• HOSPA Facebook
  • HOSPA LinkedIn
  • HOSPA Twitter
  • HOSPA You Tube Channel

Financial Management Programme

Course Overview:

The HOSPA Education and Training Programme in Financial Management 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). The course offers 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.

 

Hear from one of our past learners, Simon Leech, Assistant Financial Controller, Sheraton Grand Hotel & Spa.

Some qualifications and/or experience lead to exemption from one or more levels of the HOSPA Professional Development Programme.  Please submit your full CV and application or contact us direct.  The following are examples of exemptions available:

  • AAT:  Exempt Level 1

  • Institute of Bookkeeping:  Exempt Level 1

  • Degree in Accounting:  Exempt Level 1

  • CIMA Certificate papers in Management Accounting and Financial Management:  Exempt Levels 1-3

Course Details: 

Duration: 18 months to complete all three levels of study

Cost: £820 + VAT per level.

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.

 

Start Dates: March or September each year

Course recognition: The course is endorsed by the Institute of Hospitality, demonstrating that they adhere to good practice standards in training and training delivery, are relevant to the needs of the industry and meet a wide range of essential criteria relating to quality standards and quality learning outcomes. The IoH particularly commended:

  • The quality of materials and access to e-libraries and databases

  • The work-based nature of the assessments

  • The explicit timetable of events for each Stage/Level of the programmes

  • The support mechanisms available to learners at Stage/Level and in particular, the Tutors

  • The expertise of the staff involved in the running and support of the programmes, and the advisory committees

Graduates from the programme receive exemptions from the Chartered Institute of Management Accountants. Click the link below to read about two case studies on HOSPA learners who have gone on to study with CIMA.

What will you study on the HOSPA Financial Management Programme?

The HOSPA Financial Management Education Programme is a flexible blended learning programme aimed at aspiring hospitality accounting professionals who wish to gain the necessary knowledge to be able to manage a hospitality finance department. 

The course is studied in 3 levels; each of which takes 5 months to complete. 

  • Level 1: Introduction to Financial Management

  • Level 2: Operational Management Accounting

  • Level 3: Strategic Management Accounting

No formal qualifications are required to enrol, but we suggest that learners are preferably working in the finance department of a hospitality organisation but we also welcome applications from operational managers and related roles.

Financial Management Programme - key benefits

  • Online course enabling you to study whilst working full time

  • Access to e-libraries and tutor support

  • Provides skills and knowledge to manage a hospitality finance department

  • Leads to Certified Associate membership of HOSPA on completion enabling you to use the letters AHOSPA Cert (FM) 

  • 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 Levels 2 & 3)

  • BA3 Fundamentals of Financial Accounting (after successfully completing HOSPA Level 1) 

No formal qualifications are required to enrol, but we suggest that learners are preferably working in the finance department of a hospitality organisation but we also welcome applications from operational managers and related roles.

We recognise the achievements of our students across all three levels of the course and each year HOSPA hosts the  Awards Ceremony where prizes are presented to the most successful learners of the year from the HOSPA education programmes. To learn more about who has studied with us and how their careers have developed, take a look at our Learner Profiles

TESTIMONIALS

Coombe Abbey Hotel

 Mark would recommend the HOSPA courses in Financial Management and Revenue Management as he believes that the development of people is what is important in this industry.  It was a complete surprise to Mark to win this award as he came to support one of his colleagues who completed the Revenue Management course.  Click here to watch Mark’s video.

Mark Lightbound, Director of Finance

Hoseasons

 “As one of the country’s biggest providers of domestic holidays, we do everything we can to ensure our people have the skills and support they need to offer the best possible commercial advice to our owners,” he said, adding: “That’s why receiving this accolade from our partner HOSPA is so pleasing and why development of the next generation of revenue managers will continue to be such a vital focus for the Hoseasons business.”

As winners of the HOSPA Commitment to Education Award, David Groves, Head of Commercial at Hoseasons, says the award is well-deserved recognition for a company that is completely committed to the growth and development of its people.

Jury's Inns

“Personal learning and development is at the core of everything we strive to achieve at Jurys Inn. The development of our finance professionals at Jurys Inn has been a key focus of mine over the last number of years and the new learning opportunities provided through HOSPA are a great match for our aspirations. Winning such a prestigious industry award is great recognition for not only our current eight HOSPA students, but is also an indication of our long term commitment to our team and to HOSPA.”

Grant Speed, Financial Controller - Operations at Jurys Inns

Carden Park Hotel

“At Carden Park our ethos is to 'grow our own', we ensure that our team has the opportunity to develop within their roles and HOSPA has been a big part of this for our finance and food and beverage teams.”

Wendy Carman, Director of Finance

Principal Hayley Hotels

"PH Hotels training strategy supports the development of colleagues at all levels of the business, we aim to provide our colleagues with the appropriate skills and knowledge to achieve excellence in their role. HOSPA is our preferred  training provider as they provide us with professional training and   qualifications to support our in house training.   Finance and Revenue management are essential disciplines to a successful  business and PH Hotels recognise by investing in our teams there are tremendous benefits for both our business and our colleagues by way of  professional career development and progression and colleague engagement."

HOSPA Commitment to Professional Development Award - Gail Hunter, Group HR Director

"The main advantage of the course is being able to link this all back to the text and resource material.  Some finance courses are generic, however, with HOSPA the examples and case studies are relatable to our industry, allowing you to take learnings from the studies and apply them to your own working environment."

Simon Leech, Assistant Financial Controller, Sheraton Grand Hotel Edinburgh

"The course has opened more doors for me professionally.  It's a widely recognised qualification that I'll have on my CV for life, and it's given me a full and broad understanding of the finance function within the hospitality industry."

Amy Kimbel, Finance  Manager at Plus Rooms

Contact Us: 

 

Uplands Cottage

Grayswood Road

Haslemere

Surrey

GU27 2BS

Tel: +44 (0) 203 418 8196

E-Mail: hospa@hospa.org

Important Information: 

Useful Links:

Hotel Marketing Association | HOSPA Partner