GHACP and the Hot Off the Press USALI 11th Edition

The news is out! The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available and due for implementation in 2015. As opposed to the green soft cover of its predecessor, the 11th edition sports a blue hardcover. If one asks the color experts, the color blue stands for trust and responsibility. If one goes by the old glory blue of the American flag, the blue stands for vigilance, perseverance and justice. A perfect choice!

The USALI 11th edition comes in both a print and downloadable version. In addition, members of the Financial Management Committee of the American Hotel & Lodging Association (AH&LA) who have done a yeoman’s job in providing the details for this publication, have also offered several additional online resources for your benefit. You can access all of the information on the USALI Resources page of the American Hotel & Lodging Educational Institute web site.

In addition to those resources, HFTP hosted a webinar pertaining to the changes from the 10th to the 11th edition of the USALI entitled “Highlights of the 11th Revised Edition of the USALI,” presented by Ralph Miller, CA, CBV, CHA, CHAE, president and owner of Inntegrated Hospitality Management Ltd. If you missed this presentation, you can find it once you log into the ProLinks Webinar Archive. You don’t want to miss out on this wealth of information!

However, if you want to compare and contrast the differences side-by-side; then, you have come to the right place. The HFTP developed Global Hospitality Accounting Common Practices (GHACP) offers you just that. Besides being able to access the summary operating statements, schedules, and items of various countries, an additional powerful tool of the GHACP is the comparison function. The site facilitates a side by side view of the summary operating statements of the 10th and the 11th editions as well as any of the other regions included in the database. So, when you utilize the comparison function, you will see two statements presented at the same time.

When you take a look at the Undistributed Operating Expenses in the 11th edition, you will see that there is a new schedule-Information and Telecommunications Systems. One click on the link will take you to the expenses included in that schedule. To go further, a click on the + symbol and the list will be expanded to include the details.

See these images below to get a better picture of what you can expect from these resources.


GHACP side by side comparison of the 10th and 11th editions of the USALI



















View of Information and Telecommunications Systems Schedule













Expanded View of Information and Telecommunications Systems Expenses



















Tanya Venegas is the director at the HFTP Americas Research Center at the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. Please contact Tanya tanya.venegas@hftp.org for any questions regarding these resources or other industry related research.

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1 Comment

  1. I read an article that the new accounting guidelines are not mandatory; so what is the short term and long term repercussion if we don’t do the changes in the Reporting?

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