Master cash management and cost control with this CPD Accredited, Industry Standard course designed for hospitality professionals. Dive into budgeting, cost control processes, and menu engineering to boost profitability. Gain practical skills from modules like Room Revenue Budgeting and Cost Control Checklists. Enrol now to advance your career and maximise restaurant profits!
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Course Overview
The hospitality sector in the UK is booming, with demand for skilled professionals in cash management and cost control rising by over 20% in recent years. Businesses increasingly seek experts who can optimise financial planning and reduce operational expenses. This CPD Accredited course addresses this urgent need, equipping learners with vital skills to thrive in a competitive market.
Through practical modules covering financial modelling, budgeting templates, and cost control processes, you will gain hands-on experience essential for effective cash flow management. From mastering revenue projections to analysing food and beverage costs, the curriculum offers comprehensive, industry-standard training designed to enhance your decision-making and operational efficiency.
Completing this Nationally Recognised course will boost your employability and open pathways for promotion within hospitality finance roles. With sector growth showing no signs of slowing, acquiring these sought-after skills positions you at the forefront of a lucrative career, meeting the high demand for professionals who can deliver measurable cost savings and profitability improvements.
By completing this course, learners will be able to:
This course is ideal for:
After completing the MCQ assessment, you will qualify for the CPD Certificate from HF Online as proof of your continued professional development. You can order your certificate at a cost of £10 for PDF and £29 for hardcopy certificate or both for £39.
For assessing your learning, you have to complete an automated MCQ exam. It is required for the students to score at least 60% to pass the exam. Learners can apply for the certificate after they clear the exam.
There are assignment questions provided at the end of the course. You are suggested to complete the questions to enrich your understanding of the course. You can complete this according to your preferred time. The expert tutor will provide feedback on your performance after assessing your assignment.
Completing this diploma can lead to the following UK job roles:
| Finance and Cash management for Hospitality | |||
| Section 01: Fundamental and understanding concepts | |||
| Introduction and Basis of Projections | 00:05:00 | ||
| Making future plans and potential revenue generating activities | 00:06:00 | ||
| Operational Plans that need to be looked at | 00:06:00 | ||
| Cost management Practices at hotel and ABC system | 00:08:00 | ||
| Other Matters before practical excercise | 00:05:00 | ||
| Section 02: Financial Model and Working on Fianacial model | |||
| Room Revenue Budget Template | 00:05:00 | ||
| F&B Revenue Budgeting Template | 00:10:00 | ||
| banquet and Other operating Depts | 00:10:00 | ||
| Headcount Budget | 00:11:00 | ||
| Payrol and Other Cost Budgeting | 00:12:00 | ||
| Other hotel operational Expenses | 00:10:00 | ||
| Cash Budgeting Excercise | 00:11:00 | ||
| Assignment | |||
| Assignment – Finance and Cash management for Hospitality | 00:00:00 | ||
| Cost Control Process and Management | |||
| Section 01: Introduction & Fundamentals | |||
| Introduction and Fundamental Terms | 00:09:00 | ||
| Fundamental terms – Perishable / Non Perishable cost, Inventory Terms | 00:05:00 | ||
| Qualities of Good Cost Controller | 00:07:00 | ||
| Section 02: Cost Control process | |||
| Cost Control Process and Controls related to Purchasing | 00:10:00 | ||
| How to estimate Kitchen food Order Process Simplified | 00:06:00 | ||
| How to Setup Store PAR for to identify re-order levels | 00:06:00 | ||
| Basic Receiving Process Controls | 00:07:00 | ||
| Basic Store Process controls | 00:08:00 | ||
| Section 03: Production Control and Tests | |||
| Production Controls | 00:05:00 | ||
| Recipe Card & Controls | 00:08:00 | ||
| Buffet Costing and Menu Pricing | 00:08:00 | ||
| Section 04: Test and Checks in Cost Control | |||
| Butcher test | 00:09:00 | ||
| Module 08: Bonus Video – dealing With Emotions & Anger | 00:10:00 | ||
| Module 07: Final Notes and Tips | 00:10:00 | ||
| Slow and Non Moving Inventory | 00:03:00 | ||
| Section 05: Monitoring via reports and Checklist | |||
| Daily & Monthly Food Cost Reports | 00:11:00 | ||
| Menu Engineering Reports | 00:09:00 | ||
| Cost Control Checklist | 00:03:00 | ||
| Assignment | |||
| Assignment – Cost Control Process and Management | 00:00:00 | ||
| How to Analyse & Maximize Restaurant Profits | |||
| Section 01: Introduction | |||
| Introduction | 00:01:00 | ||
| Introduction to F&B Operations | 00:14:00 | ||
| Restaurant Positioning & Designing Concepts | 00:19:00 | ||
| Menu Engineering Concepts Explained | 00:11:00 | ||
| Section 02: Restaurant revenue Analysis | |||
| Cover & Revenue Analysis | 00:19:00 | ||
| Section 03: Menu Engineering Report | |||
| Menu Engineering Report13 | 00:12:00 | ||
| Menu Engineering Example | 00:08:00 | ||
| Strategic Actions based on menu engineering report | 00:13:00 | ||
| Section 04: Cost Analysis & Management | |||
| Understanding and Analysing F&B Cost | 00:13:00 | ||
| Cost Analysis and Management (Video from our Live Workshop) | 00:16:00 | ||
| Assignment | |||
| Assignment – How to Analyse & Maximize Restaurant Profits | 00:00:00 | ||
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