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10 Video lectures in ENGLISH
This seventeen-hour, densely-packed course is the equivalent of a full-length university course that you can take in a self-paced way and you can revisit anytime
CERTIFICATE
Once you finalize the course, you will receive after taking a Quiz the Fivestar Hospitality Academy certificate that will transfer you our excellent reputation in the market and help you advance in your career
SUPPORTING MATERIALS
Underlying course presentation pdfs for later reference and additional reading material will be provided to facilitate learning
JOIN OUR COMMUNITY DISCUSSION GROUP
An exclusive community for members to discuss the lectures and the topic of financial management
ABOUT ALEXANDRU S. IONESCU
Alexandru S. Ionescu taught the course to 8 generations of students (100+) as a module inside the American Hotel Academy's Master of Science in International Tourism & Hospitality Business Management offered in academic partnership with Manchester Metropolitan University.
Why learn about Financial Management
Overall, learning about financial management can be beneficial for a variety of personal and professional reasons LIKE:
understanding financial concepts and terms and thus improving financial literacy;
understanding financial markets and systems;
developing financial planning and analysis skills;
advancing in the career by developing financial leadership skills;
making informed investment decisions;
improving the financial performance of an organization;
managing personal finances;
making a career change/ getting a first job;
adding a financial edge to the current student curriculum;
starting a business.
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Why learn about Financial Management if you work in hospitality
There are several reasons why learning financial management SKILLS can be beneficial for someone working OR THINKING ABOUT WORKING in the hospitality industry:
managing the financial resources of a hospitality business, including creating and managing budgets, forecasting revenue and expenses, and making financial decisions;
improving the financial performance of a hospitality business, including analyzing financial data, identifying areas for cost savings, and developing financial plans and strategies;
setting prices for products and services in the hospitality industry, including evaluating the cost of goods and services, analyzing competitors' prices, and determining pricing strategies;
managing inventory in the hospitality industry, including tracking inventory levels, forecasting demand, and making decisions about what to stock and how much to stock;
developing financial planning and analysis skills, including forecasting, budgeting, and analyzing financial data;
The hospitality industry is highly competitive, and financial management skills can help individuals and organizations stay competitive by managing their financial resources effectively and making informed financial decisions. Overall, learning about financial management can be beneficial for anyone working in the hospitality industry as it can help them improve their financial performance and achieve their goals.
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IN GENERAL What are THE jobs/ROLES benefiting from Financial Management knowledge
Accountant: An accountant is responsible for preparing and analyzing financial records and reports.
Financial analyst: A financial analyst uses financial data and analysis to help businesses, organizations, and individuals make informed investment decisions.
Budget analyst: A budget analyst helps organizations create and manage budgets and financial plans.
Financial planner: A financial planner helps individuals and families develop long-term financial plans and achieve their financial goals.
Financial manager: A financial manager is responsible for overseeing and managing the financial resources of a business or organization.
Financial advisor: A financial advisor helps individuals and businesses make financial decisions, such as choosing investments or planning for retirement.
Commercial banker: A commercial banker works with businesses to provide financial services such as loans and credit.
Investment banker: An investment banker helps businesses raise capital and advises them on financial matters such as mergers and acquisitions.
Although the course is tailored to the ears of PEOPLE with an interest in the hospitality business, it is highly relevant also for anybody aiming at the roles mentioned above IN ANY OTHER INDUSTRY.
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Who Should Take This Course WHEN WORKING IN HOSPITALITY?
General manager: A hotel GM is responsible for overseeing the overall operation of a hotel, including managing finances, setting budgets, and making financial decisions. After taking the course a GM will manage the financial resources of a hotel more effectively.
Director of Rooms/ Food and beverage manager/ Spa manager/ Sales and marketing manager/ Revenue manager: The course will help them understand financial concepts and techniques, apply them to their department and aspiring to a General Manager position.
Travel specialists: Working in related industries like in tour operators, airlines, offen makes you wonder what if you would like to switch over to hotel business. Get this onboarding pass!
Accounting manager / Financial controller: An accounting manager is responsible for preparing and analyzing financial records and reports for a hotel. After taking the course an accountant will understand how to analyze financial data and make informed decisions about the financial performance of a hotel and will aspire to a Financial management position.
