usali 11th edition
HFTP Debuts Two USALI Certificates, Developed and Powered by Ascend
Ascend | April 22, 2020
The new certificates demonstrate a professional’s expertise on the widely used Uniform System of Accounts for the Lodging Industry (USALI). Course discounts available through August 31, 2020 Hospitality Financial and Technology Professionals (HFTP®) is debuting two new professional certificates which demonstrate one's expertise in the USALI 11th Revised Edition: The USALI-11 Certificate, Theory and USALI-11 Certificate, Practice. Each certificate is a four-module course which cover the concepts, organizational structure and application of this industry-wide reporting standard. Developed by Ascend, a hospitality talent development company,...
The Need for Standardization of Distribution Channel Metrics
Financial Management Committee (FMC) | January 27, 2016
Financial Issues Impacting the Lodging Industry The Financial Management Committee (FMC) of the American Hotel & Lodging Association was established to provide superior financial management expertise on issues of common interest to owners and operators of hotels and motels. In an effort to assist hotel owners and operators, the FMC is presenting a series of monthly articles that address current and emerging financial issues impacting the lodging industry. Some of the potential topics to be discussed include the standardization of industry definitions for distribution channels and associated costs, benchmarking green and sustainable ...
USALI Treatment of Preopening Expenses
January 4, 2016
Implementation of the11th Revised Edition of the Uniform System of Accounts for the Lodging Industry The 11th revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) was published in the spring of 2014, with an implementation date of January 1, 2015. The responsibility for revising the USALI lies with the Financial Management Committee (FMC) of the American Hotel & Lodging Association (AHLA). Throughout the implementation process, the FMC has received several questions from the worldwide lodging industry. To answer these questions, the FMC has created a Frequently Asked Questions (FAQ) document on the USAL...
Treatment of Service Charge for Revenue and Expense Reporting in the Hospitality Industry
Christopher Garland | June 29, 2015
Implementation of the11th Revised Edition of the Uniform System of Accounts for the Lodging Industry The 11th revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) was published in the spring of 2014, with an implementation date of January 1, 2015. The responsibility for revising the USALI lies with the Financial Management Committee (FMC) of the American Hotel & Lodging Association (AHLA). Throughout the implementation process, the FMC has received several questions from the worldwide lodging industry. To answer these questions, the FMC has created a Frequently Asked Questions (FAQ) document on the USAL...
PAS Announces Auditor Approved SOP’s and USALI 11th Global Framework in pasCLOUD Offering
pasCLOUD | April 28, 2015
pasCLOUD leverages ground-breaking technology with new levels of functionality, usability, connectivity, and insight With any organizational change, hoteliers face potential challenges of maintaining standardization across their entire enterprise. pasCLOUD is a back office solution specifically designed for hotels and the hybrid cloud environment as a software as a service. pasCLOUD includes over 40 pre-built reports and dashboards, an Expense Dictionary with over 4,000 items, and hundreds of application integrations. "We are very excited to now offer SOP's with pasCLOUD. We consistently heard that the lack of substantial SOP's made it ...
