Speak to a Student Advisor

Call Us 0844 357 7777

Call Us 0844 357 7777

20% OFF* All Courses this month...

£ GBP
  • £ GBP
  • $ USD
  • € EUR

Finance and Cash Management for Hospitality Course

Join us for the Finance and Cash Management for Hospitality Course, designed specifically for British English speakers working in the vibrant hospitality industry. This course offers practical guidance and insights into managing finances effectively within hospitality establishments. Participants will learn…

Bestseller
4.8/5.0 Reviews
6321 Students
  • Last updated 18 April 2024
  • English
  • Accredited Course
Video Images

Get this course FREE when you enrol on any course with an OLC course code.


 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.

  Get Social!


“Join our socials for daily inspiration, discounts, insightful content, and a community of like-minded learners.”

    https://twitter.com/OLC_Connect      
         

Scan the QR code with your phone camera and like and follow us or click on the QR code to open our social pages.


ENROL NOW

 

What Will You Learn?

  • In the Finance and Cash Management for Hospitality Course tailored for British English speakers, participants will gain comprehensive knowledge and practical skills essential for effective financial management within the hospitality industry.
  • Throughout the course, learners will delve into key topics such as budgeting, forecasting, and cash flow management specific to hotels, restaurants, and event venues.
  • Participants will also explore strategies for optimising revenue, controlling costs, and mitigating financial risks commonly encountered in hospitality operations.
  • Additionally, the course will cover financial analysis techniques tailored to the hospitality sector, enabling participants to make informed decisions to enhance profitability and sustainability.
  • Whether you're a hotel manager, restaurant owner, or aspiring hospitality professional, this course provides invaluable insights and tools to excel in financial management within the dynamic and competitive hospitality landscape.
  • Join us on this educational journey to elevate your financial acumen and drive success in the hospitality industry.

Career Hub - CLAZMA.COM


Career Hub


Register as a student and gain lifetime access to our comprehensive career hub, an all-in-one platform brimming with career and industry leading resources. Unleash your potential, impress employers, master essential business skills, and pave the way for your dream career.

At Open Learning College, we understand that achieving your desired career or role requires more than just a certification. That’s why our comprehensive Career Hub offers you unlimited lifetime access to a wealth of courses, PDF’s and tools, meticulously curated to empower your professional advancement. Developed and continually updated by industry leaders and career experts, the Career Hub provides you with trustworthy advice and resources on various career aspects, ensuring you have instant access to the guidance you need to succeed.

  • CV Builder: Craft a compelling CV customised to meet the specific needs and expectations of employers and recruiters.
  • Job Search Engine: Explore a vast collection of global job openings gathered from various job boards, companies, and agencies all in one place.
  • Career Planner: Map out and manage your career to-do list
  • Mock Interview Training Platform: Enhance your interview skills by practicing with a realistic mock interview and revising common interview questions.
  • Cover Letter Wizard: Effortlessly customise your cover letter for every job application
  • First Impression Generator: Enhance your networking skills and leave a lasting first impression

 

Enrol today and unlock your full potential to pave the way to career success.


Visit us at the Career Hub


 

Xperience™ - Student Hub


Xperience™


Xperience™ our student hub is a comprehensive online platform designed to enhance the learning experience and support students throughout their educational journey

We understand that studying from home can be an entirely new experience for you, and it’s okay to feel a little intimidated because it’s not the typical “classroom environment.” However, we want to assure you that you’re not alone, and we’re here to help you every step of the way. To ease your concerns, we’ve created a welcoming online student community where you can interact with your tutor and fellow students who share your interests.

As a student of Open Learning College, you’ll have exclusive access to our online student portal, Xperience™, which offers a wealth of resources to enhance your learning experience. You can connect with other students, explore our extensive resource library, and manage your account efficiently. Our comprehensive support system is committed to ensuring that you have the best possible learning experience throughout your journey.

You will be able to use Xperience™ to:

– Full access to the Metaverse and our student community.

– Access the student forum which allows you to share ideas and chat with other students.

– Access free online games, for when you need a break from studying.

– View the study guide with plenty of useful hints and tips on how to get the most out of your course.

– View your tutor’s feedback on your marked assignments.

– View optional reading lists for your course (where available).

– Access free courses such as: Improving Learning Skills, Job Interview Skills, The Effective Learner, Goal Setting and Time Management, Ten Tips to Complete a Good Test Paper and others.


ENROL NOW


 

Online Learning Explained


Remote Learning Explained


Metaverse Learning

In this era of technological advancement, the way we learn has also evolved. Open Learning College introduces learning in the Metaverse, a concept that brings the learning experience right to your digital doorstep. With this innovative approach, you can create your avatar and visit your virtual campus and explore your chosen course from the comfort of your home, the coffee shop down the street, or even while relaxing at the park. Through cutting-edge platforms like V.O.I.C.E, we deliver course materials, tutor guidance, and engaging content online. This means you have the freedom to choose when and where you learn, all while staying connected with tutors and fellow learners.