Purchasing manager: A purchasing manager is responsible for managing the purchase of goods and services for a hotel. The course will help them understand how to evaluate costs and make informed purchasing decisions and aspire for a higher position in the Financial department.
Financial manager: A financial manager is responsible for overseeing and managing the financial resources of a hotel. A financial management course could be useful for a financial manager to go deeper in understanding financial concepts and techniques, applying them to the hotel industry and aspiring to a General Manager position.
Asset manager: Asset managers have always played an important role for hotel owners. Both existing asset managers that are facing challenges in the hospitality industry or asset manager wannabes like hotel managers or consultants, require strong financial management skills as the position bears the responsibility for maximizing the value of a hotel or a portfolio of hotels. The job requires skills in areas like financial performance improvement, investment planning, property management, market analysis, managing relationships with owners lenders investors and local communities, capital expenditures and asset repositioning.
Owners: Owners have been acting for a long time based on their business instincts. Investing in accomodation or food &beverage has been always attractive for various reasons and sometimes happened as a sort of crowning as a consequence of other successful business endeavors. Relying on a financial team is good, upgrading to your own proper financial management education is the best.
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What ARE STUDENTS SayING About ThIS Course
following students have completed the Financial Management module with Alexandru-Sorin Ionescu inside the American Hotel Academy's Master of Science in International Tourism & Hospitality Business Management offered in academic partnership with Manchester Metropolitan University:
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Redeem your exclusive discount entering the code mentioned in the advertisment that has landed you here
Redeem your exclusive discount entering the code mentioned in the advertisment that has landed you here
Redeem your exclusive discount entering the code mentioned in the advertisment that has landed you here
Redeem your exclusive discount entering the code mentioned in the advertisment that has landed you here
How Will This Course Help You?
On completion of this course students will be able to:
Determine sources of financial information and interpret the data (understanding the big picture of the way an individual is financially involved into the world, the financial markets and its actors, fundamental concepts like interest rates, risk and rates of return and time value of money) |
Critically assess financial planning techniques including appropriate sources of finance within the tourism and hospitality industries |
Analyse and interpret financial accounting information to make business and economic decisions within the tourism and hospitality industries (understanding fundamental investment concepts like cost of capital and capital budgeting, using appraisal techniques) |
Recognise and address financial sustainability issues, applying ethical and organisational values to specific situations (understanding capital structure, relationship to shareholders, analyzing value creation) |
COURSE CURRICULUM
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Bonuses & Special Features When You Join Today
BONUS # 1 |
ONLINE QUESTIONAIRE to verify acquired knowledge and receive the CERTIFICATE |
A set of 16 questions to be answered on a google form. Some questions involve calculations done in excel, on financial calculator, on paper etc. Questions will be covering most of the concepts taught during the course. The submission of form answers will be verified online by Alexandru S. Ionescu. Based on the test that is designed to be passed, you will receive in a few days the FIVESTAR HOSPITALITY ACADEMY certificate. |
BONUS # 2 |
SUPPORTING MATERIALS |
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BONUS # 3 |
MEMBERS ONLY DISCUSSION GROUP |
Discuss the lectures, go deeper into the topics that fascinate you, and engage with inspiring people on the same journey as you. The Financial management student community is meant to be an active and diverse group of people you'll connect with through your private membership platform and official Whatsapp group. Get in contact with Alexandru-Sorin Ionescu to get guidance on your project. |
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JOIN THE PROGRAM
LIFETIME ACCESS |
Join once, own it for life and repeat as often as you want. |
FREE UPGRADES |
All future upgrades of the course will be available for you for free. |
EXCLUSIVE OFFERS |
Act today using the exclusive offer code from the AD. |
JOIN US NOW TO BECOME PART OF OUR COMMUNITY
YOU ARE SPENDING ANYWAY HUNDREDS OF HOURS ON YOUTUBE!
TIME TO SPEND 17 HOURS THE RIGHT WAY
INVEST IN YOUR FUTURE, FINANCIAL MANAGEMENT IS NOT SO HARD AS IT SOUNDS
SWITCH YOURSELF ON TO THE PATH OF GETTING RICHER IN A WAY OR ANOTHER
IT IS YOUR CALL TO MAKE YOUR DREAMS COME TRUE
IVY LEAGUE CONTENT COMBINED WITH SPEED LEARNING AT A FRACTION OF THE COST
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