Post on 04-Jul-2020
Pousada Conference Room | Institute for Tourism Studies | Macao SAR, Macao
Programmes scheduled in 2010 and 2011:
Module One - Strategic Hospitality Operations
Module Two - Strategic Hospitality Marketing
Module Three - Revenue Management
Module Four - Financial Management
30 Jun & 1 Jul 2011
Open for registration until 17 Jun 2011
4This is a certification programme organised by a
world-leading authority of hospitality education,
delivered right here in Macao. It is a joint effort of
Cornell-Nanyang Institute of Hospitality Management
(CNI) and Institute for Tourism Studies (IFT), Macao,
with the aim to provide fast-tracking young managers,
seasoned executives, leaders and entrepreneurs of
international resort chains an all-rounded training in
Strategic Hospitality Management.
Each module will lead to a certificate of “CNI-IFT
Executive Development Programme”.
Executive Development Programme“FINANCIAL MANAGEMENT”
Module Four of CNI-IFT Advanced Certification in
Strategic Hospitality Management
30 Jun – 1 Jul 2011
Registration Deadline of Module Four: 17 Jun 2011
Course Objective
This course focuses on the application of financial statement information and analysis
to improve managerial decision-making. In addition, financial management concepts
and techniques will be explained and utilized in hospitality industry- related scenarios
and contexts. Emphasis will be on comprehension and interpretation of financial
information from senior management and owner perspectives. The format of this course
involves lectures, case studies, and group presentations.
This course offers both macro and micro understanding of financial analysis and related
business challenges of companies in the hospitality industry in a fast-growing but highly
competitive region. At the end of the course, participants are expected to gain the
ability and confidence to use financial analysis and management tools to better
manage short-term profitability as well as achieve sustainable financial stability of
their operations.
Tentative Topics
•Fundamental analysis of a hospitality organization’s business model, revenue
model, and finance model
•Develop a systematic comprehension of financial statements of international
hospitality companies from both management and user perspectives
•Application of quantitative and qualitative financial analysis tools for hospitality
and related organizations
•Cashflow analysis, free cash flow, and capital budgeting decision making
principles and techniques
•Debt financing instruments and weighted average cost of capital
•Trade-offs within cost-volume-profit analysis in evaluating operating alternatives
•Pricing strategies and channel decision making
Programme Fee
•MOP10,650 (USD1,331) – Non-Macao ID-holders
•MOP6,150 (USD770) – Macao ID-holders
Registration Form & Website
www.ift.edu.mo/edp/cni
Enquiry
For more information, please contact Mr. William Wong.
T: (853) 850983049 F: (853) 85061 283 E: edp@ift.edu.mo
Schedule
We reserve the right to postpone or cancel the course. In the case of cancellation,
participants will NOT be subject to any charge or compensation.
Disclaimer
30 Jun 2011
Time Topics
9:00am Fundamentals of financial statements.
Analysis of hospitality organization's business,
revenue and finance models10:30am Break
11:00am Develop a systematic comprehension of an
international hospitality company's financial
statements1:00pm Lunch
2:00pm Qualitative and quantitative financial analysis
tools and application
3:30pm Break
4:00pm Cash Flow Statement and free cash flow
analysis. Capital budgeting and decision making5:30pm End of Day 1
1 Jul 2011
Time Topics
9:00am Debt financing instruments and weighted
average cost of capital10:30am Break
11:00am Performance evaluation and economic value
added
1:00pm Lunch
2:00pm Margin analysis and cost-volume-profit analysis
3:30pm Break
4:00pm Group case presentations
5:00pm Certificate presentation
5:30pm End of the programme
Course Facilitator
About the Organisers
www.cni.ntu.edu.sg www.ift.edu.mo
Chris WH Chan - Professor of Accounting, School of
Hotel Administration,
Cornell University
- Dean, Cornell-Nanyang Institute of
Hospitality Management
Professor Chris WH Chan is Professor of Accounting at
Cornell University’s School of Hotel Administration and
Dean of the Cornell-Nanyang Institute of Hospitality
Management (CNI). As Cornell faculty, Professor Chan
reports to Dean Michael Johnson of the School of Hotel
Administration. Stationed in Singapore with Pan-Asian
responsibilities, Professor Chan provides academic,
intellectual, strategic, and administrative leadership to the
institute with the mission to further elevate the Cornell
brand in Asia. Cornell University offers its prestigious 12-
month Master of Management (MMH) program as a joint
degree with Nanyang Technological University.Professor
Chan was previously Associate Professor of Accounting as
well as Assistant Dean and Director of MBA programs at
the University of Hong Kong (HKU), where he was
responsible for brand development, marketing and
admissions, financial and program management,
academic and student affairs, and corporate and media
relations. Under his leadership, the HKU MBA was
ranked by The Economist Global MBA Ranking 2010 as
No. 1 in Asia. Professor Chan has extensive teaching
experience for various MBA and EMBA programs in Hong
Kong, Shanghai, Guangzhou, Beijing, Singapore, and
Sydney. Courses taught include Accounting for Business
Decisions , Corporate Finance , Management Control,
Corporate Governance, and Social Responsibility and Sustainability. In 2009, Professor Chan was
one of five professors who were awarded the prestigious university-wide Outstanding Teaching
Award from the University of Hong Kong. He has also been a two-time winner of the Business
Faculty's Outstanding Teacher Award between 2004 and 2008.
Professor Chan has a diverse consulting and executive education portfolio with a wide range of
companies in the Asia-Pacific region. His work has focused on strategic brand development,
financial performance metrics, corporate governance, social responsibility, and sustainability. He
has also developed corporate business cases and/or taught executive education courses for a
number of clients including LVMH, ABN Amro Bank, China MinSheng Bank, Lucent Technologies,
Agilent Technologies, General Mills, Hong Kong Government Civil Service Bureau, SGS, TAL,
Shangri-la Hotels, New World Mobility, and South China Morning Post. In recent years Professor
Chan has conducted a number of very successful executive-level MBA courses at Fudan University
in Shanghai, as well as delivered development programs to executives of multinational companies
based in China. Professor Chan is frequently invited to speak at various business conferences and
workshops as a keynote or panel speaker on corporate governance, social responsibility and
sustainability, human capital development, and luxury industries in Asia.