Finance Fundamentals > Fundamental of Finance for Restaurant and Services Non-Financial Managers

Fundamental of Finance for Restaurant and Services Non-Financial Managers

Course Objectives

Understand the objective of a business
Understand the role and task of the Finance Function
Know the difference between Accounting vs Finance
Review of Basic Terms in Accounting
Understand the Financial Statements, Balance Sheet, Income Statement, Profit & Loss Account, Cash Flow Statement
Interpreting Balance Sheet & Income Statement
Financial Ratios & Interpretations
Restaurant accounts, managing cash flow, Cost of Goods Sold, Operating Expenses, Cost control, costing, product pricing
Performance analysis, benchmarking, risk mitigation in restaurant business

Target Audience

Senior Managers, Manager, Executives, New officers, all employees of the company from Non-Financial discipline
Trainees officers in the company especially in the Non-Finance discipline
Restaurant Managers/Assistant Managers , potential leaders identified in the company for the future expansion
Employees of the company who has limited or NO knowledge on Accounting and Finance but wishes to acquire knowledge on Accounting, Finance and Restaurant Management
Franchise owners, franchisee and licensee in Restaurant business

Methodology

The course will be conducted as an interactive session and course materials will be provided to all participants. Group Project and Case studies will also be used in conducting this programme. Module 3 and 4 will be conducted as a Workshop to effectively enforce understanding. Question and Answer sessions will be opened at the end of every module to enforce understanding and retention. The speaker will also share his experiences on various issues relating to the topic of discussion to further enhance understanding of the issues.

Course Modules

Module 1: Introduction to Accounting and Finance
Module 2: Measuring and Reporting Financial Position using Restaurant Business Accounts
Module 3: Interpreting the Balance Sheet and Income Statement of a Restaurant Business
Module 4: Evaluating Firm’s Financial Position and Performance

Get To Know The Trainer

Hisham was formerly the Head of Academic at International College of Automotive (ICAM), Pekan, Pahang. He was also the Registrar of ICAM from December 2011 till May 2012. He graduated with a Master Degree in Business Administration from Morehead State University, Kentucky, USA in May 1985. He did his Bachelor Degree I Business Administration (BBA) majoring in Finance from University of Oklahoma, Norman, Oklahoma USA in 1984. On his return to Malaysia he joined Institute Technology MARA now known as UITM as a lecturer in the School of Business & Management from September 1985 till March 1987.