Maldron Hotel
Tallaght

TIME TO INVEST – NEXT STEPS
New Financial Reporting Requirements
for Hotel General Managers and Accountants
Understanding and Producing the Information Your Bank Needs

OUTLINE OF THE DAY

9.30-10.00am              REGISTRATION

10.00 – 10.30am         SETTING THE SCENE

The IHF, Fáilte Ireland, and a representative from AIB, will highlight the importance and value of appropriate and timely financial planning and reporting to support hotel business growth

10.30 – 11.15am         A SNAPSHOT OF THE BUSINESS

Fáilte Ireland will present its Business Diagnostic for Hotels as a practical means of getting a snapshot of all aspects of your business, forming the basis for identification of needs and associated action

11.30 - 1.00pm             REPORTING TO YOUR BANK

Crowe Horwath, accountancy and business advisory practice, will provide an outline of what information your bank expects and how to approach building a sound reporting system with and for your bank; the focus will be on delivering a financial pack which details relevant key performance indicators and trends in the business for bank internal use and external reporting

1.30 - 3.00pm               HOTEL CASE STUDY WITH WORKED EXAMPLES

Crowe Horwath will use a practical case study approach to show how to bring a hotel from limited reporting to a high standard of reporting; participants will be given guidelines as to what type of information and analysis should be included in a management financial pack for submission to the bank, and an example of a complete monthly management pack suitable for bank reporting will be provided

3.00 – 3.30pm              SUMMARY AND CONCLUSIONS

This programme is fully subsidised

For further information and to book your place contact Anne or Carol at the IHF on 01 - 497 6459 or email leea@ihf.ie