Course objectives:

- Be able to understand the composition of costs
- Master budget mechanics (forecast, actual)
- Be able to track an operational department’s results

Skills to be acquired:

- Know how to calculate a cost price in order to work out a possible selling price
- Know how to analyse, understand and explain forecast/actual variance
- Know how to make decisions on buying or delisting products

Summary:

- Students are introduced to cost control (F&B). They learn to track sales and related costs, and to be able to provide long-lasting solutions to improve an operational department’s results.