Uniform System of Accounting for Lodging Industries Part 2

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Uniform System of Accounting for Lodging Industries Part 2

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1 Year Access
Intermediate
3 Students
2 hours, 35 minutes

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Overview

Take your understanding of Uniform System of Accounting for Lodging Industries to the next level with this highly acclaimed Uniform System of Accounting for Lodging Industries Part 2 course. This course will introduce you to the importance of USALI in organizing and reporting hotel management information for the food and beverage department.

USALI is used by hotels of various sizes worldwide, and having a thorough understanding of its standards is quite advantageous. This incredible Uniform System of Accounting for Lodging Industries Part 2 program will lead you through the core elements of USALI and show you how to compare hotel performance to other hotels using best practices. It will teach you the concept of food and revenue and the structure of profit and loss statements for the hotel industry’s food and beverage department, as specified by the USALI. You will learn about the food and department expenses and statistics and explore how to analyze profit and loss and resources.

Enrol right now, and take steps towards leading hotel financial departments!

Course design

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 certification and you can choose to make your achievement formal by obtaining your PDF Certificate at a cost of £9 and a Hard Copy Certificate for £15.

Why study this course

Whether you’re an existing practitioner or aspiring professional, this course will enhance your expertise and boost your CV with key skills and an accredited qualification attesting to your knowledge.

The Uniform System of Accounting for Lodging Industries Part 2 is open to all, with no formal entry requirements. All you need is a passion for learning, a good understanding of the English language, numeracy and IT, and to be over the age of 16.

Course Curriculum

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
F&B Department Revenue
	F&B Profit & Loss Statement Template (Revenue and Cost of Sale) Part 1	00:05:00
	F&B profit & Loss Template Explained Part 2	00:04:00
	Food Revenue and Beverage Revenue Explained	00:08:00
	F&B Allowance and Other revenue lines explained	00:16:00
F&B Department Expenses
	F&B Cost of Food Sales and Beverage	00:09:00
	F&B cost of sale for other revenue	00:06:00
	F&B Dept Labour cost (Salary and Wages)	00:05:00
	F&B Dept Other line items for labour cost	00:08:00
	F&B Labour cost Supplimental Pay and Employee Benefits	00:08:00
	F&B Operating Exenses – Banquet Expenses	00:03:00
	F&B Operating Expenses Starting with C	00:08:00
	F&B Operating Expenses – Decoration to Linens	00:10:00
	F&B Operating Exenses – Management fee to Utensils	00:08:00
F&B Department Statistics
	F&B Dept Operating Metrics Prescribed by USALI	00:10:00
	F&B Dept Statistocs to understand Profitability by Venue	00:06:00
	F&B Dept Formula to calculate Metrices discussed earlier	00:08:00
How to Analyse P&L and Resource
	Fixed And Variable expenses and how to analyse P&L	00:16:00
Additional Resource
	Additional Materials	00:00:00
Assignment
	Assignment – Uniform System of Accounting for Lodging Industries Part 2	00:00:00