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Overview

Approx 3 Hours To Complete Uniform System Of Accounting For Lodging Industries Part 1 in English Language

Uniform System of Accounting Lodging Industries (USALI) has been around for almost 100 years. It started out as a guidebook for the Hotel Accountants Association of New York City in the late 1920s. Since then It was adopted by the American Hotel Association and most recently by the association, Hospitality Financial and Technology Professionals, or perhaps better known as HFTP.

Syllabus

    Definitions of revenue line items, revenue segmentation

    Key terms used in the rooms department

    Meaning of expenses line, what goes inside and what is not

    What expenses are variable and fixed

    What are operating statistics which are prescribed by USALI and helpful in understanding P&L

    How to read and understand rooms department profit & loss statement

What you will learn

  • Introducing hotel operating structure-profit centers

  • Introducing hotel operating structure-support centers

  • Explaining the main profit & loss statement

  • Room profit & loss – transient market segment

  • Rooms – group market segment explained

  • Rooms division – contract revenue and other room revenue

  • Other rooms revenue consideration – packages barter loyalty program

  • Structure of room departmental expenses

  • Labour cost departments and positions

  • Other labour cost items for room division

  • Room expenses A-D

  • Room expenses E-R

  • Room expenses S-Z

  • Intro to section on room statistics

  • Occupancy statistics definitions

  • Formulas for room statistics

  • Room statistics report to help understand P&L

  • Understanding what are variable expense and fixed.. showing P&L analysis

  • Closure video for rooms module

About the instructor

Manish Gupta
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  • 2 Students
  • 13 Courses
  • Manish Gupta

    Skills :Business & Finance,Data Science,Accounting & Tax

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    Course Features

  • Lectures 19
  • Quizzes 0
  • Duration 3 Hours
  • Skill level Beginner
  • Language English
  • Assessments Yes