Financial Accounting
Teaching Details
- The profit- and loss statement
- Understanding the cost- and profit centers
- How to define cost centers, profit centers and service centers
- How different types of expenses work within a hotel
- How to calculate the profitability of departments
- How to calculate the profitability of services and products
- How to allocate overhead expenses
- How to allocate operational expenses
- How to use market segments for profitability
- Setting up a profit- and loss statement per market segment
- Setting up a profit- and loss statement per department
- How to calculate room rates for a new hotel project
