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28

Jun
2016

Hotel Accounting Blog Author's Note

Written by Howard Field.
Author's NoteI would like to share with my readers the intent of these blog articles and what I wanted to achieve with them.Having spent 50 years in the hotel industry experiencing a variety of finance related roles, one area where I believe there has been little progress is the guidance ...

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27

Jun
2016

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

Written by Howard Field.
Hotel operating accounts that follow the USALI standards focus on the elements of revenues and costs that reflect the trading results of the business, down to EBITDA. How other financial costs and movements of assets and liabilities and are controlled and accounted for by the Uniform System of Accounts for ...

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01

Jun
2016

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

Written by Howard Field.
Interpreting and Auditing Hotel Accounts in 2016 - Part 6 The Hotel Operating Statement Financial Accounting Issues The USALI is principally a management accounting structure. This means that allocations of revenues and costs may not accord with relevant financial reporting standards or those necessary for taxation computations. Here are some ...

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06

May
2016

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

Written by Howard Field.
In Part 4, the overall format and content of the USALI Summary Operating Statement and makeup of the Total Operating Revenue was covered. The categorisation of Revenues and Costs in the USALI is based on a departmental structure. In this Part, the focus will be on the remainder of the ...

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03

May
2016

The Iceberg is Here - By Howard Field

Written by Howard Field.
It’s all happening now and what are we going to do about it ? The hospitality industry is enormous and vitally important to the UK economy. How does it happen that a subject like this falls on to the government to dictate to the industry what should be good practices? ...

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28

Apr
2016

HOSPA welcomes the new CEO

Written by Jane Pendlebury.
I am delighted to introduce myself as HOSPA’s new CEO, taking over from Carl. I’ve got a long history with HOSPA - I used to be a sponsor, Carl and I launched the IT directors’ lunches/dinners together, I then helped out on a voluntary basis with the conference for a ...

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08

Apr
2016

Interpreting and Auditing Hotel Accounts in 2016 - Part 4 The Hotel Operating Statement

Written by Howard Field.
Interpreting and Auditing Hotel Accounts in 2016 - Part 4 The Hotel Operating StatementHotel management and financial reporting continued; the Uniform System of Accounts for the Lodging Industry (USALI)This part of the series concentrates on the format and content of the Summary Operating Statement. Hotel accounts prepared by almost all ...

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08

Apr
2016

Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry. - Part 3 Hotel Management Information and Reporting

Written by Howard Field.
Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry. Part 3 Hotel Management Information and reportingManagement and financial reportingEvery business needs to implement a system to record its transactions with customers, employees, suppliers, and to report ...

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08

Apr
2016

Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry. Part 2 -What Is A Hotel

Written by Howard Field.
Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry. Part 2 What Is A HotelA typical hotel is a complex business unit. It has distinguishing features from other businesses that demand an organised approach to monitoring ...

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08

Apr
2016

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

Written by Howard Field.
Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry. Overview of the Blog SeriesIf you are an accountant, auditor, lawyer, banker, asset manager, real estate specialist and/or you have clients you are advising in the hotel ...

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