Undergraduate Certificate in Restaurant Cash Conversion Cycle Management
-- ViewingNowThe Undergraduate Certificate in Restaurant Cash Conversion Cycle Management is a compact, career-oriented course, designed to empower learners with crucial skills for success in the dynamic restaurant industry. This program emphasizes the optimization of the cash conversion cycle, a critical aspect of restaurant operations, which if managed effectively, can significantly enhance profitability.
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โข Financial Accounting Fundamentals: Understanding financial statements, balance sheets, and income statements.
โข Inventory Management: Techniques for optimizing inventory levels, managing supplier relationships, and reducing waste.
โข Cash Flow Management: Strategies for managing cash flow, including cash forecasting, short-term investments, and borrowing.
โข Credit and Collections Management: Best practices for extending credit, managing accounts receivable, and collecting payments.
โข Purchasing and Payables Management: Techniques for optimizing purchasing processes, managing accounts payable, and negotiating payment terms.
โข Restaurant Operations Management: Overview of restaurant operations, including menu planning, labor scheduling, and cost control.
โข Restaurant Accounting Software: Hands-on training with restaurant accounting software, including point-of-sale (POS) systems and inventory management tools.
โข Restaurant Financial Analysis: Techniques for analyzing restaurant financial performance, including financial ratios, breakeven analysis, and profitability projections.
โข Budgeting and Forecasting for Restaurants: Best practices for creating and managing restaurant budgets, forecasting revenue and expenses, and tracking actual results against budget.
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