Description

Course Name: Certificate in Hotel Finance Management

Global Occupational Skill Standard – GOSS ID: GOSS/HT/CHFM/V1

Eligibility: Graduation or Equivalent.

Duration: Three Months.

Objective: The Certificate in Hotel Finance Management course is designed to equip participants with the financial knowledge and practical skills necessary to handle the accounting and financial responsibilities of hotel operations. The course covers financial planning and analysis, budgeting and forecasting, revenue management, cost control, payroll processing, inventory accounting, and preparation of financial statements. 

Get ready to join the Journey to become a GSDCI Certified Professional  – International Certification and Assessment Body.

Steps to become a GSDCI Certified Professional:

Step 1: Select your certification you want to pursue.

Step 2: Click on get certified tab, new pop up window will open.

Step 3: Click on pay certification fee, you will be redirected to billing details page.

Step 4: Fill your details and click on pay certification fee, You will be redirected to payment gateway, pay fee by any available options like Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 5: You will get Login Credentials of Online E-Books and Online assessment link on your email id, within 48 hrs of payment.

Step 6: After completion of the online assessment, the soft copy of your certificate will be sent to your registered email ID within 5 days.

Assessment Modules:

Module 1: Introduction to Hotel Financial Management: Role and responsibilities of a Hotel Finance Officer, Overview of financial operations in the hospitality industry, Understanding the hotel chart of accounts and revenue streams, Coordination with front office, F&B, and other departments, Financial policies and internal controls in hotels, Importance of financial accuracy and compliance.

Module 2: Budgeting and Forecasting: Preparing annual operating and capital budgets, Revenue forecasting techniques and seasonal trends, Departmental budgeting and variance analysis, Monitoring actual vs. budgeted performance, Cost estimation and control mechanisms, Collaborating with department heads for financial planning.

Module 3: Hotel Accounting and Bookkeeping: Recording daily financial transactions and journal entries, Managing receivables, payables, and general ledger, Night audit reports and reconciliation procedures, Posting and reviewing cash, credit, and POS transactions, Accounting for room sales, banquet, and other revenues, Month-end and year-end closing activities.

Module 4: Payroll, Taxation, and Compliance: Processing payroll and statutory deductions (PF, ESI, TDS), Managing employee benefits and leave accounting, Filing GST, income tax, and other hotel-related taxes, Ensuring compliance with labor and financial laws, Coordinating with auditors and tax consultants, Maintaining accurate payroll records and reports.

Module 5: Financial Reporting and Performance Analysis: Preparing financial statements (P&L, balance sheet, cash flow), Department-wise revenue and cost analysis, Calculating operating ratios (ADR, RevPAR, GOP, OCC%), Internal reporting to management and stakeholders, Identifying financial trends and opportunities, Supporting strategic decision-making with financial insights.

Module 6: Cash Flow Management, Audit, and Risk Control: Daily cash management and bank reconciliation, Monitoring credit limits, advance deposits, and collections, Internal audits and fraud prevention in hospitality finance, Risk assessment and loss prevention strategies, Managing insurance, contracts, and financial records, Supporting hotel expansion and investment planning.

GSDCI Online Assessment Detail:

• Duration- 60 minutes.
• Number of Questions- 30.
• Number of Questions from each module: 5.
• Language: English.
• Exam Type: Multiple Choice Questions.
• Maximum Marks- 100, Passing Marks- 50%.
• There is no negative marking in any module.

Benefits of Certification:

1. Global Recognition & Credibility – Stand out worldwide with a certification that strengthens your professional profile across borders and demonstrates your skills to employers and institutions.

2. Quality Assurance through ISO Certification – Programs follow an ISO-certified quality management system to promote consistency, reliability, and a standardized learning experience.

3. Career Advancement & Employability – Enhance your résumé, demonstrate professional competence, and improve your prospects for career growth, promotions, or suitable job opportunities.

4. Non-Profit Trust Factor – Certification from a non-profit organization reflects a mission-driven approach focused on skill development, professional learning, and public benefit.

5. Access to Learning Resources – Gain access to useful learning resources such as e-books, mock tests, assessments, and online academic support.

6. Transparency & Online Verification – Each certification includes a unique enrolment or certificate ID, enabling convenient online verification by employers and other interested parties.

7. Lifetime or Long-Term Validity – Certifications may offer lifetime or extended validity, reducing the need for frequent renewal, subject to the applicable certification scheme.