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Designed to help you understand pricing methods and the control of gross profit, this day course will cover the effective execution of daily financial tasks such as ordering, purchasing and gross profit calculation.

Overview

Who is this for?

Staff who wish to refresh their skills in this area or staff being trained for promotion. Newly promoted staff with responsibility for managing profit.

Why should I take part?

The course will help you understand pricing methods and the control of gross profit, as well as assisting you with the effective execution of daily financial tasks such as ordering, purchasing and gross profit calculation. Since staffing costs tend to be a significant expense alongside food costs in food and beverage establishments, the course will also cover wage and salary controls.

How will it help me?

During the event, you will…

  • Understand best practice for ordering, purchasing and calculation of gross profit
  • Learn how to forecast wage and salary cost

Following the event, you will…

  • Be able to manage the cost of sales with better forecasting, correct pricing and less wastage
  • Be able to manage gross profit margin of promotional activity, such as meal-deals and vouchers
  • Understand the basics of what the figures mean

Provisional Itinerary:

The course takes place over the morning of the 20th and the 21st of November in the form of an online webinar. 

This is an online session with a limited number of places available. Delegates will need access to a laptop or PC with a microphone and web camera to participate in this interactive course. Attendees will receive a link to the session one week before and a downloadable participant pack the day before. (Paper copies can be sent out if you notify Sarah Mcloughlin at least 1 week in advance [email protected] )

Final itineraries and timings will be in your calendar invite.

About the Trainer:

Debra Adams is the founder of arena4finance and the finance4hospitality academy. She is a qualified management accountant and a leading practitioner in delivering courses for developing fundamental financial skills as well as author of the recently updated book “Management Accounting for the Hospitality, Tourism and Leisure Industries – A strategic approach.” Her extensive career has included experience working in operational and financial roles in hospitality and catering and also in education and training. The finance4hospitality academy was launched in 2023 to provide a unique learning resource for the sector.

I am now able to read our budget sheets with a better understanding - Delegate from Cardiff University

The trainer was engaging and helpful – Delegate from Cardiff University

Pricing

Full Member
£50.00
Associate/Affiliate Member
£75.00
Other/Non-Member
£100.00

FAQs

  • I can’t see a particular course/training, can you run it?

    If you are interested in receiving training that is not already offered by TUCO Academy, pop us an email or give us a call and we will see if we can source it for you. By going through TUCO Academy you will be able to purchase the training at a subsidised rate and if you can offer the training to other members it will reduce the cost further. 

    Does this answer your question? If not, you can contact us directly.

  • Can I request a course or development day be held at my organisation?

    The TUCO Academy has worked hard to offer all training at a subsidised price, agreeing reduced corporate contract rates with hotels etc. - yet still understands the benefits of in-house training. To that end, working alongside the professional trainers, TUCO Academy can arrange for events to be held at your own institution, for no extra cost. 

    Does this answer your question? If not, you can contact us directly.

  • Who can use the training with TUCO Academy?

    All professional development events are available for ANY staff in institutions who are members of TUCO, not just employees in the hospitality, catering and commercial services department.

    Does this answer your question? If not, you can contact us directly.

  • Can I book on behalf of someone else in my organisation?

    Yes – the person making the booking doesn’t have to attend.

    Does this answer your question? If not, you can contact us directly.

  • How do I pay for my professional development event?

    You can opt to pay by credit card on the booking form directly or select to pay by invoice. If you need to submit a purchase order this can be entered in the booking form.

    Does this answer your question? If not, you can contact us directly.

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