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FINANCIAL MANAGEMENT EDUCATION PROGRAMME SPA H Hospitality Finance, Revenue and IT Professionals Professional Development

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FINANCIAL MANAGEMENT EDUCATION PROGRAMME

H SPAHospitality Finance, Revenue and IT Professionals

BAHA Moving Forward

H SPAHospitality Finance, Revenue and IT Professionals

H SPAHospitality Finance, Revenue and IT Professionals

BAHA Moving Forward

H SPAHospitality Finance, Revenue and IT Professionals

H SPAHospitality Finance, Revenue and IT Professionals

BAHA Moving Forward

H SPAHospitality Finance, Revenue and IT Professionals

Professional Development

Each year we celebrate the success of our highest achieving learners at the HOSPA Annual Student Awards Ceremony - visit our website hospa.org/events for details

Benefits whilst studying

What will I gain?• Firststeptowardsaprofessionalaccountingqualification

• ExemptionfromtwoofCIMA’sCertificateinBusinessAccountingpapers

• Demonstrationofyourandyouremployer’scommitmenttoyourongoingprofessionaldevelopment

• CertifiedAssociateMembershipofHOSPAonsuccessfulcompletionoftheprogramme

• Increasedopportunityforimprovedcareerprogressionandearningpotential

• ComplimentarymembershipofHOSPAforthedurationofyourstudy

• Accesstoanexclusivemembers’areaoftheHOSPAwebsite,filledwithexpertcontentanddetailsofcareeropportunities

• Networkingopportunitiesthroughmembers’meetingsandonlinediscussionforums

• MonthlycopyofTheOverview,ourmembershipjournal,keepingyouuptodatewithindustrydataandthelatesttechnicalnewsonbestpractice

• Members’pricingtoattendHOSPACE,ourannualconferenceandexhibition

Developedbyseniorfinanceprofessionalsinpartnershipwithleadingacademicinstitutions,ourhospitalityFinancialManagementprogrammeistheonlycourseofitskindprovidingfuturefinancemanagersinhotels,restaurantsandleisurewithanindustryspecificprogrammeofstudyinfinance.

Thecourseprovidespracticalskillsandknowledgespecifictotheindustryusingterminologyandexamplesfromtheworldofhospitality,meaningyouwillbeabletoapplywhatyoulearndirectlytoyourworkplace.Theprogrammecontentisregularlyupdatedandrepresentsbestpracticeinthesector.

ThecourseisrecognisedthroughouttheindustryandcompletionoftheprogrammeprovidesexemptionsfromfurtherprofessionalstudywiththeCharteredInstituteofManagementAccountants(CIMA)fortheCertificateinBusinessAccounting(2017Syllabus).Completionof

Stage1,IntroductiontoFinancialManagementprovidesexemptionfromCIMA’sBA3FundamentalsofFinancialAccountingpaper.CompletionofStages2&3providesexemptionfromCIMA’sBA2FundamentalsofManagementAccountingpaper.

TheprogrammeisalsoqualitymarkedbyPeople1st,theworkforcedevelopmentexpertsforthehospitality,tourism,travel,passengertransportandretailindustriesworkinginpartnershipwithemployerstodevelopsolutionsthatincreaseperformancethroughpeople.

An introduction to the HOSPA Financial Management Education ProgrammeThis course provides learners with the knowledge necessary to be able to manage a hospitality finance department.

In addition to learning whilst earning, you will receive:

• 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

What will I study?Studied in three separate stages, each taking 5 months, you will learn about the following topics:

Stage 1 Introductory Financial Accounting

All learners will be introduced to basic study and research skills to provide a solid foundation for your future learning.

What employers think “Principal Hayley 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 to support our in-house training. Finance and Revenue Management are essential disciplines to a successful business and Principal Hayley Hotels recognise that 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.”

Stage 2 Operational Management Accounting

• Ratios and the balanced scorecard

• Control of working capital and liquidity

Stage 3 Strategic Management Accounting

• Preparation of the Income & Expenditure Account,

cash flow and Statement of Financial Position

• Using the Uniform System of Accounts for the Lodging Industry

• Introduction to accounting concepts

• Double entry book keeping and ledger accounts

• Compiling the trial balance

• Internal audit and control

• Strategic planning and forecasting

• Sources of funds and capital expenditure analysis

Gail HunterGroup HR Director, Principal Hayley Hotels

Get in touchFor more information on how to enrol on our courses visit www.hospa.org or call Jane Scott, the Education Programmes Coordinator on +44 (0) 1202 889430

T: +44 (0) 1202 889430 E: [email protected]

Suite 6, Merley House Business Centre, Merley House Lane, Wimborne, Dorset BH21 3AA

What our learners say “The HOSPA Financial Management course helped me to gain a greater understanding of finance at a property level, as being originally based in a Head Office there were some areas of property finance I did not face on a day to day basis. Successfully completing the programme contributed to me gaining the promotion to my current position.”

Sam Willetts, Accounts Manager - Reporting, Jurys Inns

“The HOSPA course has helped me understand the need for accurate financial reporting and the importance of presenting financial information to operative decision-makers precisely and understandably. The instructive assignments were a good help to underline the course materials with some real-life examples and on-the-job application of financial management theory”

Oliver Wentzke, Senior Finance Assistant, Mandarin Oriental

How will I study?Learnersreceiveastudypackwithallthecorematerialprovidingyouwiththeresourcesyouneedtofollowthecourse.Studyinginyourowntimebutworkingtoourtimetable,youarerequiredtosubmitcourseworkandpassanexaminationforeachStage.

Inadditiontoyourstudypack,youaresupportedbyanonlineclassroomwithadditionalresources,alearners’discussionareaandadedicatedstagetutor.YoualsoreceivefreeaccesstotheEBSCOonlinedatabasewith3,200fulltextjournals.

What do I need to get started?Applicantsshouldbekeentopursuetheircareerinhospitalityfinanceandpreferablybeworkinginthefinancedepartmentofahotel,restaurantorcateringorganisation.