M2-Hospitality Finance USALI -Rooms Segmentation, Hotel PL

M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L, available at $54.99, has an average rating of 4.25, with 22 lectures, based on 6 reviews, and has 1064 subscribers.

You will learn about uniform system of accounting (USALI) accounting guidelines chart of accounts for hospitality market segmentation This course is ideal for individuals who are hotel management professionals or hotel finance employees or operation managers It is particularly useful for hotel management professionals or hotel finance employees or operation managers.

Enroll now: M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L

Summary

Title: M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L

Price: $54.99

Average Rating: 4.25

Number of Lectures: 22

Number of Published Lectures: 22

Number of Curriculum Items: 22

Number of Published Curriculum Objects: 22

Original Price: $64.99

Quality Status: approved

Status: Live

What You Will Learn

uniform system of accounting (USALI)

accounting guidelines

chart of accounts for hospitality

market segmentation

Who Should Attend

hotel management professionals

hotel finance employees

operation managers

Target Audiences

hotel management professionals

hotel finance employees

operation managers

Hospitality finance is unique from other industries. A part of the hotel finance department is considered part of hotel operations rather than a support function due to blending into the main operations for cash control, purchasing, material management.

Hotel operations are also fast-paced high-volume transactions making it unique and require a lot of internal controls and reconciliations. Being a part of a big moving machine, if finance does not function equally fast, the entire machine gets slows.  and if internal control is week, revenue may leak.

In this complete Master Class, we will learn all components of the hotel finance function, internal controls, management aspects and technical accounting.

Class is divided into Modules and you will gain access to all modules one by one. you can choose to learn as per your individual requirements. In this module, we will be covering

– What is uniform system of accounting for lodging industries (USALI)

– Templates for Profit & Loss Account

– Definition of Revenue and Expenses lines in Profit & Loss accounts.

– Market Segmentation and other statistics reports prescribed by USALI for hotels to maintain for analysis

In other modules, we will be covering,

Uniform System of accounting,

Accounts Receivable

General Accounting

Fixed Asset Controls

Income Audit

Cost Control and other departments.

This Module is Basic and the First to be learned. There will be updates to this module based on our Live classes. You can ask any questions in the Question and Answers.

The instructor of this class is an experienced CFO with over 12 years of experience in hospitality finance, Currently, he is managing 15 hotels in Myanmar.

Once you have completed all Modules, you will get entitled to Get a Master Class Certificate issued by “E hotel management school”  separately in addition to completion certificate issued by UDEMY for Completing each module.

Course Curriculum

Chapter 1: Introduction to USALI

Lecture 1: 1. Introducing Hotel Operating Structure-Profit Centers

Lecture 2: 2. Introducing Hotel Operating Structure-Support Centers

Lecture 3: 3. Explaining the main Profit & Loss Statement

Lecture 4: Resources used in this Class

Chapter 2: Room Division P&L – Revenue Part

Lecture 1: 4. Room Profit & Loss – Transient Market Segment

Lecture 2: 5. Rooms – Group Market Segment Explained

Lecture 3: 6. Rooms Division – Contract Revenue and Other Room Revenue

Lecture 4: 7. Other Rooms revenue consideration – Packages Barter Loyalty program

Chapter 3: Room Division Expenses

Lecture 1: 8. Structure of Room Departmental Expenses

Lecture 2: 9. Labour cost Departments and Positions

Lecture 3: 10. Labour cost Departments and positions

Lecture 4: 11. Other Labour cost items for Room Division

Lecture 5: 12. Room Expenses A-d

Lecture 6: 13. Room Expenses E-R

Lecture 7: 14. Room Expenses S-Z

Chapter 4: Room Department Statistics and Analytics

Lecture 1: 15. Intro to Section on Room Statistics

Lecture 2: 16. Occupancy Statistics definitions

Lecture 3: 17. Formulas for Room Statistics

Lecture 4: 18. Room Statistics Report to help understand P&L

Lecture 5: 19. Understanding what are variable expense and fixed.. showing P&L analysis

Lecture 6: 20. Closure Video for Rooms Module

Chapter 5: Bonus Lecture

Lecture 1: Link to other Modules in the Master Class

Instructors

Hotel Management School Your learning Partner
Professional Hotel Management courses for career development

TA eHMS
Business Development at eHMS

Rating Distribution

1 stars: 0 votes

2 stars: 0 votes

3 stars: 1 votes

4 stars: 3 votes

5 stars: 2 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!