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Date
10 April 2015

Using the 11th Edition of the USALI

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 significance of the updates.

The principal purpose of the USALI remains unchanged; to establish a uniform responsibility accounting system for the lodging industry which enables internal and external users to compare the performance of, for example, a particular hotel or rented apartment to other businesses within the sector. The 11th edition contains a high volume of revisions which is a reflection of the need to update due to changes in industry practice and Generally Accepted Accounting Practice (GAAP) and to address issues that have arisen since the previous edition.

The 11th edition of the USALI, published by the Hotel Association of New York and the Financial Management Committee of the American Hotel & Lodging Association (AH&LA;) with funding from Hospitality Financial & Technology Professionals (HFTP), has various material changes from the 10th edition, including changes 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


The publishers of the revised USALI state that to remain in compliance with the latest edition reporting changes should have been in place by January 2015.

In order to the hospitality industry in remaining compliant with the Uniform System, arena4finance has designed a one-day course with the objective of guiding hospitality finance professionals through the range of revisions.

Taking place on 11th June 2015 in Central London, the training will be delivered by Debra Adams, Head of Professional Development for arena4finance, and Diana Mountain, Consultant & Co-Founder at MRMD. The course has been designed for hospitality professionals whose role includes the preparation of internal accounts for control and strategic decision making. On completion of the course, delegates will be equipped with the know-how to be able to:

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


In addition to the USALI course, we also have a number of other short courses scheduled for 2015:

  • Wednesday 10th June 2015 - Cost Control for F&B Operations
  • Friday 12th June 2015 - Finance for Revenue Managers
  • Monday 21st September 2015 - Cost Control for F&B Operations
  • Tuesday 22nd September 2015 - Hospitality Reporting & the USALI
  • Wednesday 23rd September 2015 - Finance for Spa Managers


All the above one-day courses include lunch and course notes, plus 14 days access to the online classroom. To register your place at any of the above courses, please email hello@arena4finance.co.uk or call us on +44 (0)1202 842809.