Finance for Special Events

The special event student will be introduced to the concept and importance of controlling the primary costs of catering, banquet halls and labour. The student will learn the various techniques, procedures, and calculations used in the hospitality industry to evaluate, monitor and maintain appropriate control policies and procedures through the various functions of ordering, purchasing and receiving. The interpretation of financial statements will enable the student to gain valuable insight into the operational decision making process in the hospitality/special event sector. An introduction to the operational budgeting process will also assist the student in gaining valuable understanding of the importance of profitability in the hospitality industry.