HOSPA Hospitality Finance, Revenue and IT Professionals

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29

Sep
2016

People 1st and the Chartered Institute of Management Accountants (CIMA) recognise HOSPA’s Professional Development Programmes

Written by Debra Adams.
HOSPA is delighted to announce that its hospitality focused Professional Development Programmes in Financial Management and Revenue Management have been reviewed by People 1st and will receive the charity’s prestigious Quality Mark approval for the period 2016-2018. The Quality Marks are awarded by People 1st – the skills and workforce ...

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07

Sep
2016

Are you Auditing or Interpreting Hotel Accounts in 2016 - Part 9 - Operated Departments Revenues

Written by Howard Field.
As mentioned in Part 5, hotel management accounts generally adopt a departmental structure that allocates revenues, direct and indirect costs in a way to reflect either responsibilities or the major activity centres of the operation.As this involves allocating revenues, cost of sales, labour costs and other expenses, it is important ...

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26

Aug
2016


25

Aug
2016

HOSPA CEO Jane Pendlebury looks ahead to HOSPACE

Written by Jenny Rose.
August is a funny month for business. So many people are away (I'm writing this from a boat on the Norfolk Broads) meaning that it's hard to get any project completed and yet those working - as I was last week - are determined to clear some of the backlog ...

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17

Aug
2016

HOSPA Finance course provides stepping stone to CIMA

Written by Debra Adams.
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 ...

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26

Jul
2016

Join us

Written by Jane Pendlebury.
Over the summer, we have a goal to achieve! Perhaps you can help? We would like to strengthen and grow the HOSPA membership. We know our members value being part of HOSPA. We are hoping that even more hospitality professionals will join us to reap the rewards of our unrivalled ...

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26

Jul
2016

The impact of leaving the EU on the UK hospitality industry and the profession’s influence on the rest of Europe to be scrutinised at HOSPA’s 11th annual HOSPACE2016 Conference and Exhibition on 10 November

Written by Jane Pendlebury.
The impact of leaving the EU on the UK hospitality industry and the profession’s influence on the rest of Europe to be scrutinised at HOSPA’s 11th annual HOSPACE2016 Conference and Exhibition on 10 November In a post-Brexit Britain, the impact of leaving the EU on the UK hospitality industry and ...

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18

Jul
2016

Are you Auditing or Interpreting Hotel Accounts in 2016 - Part 8 Tips and Service Charges

Written by Howard Field.
There is the potential for much confusion about the nature and accounting treatment of these items. Here are some pointers and indicators to help to understand the issues and to interpret hotel data where they apply. The term hotels includes rooms, restaurants, bars and related services. There is no one ...

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28

Jun
2016

Hotel Accounting Blog Author's Note

Written by Howard Field.
Author's NoteI would like to share with my readers the intent of these blog articles and what I wanted to achieve with them.Having spent 50 years in the hotel industry experiencing a variety of finance related roles, one area where I believe there has been little progress is the guidance ...

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27

Jun
2016

Interpreting and Auditing Hotel Accounts in 2016 - Part 7 Key Financial Accounting Issues Replacement Reserve, Current and Fixed Assets, Capitalisation and Depreciation

Written by Howard Field.
Hotel operating accounts that follow the USALI standards focus on the elements of revenues and costs that reflect the trading results of the business, down to EBITDA. How other financial costs and movements of assets and liabilities and are controlled and accounted for by the Uniform System of Accounts for ...

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