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Introduction to the Uniform System for the Lodging Industry 11th Edition for Finance Managers and Auditors

This course has been designed for hospitality finance professionals whose role includes the preparation of internal accounts for control and strategic decision making.

The objective of this one-day course is to guide hospitality finance professionals through the range of revisions in the new edition of the USALI.

These revisions are a reflection of the need to update due to changes in industry practice and Generally Accepted Accounting Practice. The publishers of the revised USALI state that to remain in compliance with the latest edition reporting changes should be in place by January 2015.

Comments from past delegates:

"A day well spent out of the office" Heather Wyper, Finance Director, Apex Hotels

"Clear, concise & enjoyable". Alan Eaton, Financial Controller, Eynsham Hotel

Contact us to find out how this course can be tailored to the needs of your organisation.

Further open course dates will be released soon!

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Course Details

The USALI sets out recommended formats, account headings and cost classifications for the preparation and presentation of financial statements for hotels. The first edition was published in 1926 and since then this has become the industry standard for best practice reporting. Over the years the USALI has been revised numerous times with the 11th Edition released in 2014.

The arrival of a new edition of the USALI is a significant event for the hospitality industry and it is important that readers and users understand the implications of the updates on the following topics:

  • Summary Operating Statement
  • Operating Schedules
  • Food and Beverage Department
  • Non-Operating Income and Expenses
  • Financial Ratios and Operating Metrics
  • Financial Statements
  • Revenue and Expense Guide

Hospitality Reporting and the Uniform System of Accounts Flyer

The Outcome

On completion of the course, delegates will be equipped with the know-how to be able to:

  • Prepare financial statements to the hospitality industry standard
  • Understand, interpret and prepare financial reports
  • Remain in compliance with the Uniform System

All delegates receive a Certificate of Attendance.

Course Delivery

Debra AdamsThe course has been developed by Debra Adams - author of the highly acclaimed textbook "Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries"

The day is complete with course notes and refreshments and is supported by 14-days access to our online study centre.Taking a practical approach, the course is highly interactive and consists of a series of worked examples, case studies and discussions. All delegates will receive a personal copy of the USALI.

Other Information

This course is offered in partnership with the Hospitality Professionals Association (www.hospa.org).

arena4finance is proud to be the provider of professional development programmes in Financial Management and Revenue Management for HOSPA (formerly BAHA, the British Association of Hospitality Accountants).

We regularly provide training support for recognised industry bodies including the Institute of Hospitality, the MasterInnholders, TUCO, Springboard and major operators in the

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