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The Uniform System of Accounts 

The Uniform System of Accounts was first published in 1926 by the Hotel Association of New York. The "Uniform System" has since become a recognised, standard format for the preparation and presentation of financial data for hotels. The newly released 11th edition provides up-to-date instructions for preparing accounts which can be adapted by hoteliers to suit their requirements, depending upon the size and structure of their operation.

The following resources are provided to help you learn more about the USALI and the impact of the changes included in the 11th Edition.

1.     An ongoing series written by Howard Field, international hotel specialist advisor, member of the HOSPA Finance community,  one of the founding members of BAHA and author of the Guide to the 10th Edition of the USALI.

Part 1 Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry.

Part 2 Interpreting and Auditing Hotel Accounts in 2016 - What is a hotel?

Part 3 – Interpreting and Auditing Hotel Accounts in 2016 – Hotel Management and Financial Reporting

Part 4 – Interpreting and Auditing Hotel Accounts in 2016 – The Hotel Operating statement

Part 5 - Interpreting and Auditing Hotel Accounts in 2016 - The Hotel Operating Statement con-tinued

Part 6 - Interpreting and Auditing Hotel Accounts in 2016 - The Hotel Operating Statement Financial Accounting Issues

Part 7 - Interpreting and Auditing Hotel Accounts in 2016 - Key Financial Accounting Issues Replacement Reserve, Current and Fixed Assets, Capitalisation and Depreciation

Hotel Accounting Blog Author's Note

Part 8 - Are you Auditing or Interpreting Hotel Accounts in 2016

2.     The following link is a presentation made at the HOSPA Finance Members meeting in May 2015 to discuss the changes in the 11th Edition, an event chaired by Paul Nisbett, Chairman, Finance Committee – HOSPA with speakers Richard Harrington – Regional Director of Finance, Langham Hotels, David Nicolson – VP Finance, Europe, Jumeirah Group and Cesco Righetti – Director of Finance, Bulgari Hotel & Residences.

Uniform System Of Accounts Forum - 11th May 2015 (1.3 MB)

3.     This article written by Howard Field in 2014 summarises the differences between the 10th and 11th editions of the USALI.

4.     To learn more about the newly revised edition click here

6.     HOSPA offers a one day course focusing on the USALI and how to implement the changes. For more details on the forthcoming course dates contact education@hospa.org

To purchase the Uniform System of Accounts 11th or 10th edition please visit the HOSPA Book Shop The 11th edition comes complete with login details to download the templates in Excel format.






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