Sponsors
We are pleased to offer one day workshop sessions supported by secure access to an online classroom with interactive resources and case studies relevant to the course including opportunities for continuing discussions with course participants and facilitators.
Forthcoming course dates:
The implications of the introduction of IFRS for SMEs with BDO: Tuesday 27 April 2010 (Half day)
Improving Business Performance: Tuesday 18th May 2010
Performance Monitoring: Tuesday 15th June 2010
Asset Management & Decision-Making: Tuesday 6th July 2010
Introduction to the Uniform System of Accounts: date to be advised (Half day)
Please scroll down for further information on the individual courses.
Who are these courses for?
This series of courses have been designed for financial controllers and assistants, auditors, consultants, research analysts and senior managers. Successful completion of the courses will provide CPD points leading to Fellowship membership of BAHA. The courses can also be used as relevant CPD for other professional accounting bodies where professional development is now mandatory for continued membership.
What are the benefits?
The professional speakers are of the highest quality with considerable expertise of the hospitality industry;
The learning and professional development opportunities are of great value and count towards CPD points;
The programme promises to be challenging with networking and socialising at the evening events;
The complete package with three workshops and networking social events represents excellent value;
The programme provides an excellent link between theory and practice.
What the delegates say:
‘The industry speakers during the course support the link between theory and practice – I found it extremely useful’ (David Grossniklaus, Analyst, Deloitte)
‘I found the training excellent. There was a lot to include in the one and a half days but I found it incredibly informative and well presented’ (Nicky Roberts, Management Accountant, Red Carnation Hotels)
The implications of the introduction of IFRS for SMEs with BDO
This half day course is likely to be relevant to those involved with the preparation of financial statements at all UK Hotel Companies which are not small and are currently reporting under UK GAAP.
The ASB published its proposals for the future of UK GAAP in August 2009 and, from as early as 2012, IFRS (or the abridged SME version) is likely to be the default accounting framework in the UK.
The ASB is proposing a three tier approach as follows:
Tier Nature of entity Accounting regime
1 Listed and publicly accountable Full EU endorsed IFRS
2 Non-publicly accountable entities IFRS for SMEs
3 Small (as currently defined)* FRSSE
* Companies that do not exceed two of the following criteria (Turnover £6,500,000, Balance Sheet Total £3,260,000, Average number of employees 50)
For companies in tiers 2 and 3 they will have the option to "trade up" to higher tiers. For all companies, with the exception of those adopting the FRSSE, the conversion of their financial statements to a new form of GAAP is likely to be onerous and challenging. The potential issues they are likely to face are significant and are likely to include:
- Financial statements needing to be rewritten.
- IT and reporting systems requiring reconfiguration.
- Debt covenants becoming problematical under the new GAAP.
- Bonus and option schemes proving unworkable.
- Accounting staff and the board need retraining.
This course is delivered by subject experts from BDO.
Improving business performance
This workshop is focused on topics associated with improving business performance including improving budgetary planning, forecasting and control, performance management and managing information. This is a practical course with lots of hints and tips on how to engage operational managers with improving business performance, driving revenue and maximising profit.
Performance Monitoring This workshop focuses on techniques for monitoring performance at both a strategic and operational level in the hospitality industry.
including:
- Costs, profits and departmental analysis
- Identifying and managing fraud
- Performance measurement at operational and strategic levels
- Motivating teams with key performance indicators
Participants will learn about the latest techniques for controlling costs and evaluating profit in the hospitality industry. The workshop sessions will focus on techniques for managing costs and identifying weaknesses in the purchasing cycle. Participants will also spend time developing key performance indicators for their business and considering techniques for motivating staff performance in line with strategic goals.
Asset Management and Decision making This workshop is devoted to techniques and case study scenarios associated with capital investment expenditure in the hotel and catering industry including:
- Investment appraisal methods
- Discounted cash flows
- Cost of capital
- Forecasting projected cash flows
- Sensitivity analysis
This workshop is ideal as a refresher for improving understanding of capital investment appraisal techniques.
Introduction to the 10th Edition of the Uniform System of Accounts:
This half-day workshop is designed and delivered by the well known author and hospitality advisor Howard Field.
It is a must for all those anxious to ensure that their accounts comply with the requirements of the latest guide for the hospitality industry. Course cost of £150 plus VAT includes a copy of the 10th edition worth £54.00.
The cost for full day workshops is £250 + VAT per workshop or £695 for a combination of three which includes access to online resources and tutor support, all course notes, refreshments throughout the workshop and lunch. Half day workshops cost £150 + VAT. To book for these events please email Jane Scott on jane@baha-uk.org.
For the latest information on BAHA monthly meetings for members click here.