Unleash the Power of ZOOM

Open Learning College offers dynamic learning through Zoom. With Zoom, you can join live interactive sessions, virtual classrooms, and connect with your instructors. Zoom provides the bridge to real-time discussions, making learning engaging and responsive. No need to be physically present; you can actively participate from anywhere with an internet connection. Zoom transforms your digital device into a window to knowledge, ensuring that learning is an accessible, collaborative, and exciting journey.

Virtual Classroom (LMS)

Our comprehensive Learner Management System empowers your learning experience. Designed for ease and accessibility, the LMS lets you access course materials and associated resources. With the LMS, you are in control of how you manage your learning journey. You can organize your study plan, access resources, and stay on top of your course. The LMS is the key to personalised learning, ensuring that you navigate your educational path with confidence and independence.

V.O.I.C.E.

Open Learning College’s approach empowers you to embrace remote learning like never before. Through our industry leading, innovative platform V.O.I.C.E we incorporate the  Metaverse, Zoom for Education, and our incredible Learner Management System (LMS), you have the tools to create a learning experience tailored to your needs. The digital era has redefined education, making it more flexible, accessible, and engaging. With us, you can embark on your learning journey with the power of technology at your fingertips, whenever and wherever you want.


ENROL NOW

FAQ's - Our most frequently asked questions


Got A Question?


How does distance learning work?

To ensure studying is flexible and convenient, most of our courses are divided into modules. You work through each module at your own pace and time. Once completed, submit the test, quiz, or assignment for marking. The support period is dependent on the type of course you choose; our minimum support period is one year.

When can I start the course?

The answer is simple, when YOU want; you can start the course at any time we do not have any set enrolment dates. Most of our courses don’t requireany previous experience or qualifications. All you need is a desire and motivation to succeed. You can even start right now – call and speak to one of our Course Advisors.

How long does the course take?

This is dependent upon your choice of course and how fast you want to learn. A full breakdown of the course is available in the course brochure or online. We do provide estimated number of study hours; ask our course advisors for details.

Do the courses have tutorial support?

Yes, you will be allocated a tutor who specialises in your chosen subject and will guide you through the course, mark your assignments and generally help you with any problems you may have.

If I fail an assignment can I retake it?

Yes, your tutor will ask you to resubmit your assignment and give you support as to where you could improve.

How do I get help with my course work?

You can get help by submitting a question to your tutor via the online portal and by submitting your assignments for marking. You must send your assignments one at a time so the tutor can mark one and give you feedback.

Will I get a qualification at the end?

Our courses provide you with a dual certification upon successful completion of the course. You will receive an Open Pathway Accreditation (OPA.dip) from our college. The second qualification will be awarded by the Ofqual awarding body for the course.

Will I have to sit an examination?

Most of our courses do not require you to sit examinations, only continual assessments. Where there are examinations required, you will receive all the information you need to make your own exam arrangements. Please note exam fees are not included in your course fee, unless otherwise stated.

Do I have to buy any other materials?

Our comprehensive course materials are designed to be self-contained with all the relevant information you require to complete the course and gain the relevant certification. However, some of our students undertake additional reading via relevant textbooks/study guides and/or the Internet to add value to their studies.

I’m not sure of what course I should take, Can you help?

Yes we can, it is important that you pursue a course which you will enjoy. Although we cannot make this decision for you, we employ a team of dedicated Professional Course Advisors, who will guide you towards making the right choice. Whether you want specific information, or just a chat about what’s available, contact us now.

Why choose Open Learning College?

The breadth and depth of our portfolio of courses means that we will have a course to interest you. We are committed to your success and offer advice and support through every step of the process. We have a dedicated team of Professional Course Advisors that can give you access to career and study advice,whilst offering you excellent value and quality courses.

Please contact us if you have not found the answer you are looking for.

Connect with Us

Hardware - Get a Tablet with your course preloaded


Get a tablet with your course pre-loaded


When you enrol with Open Learning College we can supply you with a Samsung Galaxy tablet (or equivalent) which is an excellent option for both work and play. Gone are the days when you need to rely on a desktop to get your work done. The best student tablets put power, portability and performance at the forefront of innovation and are sure to make student life a whole lot easier.

 

Is a tablet useful for students?

As a student, you are going to need a device that can work and play as hard as you do. Whether it’s note taking in lectures, researching, writing assignments or binge watching Netflix after a night out, a Samsung tablet has you covered.

A tablets offer the ideal balance between a smartphone and a traditional laptop. They are both highly portable; great when you are out and about  and powerful so you don’t need to worry about running out of battery mid way through a class.

