Executive Development Programme Restaurant Finance: Driving Growth Through Financial Management
-- ViewingNowThe Executive Development Programme: Restaurant Finance is a certificate course that focuses on driving growth through financial management in the restaurant industry. This program emphasizes the importance of financial literacy for restaurant owners and managers, enabling them to make informed decisions for business success.
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⢠Financial Planning & Budgeting: Understanding the primary functions of financial planning and budgeting in the restaurant industry.
⢠Financial Statements Analysis: Interpreting income statements, balance sheets, and cash flow statements to make informed financial decisions.
⢠Cost Control & Management: Identifying and managing costs to improve profitability and drive growth.
⢠Pricing Strategy: Developing effective pricing strategies to increase revenue and attract customers.
⢠Capital Expenditure & ROI: Evaluating capital expenditure decisions and calculating potential returns on investment.
⢠Financial Metrics & KPIs: Measuring restaurant financial performance using key performance indicators (KPIs) such as food cost percentage, labor cost percentage, and prime cost.
⢠Cash Flow Management: Managing cash flow to ensure sufficient liquidity and financial stability.
⢠Financial Forecasting & Modeling: Developing financial forecasts and models to support strategic decision-making.
⢠Risk Management: Identifying and mitigating financial risks to protect the restaurant's financial health.
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