In this course, you will develop confidence in your ability to manage the business finances and gain an in-depth understanding of the balance sheet, income statement, and cash flow statement as an integral part of a manager's role in the overall operation.
What you will learn
• Applying financial tools to maximise revenue, decrease costs and increase profitability. • Analysing the profit and loss statement of a Food and Beverage outlet and the requirements to assess the areas of improvement. • Understanding the different types of Key Performance Indicators and how to measure the business health. • Exploring distinct types of price strategy and cost application by employing Menu Engineering. • Determining accurate budgeting and forecasting to mitigate additional costs or goods.