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.