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Advanced Uniform System of Accounting for Lodging Industries Part 1

What Will I Learn? Gain an in-depth understanding of the accepted accounting practices in lodging industries Know how to prepare …

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What Will I Learn?

Gain an in-depth understanding of the accepted accounting practices in lodging industries

Know how to prepare and present financial statements for hotels

Understand the types of organisational structures hotels use

Learn about the structure of room departmental expenses

Have an excellent understanding of labour cost departments and positions

Gain the skills needed to interpret and prepare financial reports

Be able to work in compliance with the uniform system

Course Overview

The Advanced Uniform System of Accounting for the Lodging Industry (USALI) was first published in 1926 as a standard for hotel accounting practices. In the Advanced Uniform System of Accounting for Lodging Industries Part 1 course,

You will learn about this standard in detail, covering key areas such as labour cost departments, hotel operating structure, profit and loss, and uniform system compliance.

This course can be studied on a part-time or full-time basis and is ideal for hotel accounts who wish to learn up-to-date skills and industry knowledge. By the end of this course, you will have a complete understanding of the financial standards in the lodgings industry and will have a practical framework for presenting financial information effectively.

This best selling Advanced Uniform System of Accounting for Lodging Industries Part 1 has been developed by industry professionals and has already been completed by hundreds of satisfied students. This in-depth Advanced Uniform System of Accounting for Lodging Industries Part 1 is suitable for anyone who wants to build their professional skill set and improve their expert knowledge.

The Advanced Uniform System of Accounting for Lodging Industries Part 1 is CPD-accredited, so you can be confident you’re completing a quality training course will boost your CV and enhance your career potential. The Advanced Uniform System of Accounting for Lodging Industries Part 1 is made up of several information-packed modules which break down each topic into bite-sized chunks to ensure you understand and retain everything you learn.

After successfully completing the Advanced Uniform System of Accounting for Lodging Industries Part 1, you will be awarded a certificate of completion as proof of your new skills. If you are looking to pursue a new career and want to build your professional skills to excel in your chosen field, the certificate of completion from the Advanced Uniform System of Accounting for Lodging Industries Part 1 will help you stand out from the crowd. You can also validate your certification on our website.

We know that you are busy and that time is precious, so we have designed the Advanced Uniform System of Accounting for Lodging Industries Part 1 to be completed at your own pace, whether that’s part-time or full-time. Get full course access upon registration and access the course materials from anywhere in the world, at any time, from any internet-enabled device.

Our experienced tutors are here to support you through the entire learning process and answer any queries you may have via email.

Preview

Certification

After successfully completing the course, you will be able to get the UK and internationally accepted certificate to share your achievement with potential employers or include it in your CV. The PDF Certificate + Transcript is available at £6.99 (Special Offer - 50% OFF). In addition, you can get a hard copy of your certificate for £12 (Shipping cost inside the UK is free, and outside the UK is £9.99).

Course Curriculum

Section 01: Introduction
	Introduction to the Course	00:02:00
	Introducing Hotel Operating Structure-Profit Centers	00:03:00
	Introducing Hotel Operating Structure- Support Centers	00:03:00
	Explaining the main Profit & Loss Statement	00:09:00
Section 02: Revenue
	Room Profit & Loss – Transient Market Segment	00:10:00
	Room – Group Market Segment Explained	00:09:00
	Rooms Division – Contract Revenue and Other Room Revenue	00:06:00
	Other Rooms Revenue Consideration – Packages Barter Loyalty Program	00:09:00
Section 03: Expenses
	Structure of Room Departmental Expenses.	00:09:00
	Labour Cost Departments and Positions	00:05:00
	Labour Cost Departments and Positions	00:06:00
	Other Labour Cost Items tor Room Division	00:11:00
	Room Expenses A-D	00:17:00
	Room Expenses E-R	00:23:00
	Room Expenses S-Z	00:05:00
Section 04: Room Division Statistics and Reports
	Introduction to Section on Room Statistics	00:01:00
	Occupancy Statistic Definition	00:24:00
	Formulas for Room Statistics	00:06:00
	Room Statistics Report to Help Understand P&L	00:12:00
Section 05: P&L Analysis and Resources
	Understanding What Variable Expense Are and Fixed… Showing P&L Analysis	00:17:00
	Closure Video for Rooms Module	00:01:00
	Room Division Definitions of Revenue and Expenses as Per USALI	00:36:00
	Rooms P&L Sample	00:00:00
Assignment
	Assignment – Advanced Uniform System of Accounting for Lodging Industries Part 1	00:00:00