA.dip).
- One year’s educational support by a specialist tutor in your chosen course field.
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Course Content
Finance and Cash Management for Hospitality – FREE Course Starter Pack
Module 1 – Finance and Cash Management for Hospitality
Course Resources
Final Exam
College Announcements
💼 Enhance Your Hospitality Skills with Finance and Cash Management! 💼💰
Ready to dive into the world of financial management in hospitality?
For a limited time, seize the opportunity to enrol in our Finance and Cash Management for Hospitality course with an exclusive £50 discount!
Use code HOSP50 at checkout before the month concludes!
🌟 Why Choose Our Finance and Cash Management for Hospitality Course
Presented by Open Learning College, this course equips you with essential financial skills tailored for the hospitality industry. Explore topics such as budgeting, revenue management, and cost control, all crucial for effective financial management in hotels and restaurants.
💡 What Makes Our Course Shine
Industry-Relevant Content: Gain insights from real-world case studies and examples specific to the hospitality sector.
Expert Guidance: Learn from experienced instructors with extensive knowledge in hospitality finance.
Flexible Learning: Access course materials anytime, anywhere, and study at your own pace.
Don't miss this chance to elevate your hospitality career at a discounted rate! Enrol now, use code HOSP50* at checkout, and embark on your journey towards mastering finance and cash management in hospitality. 💼💰🏨
*This discount code cannot be used in conjunction with any other offer.
Daniel Harris