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01202 849691

Date
4 September 2017
Location
Online

HOSPA Financial Management Course

4 Sep 2017

We are proud to partner with the Hospitality Professionals Association to offer the HOSPA Professional Development Programme in Financial Management.

The course provides the first step to pursuing a career in business and finance in the hospitality sector.

The course content is based on best practice in the sector and follows the guidance and recommendations of the Uniform System of Accounts for the Lodging Industry (2014 edition). There are three levels of study and successful completion of all three levels leads to Certified Associate Membership of HOSPA enabling members to use AHOSPA Cert (FM) in their business correspondence. This award confirms that the member has the skills and knowledge to manage a hospitality finance department.

The three stages are:

  • Stage 1: Introduction to Financial Management
  • Stage 2: Operational Financial Management
  • Stage 3: Strategic Financial Management

The costs are £820 (plus VAT) per Stage; this includes everything you will need for your studies including all study materials, tutor support, revision papers, examinations and membership with HOSPA for the duration of your study.

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Key Dates

This online course commences September 2017 with examinations in January 2018 for each Stage. The course packs will be available from mid July and HOSPA membership commences with enrolment.

Entry Requirements

For all those seeking to learn more about hospitality finance and accounting. Ideally currently working in a finance role in hospitality or wishing to transfer into this area. Exemptions are avaiable for prior learning and previous study - call us for details.

Organisations Involved

HOSPA

To book your place on this course email hello@arena4finance.co.uk or education@hospa.org

This course is accredited by CIMA and has received the Quality Mark of endorsement from People 1st.

Session Details

The Financial Management course is studied in 3 Stages, each taking 5 months to complete. Each Stage consists of 4 units and an examination.

Stage 1 Introduction to Financial Management

  • Introduction to accounting concepts
  • Double entry book keeping and ledger accounts
  • Compiling the trial balance
  • Preparation of the profit and loss account, cash flow and balance sheet
  • Using the Uniform System of Accounts for the Lodging Industry
  • Internal audit and control

Stage 2 Operational Financial Management

  • Exploring the nature of different types of cost
  • Budget preparation and control
  • Using cost information for decision making
  • Introduction to Revenue Management
  • Presentation of information for decision making
  • Breakeven and pricing techniques

Stage 3 Strategic Financial Management

  • Strategic planning and forecasting
  • Sources of funds and capital expenditure analysis
  • Ratios and the balanced scorecard
  • Control of working capital and liquidity

Graduates of the HOSPA Education and Training Programme in Financial Management continue to receive exemption from two components of the CIMA Certificate in Business Accounting (2017 syllabus) – these components are:

BA2 Fundamentals of Management Accounting (after successfully completing HOSPA Stages 2 & 3)
BA3 Fundamentals of Financial Accounting (after successfully completing HOSPA Stage 1)

We are currently enrolling for the next intake to our programmes which commence in September 2017. All study is hosted on our secure learning platform - www.hospalearning.org - meaning you can study wherever you are located.

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