Financial Fluency: Budgeting and Forecasting Demystified

Enroll and complete this course to receive 1 complimentary seat in the online Introduction to Revenue Management course offered by Duetto!

Mode of Study:
In-person delivery

16 hours

Course Timing:
9am – 6.00pm (Day 1)
9am – 6.00pm (Day 2)

Available Intakes:
Please click here for course dates.

Registration closes 2 weeks before course commencement.

Shatec Institutes Pte Ltd,
21 Bukit Batok Street 22, Singapore 659589


1 Orchard Spring Ln, Level 5, Singapore 247729

SHATEC Institutes Pte Ltd (UEN: 198301550C) is an appointed CET Centre by SkillsFuture Singapore (SSG) for courses supported by SkillsFuture Credits (SFC) / funded by SSG. The funding support period Restaurant Service Skills for Chefs (TGS-2022015341) is 29 Aug 2022 to 31 May 2025.

Course Description

This 16-hour course covers key principles of accounting and the systems of accounts used in the hospitality industry and the tools for analysing the financial statements and the concept of cost behaviour to facilitate business decision.

Who Should Attend

This course is targeted for mid-level managers such as F&B Managers, Executive housekeepers, Front Office Managers and others.

Course Objectives

At the end of the course, you will be able to:

  • Apply the basic concepts and principles of accounting
  • Use the Uniform Systems Of Accounts For Lodging Industry (USALI)
  • Prepare Financial Statements
  • Analyse financial statements
  • Use financial information to make decisions
  • Analyse cost behaviour
  • Minimise the amount of working capital needed
  • Update and monitor rolling cash forecast to manage cashflow
  • Prepare budget
  • Analyse internal and external factors that can affect forecasting

Course Structure


Lecture, case studies, discussions and hands-on practice


Pre-course and post-course written assignments


Upon successful completion of the course, participants will receive a Certificate of Achievement issued by SHATEC.

Course Outline

The course covers the following contents:

  • Financial Reporting
  • Analysing Financial Statements
  • Managing Working Capital and Controlling Cash
  • Budgeting and Budgetary Control

Course Fees

Full Course Fee

S$ 560.00

9% GST

S$ 50.40

Full Course Fee incl. GST

S$ 610.40

Payment Mode

The following payment modes are available:

  • Bank Transfer
  • PayNow
  • Credit Card
  • Internet Banking

Contact Details

Contact Number:
6415 3504 / 533 / 531

Email Address:


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