Free webinar: Using Flow Through to monitor GOP
Event Information
About this event
The Gross Operating Profit (GOP) is an all important figure in the monthly reports, calculated from Departmental Revenues less the Departmental Costs and Undistributed Operating Expenses. Converting revenues to a target level of GOP is essential for ensuring that we create the bottom line income required to sustain our business for the future. But different types of revenue create different levels of GOP - how do we monitor that we are creating the expected level of GOP? Join us for this webinar to find out more.
In this 60 minute webinar delegates will learn more about:
- Using the Flow Through approach to manage GOP
- Analysing different types of revenue and the associated marginal costs to forecast the expected GOP
The webinar will be hosted by Debra Adams, owner at arena4finance.
Debra Adams is the founder of the business, a leading practitioner in developing courses for improving financial know how and commercial acumen in the service sectors. She is the author of the highly acclaimed textbook 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries' now available here in 2nd edition. The third edition is to be published by Goodfellow Publishing in 2021.
What our clients say:
Debra Adams is simply amazing at helping non-financial managers to not only understand, but actively engage with, the commercial and financial aspects of their operation. She has a wealth of in-depth knowledge of both operational and strategic finance, specifically in the hospitality industry where margins are tight and cash flow imperative. Knowing the content is one thing, but knowing how to teach others is what Debra excels at, with her years of experiences as a professional lecturer, trainer, coach and teacher.
For over 10 years, she has been my go-to person for training any group of managers at all levels to explore and understand the financial story of their business. She is an invaluable member of our delivery team for the Award-winning Master Innholders Aspiring Leaders Diploma and the MIDAS series.
Dr Hilary Cooke, Founder at Merlin Business Consultancy Ltd
Photo courtesy of Scott Graham, Unsplash
Organiser arena4finance
Organiser of Free webinar: Using Flow Through to monitor GOP
The team at arena4finance have had many years of experience developing and delivering one day, online and more extensive courses in hospitality finance for both finance professionals and operational heads of department in hotels, restaurants and leisure facilities.
We regularly provide training support for recognised industry bodies including the Institute of Hospitality, the MasterInnholders, TUCO and the Hospitality Professionals Association (HOSPA). All courses are based on the recommendations of the 11th edition of the Uniform System of Accounts for the Lodging Industry.
Debra Adams, founder at arena4finance, has been involved with the hospitality / hotel industry for almost 30 years and has delivered courses and training to numerous organisations in the hotel and restaurant sector including world renowned hotel schools such as Ecole Hotelier Lausanne and Glion Institute in Switzerland. She is the author of the highly acclaimed text book 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries'. She is also a regular speaker at hotel conferences and business seminars.
We offer a range of short courses and longer for the hotel industry, including:
- Financial Awareness for Head of Departments
- Book keeping and financial accounts preparation for Hospitality
- Management Accounting and Benchmarking for Hospitality
- Strategic Finance Skills for General Managers
- Financial Awareness for Revenue Managers
- Cost Control for Food & Beverage Operations
- Asset Management and Capital Investment Appraisal for Hotel Developments
- Understanding and implementing the USALI
- HOTS Business Simulation - a course based on the highly acclaimed hotel management game ideal for universities and business
These courses are available both for workshop delivery and online via our very own learning management system.
What our clients say:
“On behalf of CMAE England, may I thank you so much for a very successful finance seminar. The seminar was a triumph and we have received some of the best feedback from our members. These include: ‘Fantastic course for a day session’ ‘Excellent course, very informative’ ‘Training given with enthusiasm and presented in a very professional way’ ” Alastair Curbbun CMAE England Education
For more information contact us for an informal discussion at:
W: www.arena4finance.co.uk
E: hello@arena4finance.co.uk
T: +44 (0)1202 849691
Suite 6 Merley House Business Centre, Merley House Lane, Wimborne, Dorset, BH21 3AA
