Exploring the GHACP: A Valuable Resource for Hospitality Finance Professionals

HFTP has developed a unique resource for the hospitality industry — the Global Hospitality Accounting Common Practices (GHACP). The GHACP is an online resource and guide for hospitality industry accounting practices, which includes four major parts: operating schedules, indextionary, HFTP…

The Advisory Advantage: Help Other Professionals Get CHAE or CHTP Certified

Written By: Robin Bogdon, HFTP certification manager Your experience can make a difference! If you are an active CHAE or CHTP designee, you can apply to become an advisor to other professionals seeking to achieve their own HFTP certification designation….

Are You Ready for the New Revenue Recognition Accounting Standards?

By Chris Garland Revenue recognition standards have been converged and are now changing for both IFRS (IFRS 15) and US GAAP (ASC 606-10) beginning in 2018. US GAAP will allow non-public companies to transition beginning in 2019. After receiving input…

Online Travel Agencies and Occupancy Tax: A Proliferation of Lawsuits

By Amanda Belarmino Online travel agencies (OTAs) such as Expedia and Booking.com are the channel of choice for approximately 14 percent of all hotel bookings in the United States. Typically, these channels are responsible for collecting occupancy tax directly from…

Global Hospitality Accounting Common Practices (GHACP)

Answers found in the GHACP Database: Congratulations, you recently started a new position as director of finance at a resort in a remote tropical paradise. You decided you were ready for a change of pace from the big city hotel…

Chapter Events – December 1-15

Here is a look at the events our chapters have planned for the first half of December. December 1, 2016 Central Virginia Chapter 6:30 p.m. | Location TBD Holiday Celebration For further details and RSVP – CLICK HERE December 2, 2016 Charlotte/Blue…

Chapter Events – November 16-30

Here is a look at the events our chapters have planned for the second half of November. November 16, 2016 New Mexico Chapter  5:30 – 7:30 p.m. | REDW offices Accounting Ethics Presentation by Joyce L. Ellis, DBA, MAFM, CPA For further details and…

HFTP Career Development – A Never Ending Story

Written By: Aditya Prabaswara A file came to my desk, “a handover file,” with the details for the next program I was to handle for The Westin Harbour Castle, Toronto. As a meetings and events manager, it is just part of my day-to-day…

Chapter Events – November 1-15

November 1, 2016 New Orleans Chapter  9:00 a.m. – 12:00 p.m. | Offices of McGlinchey Stafford Happenings in Hospitality – Updates and Trends in Tax and Employment Law For further details and RSVP – CLICK HERE University of Houston Student Chapter …

Chapter Events – October 16-31

Here is a look at the events our chapters have planned for the second half of October October 16, 2016 New York City Chapter  9:00 a.m. – 12:00 p.m. | Riverside Park Walk To End Alzheimer’s For further details and RSVP – CLICK…