Financial Management Programme < back
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.
Duration: 18 months to complete all three levels of study
Cost: £820 + VAT per stage
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 recognised by People 1st and has been awarded The People 1st Quality Mark which recognises and celebrates training programmes across hospitality, travel and tourism, passenger transport and retail industries that maximise individuals’ development opportunities and help raise standards across the sector. 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?
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 stages; each of which takes 5 months to complete.
- Stage 1: Introduction to Financial Management
- Stage 2: Operational Management Accounting
- Stage 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 elibraries 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 Stages 2 & 3)
BA3 Fundamentals of Financial Accounting (after successfully completing HOSPA Stage 1)
We recognise the achievements of our students across all three stages of the course and each year HOSPA hosts thewhere 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 visit http://hospa.org/en/events/awards-ceremony/2015-award-winners
What our supporters say:
Principal Hayley Hotels
"The Principal Hotel Company owns and operates over 30 landmark buildings across the length and breadth of the U.K, comprising of PRINCIPAL in city centres and De Vere, modern country estate hotels with mansion houses at their heart.
A £250 million investment programme is currently underway, which will see many of the group’s properties refurbished and repositioned, including The Principal London, the former Hotel Russell, which will open in Bloomsbury this April following a £75 million restoration.
By enrolling members of our revenue and finance teams on HOSPA’s accredited courses, we’re ensuring that we give our colleagues the opportunities to progress within our business by achieving a credible, industry qualification. Working with HOSPA also ensures that our teams are kept fully up-to-date with industry trends and developments, future proofing our business for years to come."
Alan Corlett, Group Commercial Revenue Director - Principal Hotel Company (Jan 2018)
"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 2015 - Gail Hunter, Group HR Director
“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
"When we were looking for a Finance Learning Programme we knew instantly that HOSPA was the right fit for Carden Park Hotel. It is an industry recognised programme that not only ensures our employees are gaining the right qualifications and knowledge but one that #teamcarden are also enthusiastic about completing.
“The nature of hotel accounting is very different to many industries and we wanted an exciting Finance Learning Programme that reflected this. 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. The team turnover is very low for which we can partially attribute to them feeling valued and being able to progress by completing appropriate training. The support from HOSPA throughout our learning journey has been fantastic and we will certainly be continuing to grow our team with their programme.”
Wendy Carman, Director of Finance - Carden Park Hotel (Jan 2018)
I put about 12 colleagues through the programme each year who aspire to better positions. All in all, it is a great programme for Jumeirah and is great for colleagues with very few qualifications and it gives them a sense of belonging.
Sylvia Matthews, VP Finance, Jumeirah International, Dubai
For further details or to speak with our Professional Development team, please complete the form below and we will be in contact. Alternatively call ++ 44 (0) 1202 889430 to speak to a member of the team. We look forward to hearing from you!