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Industry

Hospitality Leadership Through Learning
Industry

Thinking Like a Financial Manager

Equivalent Online Courses

Course Focus

This course provides an understanding of financial-management concepts for managers, supervisors, and team leaders at any level of a hospitality organization who are responsible for project planning, purchasing decisions, capital project selection, and other important initiatives.

Key Benefits

Participants gain an understanding of financial-management concepts that increase their ability to communicate effectively with hospitality financial-management specialists. Participants acquire analytic tools and a framework for making sound operating and investment decisions that lead to value creation for hotel and restaurant owners.

Topics include:

  • Understanding the time value of money
  • Understanding and using capital budgeting rules to provide a framework for making project investment decisions
  • - Net present value (NPV)
  • - Internal rate of return (IRR)
  • - Discounted payback period
  • - Equivalent annual cost
  • - Determining when it's best to lease vs. buy
  • -Identifying relevant project cash flows
  • -Incorporating risk into decisions

Faculty

  • Scott Gibson, Ph.D., Associate Professor, The College of William & Mary School of Business: Ithaca, New York, U.S.A., (June 28 - 30, 2010)

Level A

* Those who have completed “Accounting and Financial Management for Nonfinancial Managers” in Ithaca in previous years should not enroll in this course due to significant overlap of course material.

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