Uniform System of Accounting for Lodging Industries Part 1
Take advantage of the opportunity to learn about USALI, the most comprehensive guide to financial standards of the hotel industry.
Take advantage of the opportunity to learn about USALI, the most comprehensive guide to financial standards of the hotel industry with this exclusively designed Uniform System of Accounting for Lodging Industries Part 1 course.
Hotel information must be organised and reported consistently. This is when USALI enters the picture. It gives you a robust and practical framework for assessing how your hotel is performing and comparing your results to others in the sector. Our comprehensive Uniform System of Accounting for Lodging Industries Part 1 course will give you an overview of USALI and its most essential features. You will learn about the profit and loss statement based on USALI for the hotel industry and delve deeper into revenue, expenses and P&L analysis and resources. Once you complete, you will get to grips with the specific skills to track your hotel’s performance and compare it to others by employing USALI’s best practices.
The course is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.
You are taught through a combination of
- Video lessons
- Online study materials
Will I receive a certificate of completion?
Upon successful completion, you will qualify for the UK and internationally-recognised CPD accredited certification. You can choose to make your achievement formal by obtaining your PDF Certificate at the cost of £9 and Hard Copy Certificate for £15.
Why study this course
It doesn’t matter if you are an aspiring professional or absolute beginner; this course will enhance your expertise and boost your CV with critical skills and an accredited certification attesting to your knowledge.
The Uniform System of Accounting for Lodging Industries Part 1 is fully available to anyone, and no previous qualifications are needed to enrol. All One Education needs to know is that you are eager to learn and are over 16.
|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|
|Rooms – 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 for 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|
|Ocupancy Statistcis definitions||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|