Test Your Understanding of a Balance Sheet
What are Assets and Liabilities? And Owner Equity? Take the Quiz to learn why you should know about this financial statement.
What Are the Basics of Balance Sheets?
Only a Balance Sheet can tell you about the financial health of a hotel. Find out how what are the 3 Main Things found on a Balance Sheet!
Assets
Did you know that your hotel revenue is contributed by the assets you have? Do you know what current and fixed assets are?
Liabilities
Do you know what are liabilities of your hotel? Were you aware that liabilities constitute a risk to financial health?
Owner Equity
Did you know how profitability builds up a hotel's capital? Or what is commonly known as owner equity?
How Will You Know Your Hotel's Financial Position?
If revenue management is at the heart of a hotel's financial performance, financial position is the long term health of a hotel.
Learn about Your Hotel Financial Position
Know how your balance sheet tells you about the financial health of your hotel. Learn assets, liabilities and owner equity in the hotel balance sheet example.
Do You Know Your Hotel Assets?
Can you identify the assets that produce your hotel revenue? Learn about current assets and fixed assets that deliver hotel room, food and beverage revenue and more.
Coming Soon...
Hotel Balance Sheet Basics Course for Beginner Managers
Hotel Balance Sheet Basics Course introduces the student to fundamental concepts relating to a hotel assets, liabilities and owner equity. It is simple, non-technical and easy to understand.
It is meant for beginner hotel managers or equivalent.
About Your Course Mentor
Meet Lakshmi Narasimhan Soundararajan
Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.
Lakshmi made up his mind there and then to commit his career to hotel finance training by simplifying numbers for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers and small business owners to Build Financial Skills, Knowledge and Ability in themselves.
His vision is for Financial Skills Academy to be the Ultimate Learning Hub for Hotel Finance Training.
Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.
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