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Date
8 November 2021
Location
Online

Online course: A deep dive into the Uniform System of Accounts for the Lodging Industry (USALI)

8 Nov 2021

This unique online course, offered in partnership with Ascend, the learning partner for US based HFTP, has been designed for all those seeking to strengthen their understanding of hotel accounting best practice and benchmarking. The USALI sets out recommended formats, account headings and cost classifications for the preparation and presentation of management accounting statements for hotels. The first edition was published in 1926 and since then this has become the industry standard for best practice reporting in the hotel and wider hospitality sector. Over the years the USALI has been revised numerous times with the 11th Edition released in 2014.

This course is ideal for:

  • Hospitality finance professionals whose role includes the preparation of internal accounts for control and strategic decision making
  • Finance professionals entering the hospitality industry
  • Technology and systems providers for the hospitality industry
  • Operational managers seeking to gain a detailed insight into the statements used in hotel accounting

The course will enable you to gain a detailed understanding of the hotel financial statements and ratios used as recommended by the USALI:

  • understand the organisation and details of the operating statement and schedules
  • know the various financial statements and how they are compiled
  • use financial ratios and operating metrics to compare and evaluate the operational and financial performance of the property.

There is the opportunity to gain a range of certifications from HFTP to add to your career profile:

  • USALI Theory Certificate
  • USALI Practice Certificate
  • Hospitality Benchmarking Certificate

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More Information

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Key Dates

Course commences 8th November 2021 for 16 weeks.

Total cost £1,350 + VAT @ 20% per person - this includes 16 week tuition plus the HFTP certification fees for the three awards normally costing $1,000 per award.

For more information download the course flier here.

Entry Requirements

This course is recommended for:

  • Hospitality finance professionals whose role includes the preparation of internal accounts for control and strategic decision making
  • Finance professionals entering the hospitality industry
  • Technology and systems providers for the hospitality industry
  • Operational managers seeking to gain a detailed insight into the statements used in hotel accounting

Organisations Involved

The programme of activities will be delivered by Debra Adams, founder of arena4finance, and provides the opportunity to gain three widely recognised certifications from the US based Hospitality Finance and Technology Professionals Association.

The online content will be enhanced by access to the HFTP Certification Programme powered by Ascend as well as online access to your own personal copy of the Uniform System of Accounts for the Lodging Industry.

HFTP, the Hospitality Financial and Technology Professionals (HFTP®) established in 1952, is an international, non profit association, headquartered in Austin, Texas USA, with offices in the United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com®.

Ascend

We are delighted to work with the team at US based Ascend for the delivery of this unique programme.

About Ascend

Ascend focuses on delivering online learning, certification and in-person programs that are designed to address opportunities for professional growth within hospitality and service organizations. With over 60 years combined of both hospitality and education experience, their approach involves assessing the knowledge needs of the learner to develop engaging and interactive programs. An Ascend program provide opportunities for individuals to immediately apply their new knowledge and provide benefit to their organization. Ascend is based in Houston, Texas.

Session Details

Enrol with us for an online learning experience combining expert course tutor support over a period of 16 weeks with a regular programme of online activities including webinars, video conferencing and discussion activities hosted on our learning platform. This experience is combined with content from our partners at Ascend to support the specific USALI modules you will then have the opportunity to gain three widely recognised certificates to add to your portfolio of achievements.

Each week you will learn more about the key financial statements and how these are used for hotel reporting on a monthly basis along with the essential key performance indicators for monitoring performance and bench marking.

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