Professional Certificate in Operational Hospitality Finance Management (Mar '22 Intake)

Our finance courses have been facilitated by industry-leading experts, supporting hundreds of hospitality professionals for over 30 years. This course is endorsed by the Institute of Hospitality and is recognised by the Chartered Institute of Management Accountants. Your learning will be at your own pace, enabling you to balance your professional development with other commitments.

• Finance, Accounts and Payroll Assistants, Cost & Credit Controllers.
• Hospitality professionals looking to develop a career in finance.
• Any learner progressing from the Foundation Certificate (exemptions available).

• Exploring the nature of different types of costs.
• Budget preparation and control and forecasting demand.
• Exploring how cost information is used in decision-making.
• Breakeven and pricing techniques.
• Introduction to yield and revenue management concepts.
• Presentation of information for decision-making.

 Learn from home at your own pace.

 Online support from our industry-leading experts.

 Opportunity to collaborate with other learners in our online learning space.

 Free HOSPA membership.
 Discounted access to HOSPACE.

 Discounted access to the annual HOSPA learner awards.

 Exemptions from further study with the Chartered Institute of Management Accountants (CIMA).

Module 5 – Understanding the nature of costs

• Purpose of cost classifications
• Controlling basic costs
• Overhead cost control
• Cost estimation
• Activity-based costing 

Module 6 – Forecasting & Budgeting

• Budgeting in line with organisational objectives
• Preparation of budgeted statements
• Budget interpretation and management
• Variance analysis
• Limiting factors
• Flexible budgeting techniques
• Mathematical techniques for forecasting demand

Module 7 – Decision making in Hospitality

• Relevant costs for decision making
• Contribution margin
• Break-even analysis
• Yield management techniques
• Room rate discounting
• Cost-based pricing
• Market-based pricing
• Integrated pricing for multi-products

Module 8 – Presentation of information for impact

• Collection and presentation of data
• Using graphs and diagrams
• Averaging and indexing numbers
• Communicating information

 Duration: Five Months
 Format: Online / Tutor-Led
 Pace: 4-5 Hours per week
 Experience: Intermediate
 Intake: March or September