Plus, the Samsung Galaxy Tab series is S Pen compatible giving you even more creative freedom. Whether it’s writing directly onto the screen so you can take notes or drawing and designing projects to share with others, the S Pen for Galaxy Tabs gives you the power to go beyond the norm of basic touch interaction. 

 

How can I use my tablet to study?

Bursting with awesome apps, a Samsung Galaxy Tab is the essential study companion. We’ve listed some of the ways your Galaxy Tab can help you study for assignments and ace your exams.

You can: 

1. Your tablet will come pre-loaded with your course links, that are easily accessible from your desktop.

2. Complete assignments using much loved productivity apps including Google Docs and Microsoft Office

3. Edit documents effortlessly with the awesome S Pen for Galaxy Tabs

4. Collaborate with your peers using video conferencing apps such as Zoom and Microsoft Teams

5. Access class recordings to keep up-to-date remotely

6. Access the Metaverse to visit Xperience™ our Student Hub or to join a lecture for your course. 

7. Juggle assignment deadlines with organiser apps such as myHomework

8. Take detailed lecture notes using Samsung Notes

9. Write, annotate and share group work using collaborative apps such as Google Docs

 

Can you use Zoom on a tablet?

Whether you’re working on a collaborative project or catching up with loved ones, you’ll be able to access Zoom on your Galaxy Tab. Zoom is available on the Google Play Store so you can stay connected wherever you go.

 

What are the best apps for studying?

With so many amazing apps available on Samsung tablets it can be hard to know where to begin when it comes to studying. Here are our top 5 free study apps to get you started (click on the app names to see more):

1. Samsung Notes: Write, draw and highlight in a variety of styles and colours during your lectures and meetings

2. Google Drive: Great for collaborative working whether it’s a word document, spreadsheet or formal presentation. Find your documents in Google Drive where they are saved to the free Google cloud service.

3. myHomework: A digital planner that enables you to track classes, assignments, exams and group projects so you’ll be sure never to forget a deadline

4. Microsoft Lens: Enables you to take pictures of whiteboards, blackboards, journals and other printed documents. The app will crop out everything around it and convert it into editable and shareable text.

5. RefMe: Getting to grips with source referencing in your essays can be a bit of a headache. RefMe makes the process of finding and citing sources quicker and easier. It also has thousands of educational resources which can be a great place to start your assignment research.

 

How to get your tablet?

At checkout when you enrol, you will be given the option to add your tablet and associated peripherals.  A full description of the tablet, model, size and technical specifications will be listed. 

ENROL NOW

Technical Requirements


Minimum technical requirement for online courses


If your course is being delivered online, please ensure you meet the requirements below.

For Windows, the minimum requirements may include a Windows operating system (such as Windows 7, 8, or 10), a processor with a speed of at least 1.6 GHz, at least 2 GB of RAM, and a graphics card with at least 128 MB of memory.

For Mac, the minimum requirements may include an Apple operating system (such as OS X 10.11 or later), a processor with a speed of at least 1.6 GHz, at least 2 GB of RAM, and a graphics card with at least 128 MB of memory.


ENROL NOW

 

Contact Us - I'm still not sure, can you help me?


Contact Us


Explore the power of our AI Chat Bot, iCarly! Crafted with cutting-edge artificial intelligence, iCarly is designed to respond seamlessly to your queries, offering a human-like interaction. Proficient across diverse courses, careers, and educational domains, iCarly converses fluently in a range of languages, including English, Arabic, Italian, German, Hindi, Welsh, Swedish, Polish, Czech, Spanish, Maltese, and French.

Enjoy the convenience of a 24/7 accessible resource — click on the chat icon at the bottom right of this page, ask her anything, try it out now and supercharge your learning experience!

Alternatively you can contact us using the details below. 

Open Learning College
London Campus
124 City Road
London
EC1V 2NX

Tel: +44 (0) 844 357 7777
WhatsApp: +44 (0) 7521 454418
Email: [email protected]


ENROL NOW

Course Content

Finance and Cash Management for Hospitality – FREE Course Starter Pack

Module 1 – Finance and Cash Management for Hospitality

Course Resources

Final Exam

Student Ratings & Reviews

5.0/5Out of 5
1 Review
5 Star
100%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
13 March, 2024
5.0
The Finance and Cash Management for Hospitality course exceeded my expectations. It provided a comprehensive understanding of finance and cash management principles, specifically geared towards the unique challenges faced by the hospitality industry. The practical exercises, such as the headcount budget and payroll budgeting, allowed me to apply theoretical knowledge to real-world scenarios effectively. Overall, this course has equipped me with the skills needed to drive revenue growth and ensure financial stability in the hospitality sector. Highly recommend to hospitality professionals seeking to enhance their financial management skills!
Daniel Harris

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.