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 Global Database and industry common practices. Operating Schedules: Examples of summary…

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 scene and now you are wondering what you got yourself…

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,…