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Course Description

Amid the swirl of activity in food and beverage service, financial management is a function that loses priority sometimes, despite its crucial function.

Understanding and managing your food and beverage operation’s income statement (profit and loss statement) can lead to better decision making and can position you to succeed. Learn how to get a hold on your organization’s finances and make informed decisions based on profit and performance.

Faculty Author

Alex M. Susskind, Ph. D., CSW

Benefits to the Learner

  • Create an income statement that properly records the information that is critical to your specific type of restaurant
  • Interpret your data, identify trends, and catch issues that can have a positive or negative impact on your operation
  • Analyze your financial and performance information to identify, implement, and evaluate improvement solutions

Target Audience

  • Individuals involved in the operation and financial performance of a restaurant or food and beverage service, from line-level employees through general management.
  • Individuals who are new to the food and beverage industry and need to learn more about the specifics around restaurant operations.
  • Students from every continent and from a diverse range of organizations, including franchisees, managed service contractors such as stadiums or arenas, hospitals, airlines and caterers.
  • Students who do not work in restaurants but need to be conversant in operations of food and beverage providers will also benefit from these courses.

Applies Towards the Following Certificates

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Cornell University's Hotel School
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