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HOSPA Financial Management Course

arena4finance is delighted to offer this course on behalf of the Hospitality Professionals Association.This course provides the knowledge and skills for those 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 plus postal costs*; 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.

*Postage costs:

UK - included

Europe - £35 GBP

Rest of World - £45 GBP

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Course 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. All study is hosted on our secure learning platform - www.hospalearning.org - meaning you can study wherever you are located. For more information visit here.

The Outcome

This course is accredited by CIMA and is endorsed by the Institute of Hospitality, demonstrating that it adheres to good practice standards in training and training delivery, is relevant to the needs of the industry and meets 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

Course Delivery

This is an online course and is supported by an online tutor.

Course Booking

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