Professional Diploma in Strategic Hospitality Finance Management
Mastering of hospitality finance management
Description
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.
The course has assessments throughout which are designed to gauge your understanding and application of course material. We employ a mix of written exams and practical evaluations aligned with industry standards.
Areas Covered
- Use and implement the different tools available for strategic planning and forecasting.
- Capital investment appraisal methods.
- Sources of funds and asset funding
- Interpretation of the accounts.
- Understanding hospitality ratios and operating metrics.
- Competitor analysis, benchmarking and the balanced scorecard.
- Control of working capital.
Benefits
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).
Certified Associate Membership of HOSPA.
Detailed Syllabus
Module 9 – Control Of Working Capital
- Debtor management
- Creditor management
- Cash management
- Stock management
- Working capital cycle
- Working capital ratios
Module 10 – Ratios & Balance Scorecards
- Interpretation of performance
- Industry of specific ratios
- Competitor analysis
- Benchmarking
Module 11 – Source Of Funds & Capex
- Capital investment appraisal methods
- Sources of funds
- Taxation
- Franchising
- Management contracts
Module 12 – Strategic Planning & Forecasting
- Preparation of feasibility studies
- Economic and financial environments
- Tools for strategic planning
- Organisational objectives
Overview
Duration: Five Months Format: Online / Tutor-Led Pace: 4-5 Hours per week
Experience: Advanced
Intake: March or September
Who is it for?
- Experienced accounts and finance specialists.
- Hospitality professionals looking to enter a strategic role in finance.
- Any learner progressing from the Professional Certificate.
Please note: Applicants who have not completed the Professional Certificate undergo a selection process based on previous experience and must submit their CVs for review.
CIMA
All learners who complete the three courses of the HOSPA Professional Development Programme in Hospitality Financial Management receive exemptions with the Chartered Institute of Management Accountants (CIMA).
Exemptions cover all four exams from the CIMA Certificate in Business Accounting (Cert BA), which is CIMA’s entry level qualification and can be taken as a standalone qualification. If learners would like to achieve the CIMA Cert BA they are able to decline one of the four exemptions received and pass that one exam. Upon completion of the one objective test exam, the learner will receive the Certificate in Business Accounting as well as gain the designatory letters CIMA CertBA.
Or for those learners looking for a route to becoming a Chartered Global Management Accountant (CGMA), exemptions can be used for the first level of CIMA and start CIMA at the Professional Qualification, bypassing the Cert BA.