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New Edition of the Uniform System of Accounts available in Print and Digital format < back

Written by Jane Scott

USALI 11th Edition The First Edition of the USALI, which sets out recommended formats, account headings, and classifications for the preparation and presentation of financial statements, was published in 1926 by the Hotel Association of New York.

Since then, the USALI has been revised numerous times to bring us to the most recently released 11th Edition. However, 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 high volume of revisions is a reflection of the need to update due to changes in industry practice and legislation 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 Revised 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

Another large change to the USALI, reflecting the changes in technology since the 10th Edition, is that the 11th Edition is now available in digital format as well as its usual hardback print format (which is due to be available in June 2014). For more than a 30% discount, the digital version is available for online viewing only, but in due course, users will be able to download it to a tablet device for offline reading.

A further change, responding to industry demand, is that both the print and digital versions of the USALI 11th Edition will come with a passcode that enables readers to register and receive access to downloadable Excel templates of all financial statements and supporting schedules, as well as a searchable ‘Revenue and Expense Guide’.

To view a summary of the revisions contained in the 11th Edition of the USALI, please download the following PDF commentary from Howard Field, author of the ‘Guide to the Uniform System 10th edition’:

USALI 11th Edition Changes Summary.pdf (308.7 KB)

For those wanting to know more, or if you are unfamiliar with the Uniform System of Accounts, please download and view the following presentation which was delivered by Howard Field at HOSPACE 2013:

Uniform System of Accounts for the Lodging Industry (11th Revised Edition).pdf (1.0 MB)

‘A Guide to the Use and Interpretation of the Uniform System of Accounts for the Lodging Industry - 10th Revised Edition’ (2010) by Howard Field

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