Name: M2-Hospitality Finance USALI -Rooms Segmentation, Hotel P&L
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Created byHotel Management School Your learning Partner, TA eHMS

Last updated 3/2022

English

What you'll learn

uniform system of accounting (USALI)
accounting guidelines
chart of accounts for hospitality
market segmentation

Course content

5 sections • 22 lectures • 3h 6m total length

1. Introducing Hotel Operating Structure-Profit Centers2:37
2. Introducing Hotel Operating Structure-Support Centers3:17
3. Explaining the main Profit & Loss Statement8:56
Explains the main profit and loss statement (grand page) for hotels, detailing revenue by department, budgets and forecasts, year-to-date and month-to-month comparisons, and key expense categories.
Resources used in this Class0:02

4. Room Profit & Loss - Transient Market Segment10:27
5. Rooms - Group Market Segment Explained8:55
6. Rooms Division - Contract Revenue and Other Room Revenue5:50
Examine contract room revenue for stays over 30 days, distinguish it from long-stay bookings, and review no-shows, deposits, group contracts, and late checkout fees affecting adr.
7. Other Rooms revenue consideration - Packages Barter Loyalty program8:55

8. Structure of Room Departmental Expenses9:02
Explore the structure of room department expenses under USALI, detailing labor costs—including management vs non-management, payroll, and service distribution—and non-labor operating costs across front office, housekeeping, laundry, and guest services.
9. Labour cost Departments and Positions4:43
Explore how labor cost is structured in hospitality, detailing salary and wages, contract employees, payroll, and the split between management and non-management roles across front office, guest services, and housekeeping.
10. Labour cost Departments and positions6:07
Analyze labor cost in the rooms division, covering housekeeping, laundry, reservations, transport, and club floor staff. See how salaries and wages are allocated to rooms division to reflect performance.
11. Other Labour cost items for Room Division11:22
Explore contracted and outsourced labor, bonuses and incentives, and payroll related expenses including payroll taxes, supplementary pay, and employee benefits for the room division.
12. Room Expenses A-d16:38
Explore room expenses in usali, focusing on cleaning expenses, cleaning supplies, and the capex vs expense treatment for equipment. Also examine cluster services, commissions, complimentary f&b, in-room entertainment, and decorations.
13. Room Expenses E-R22:49
Examine room expenses from dues and subscription through reservation expenses, detailing entertainment in-house, equipment rental, guest relocation, guest supplies, transportation, laundry, linens, licenses, and operating supplies.
14. Room Expenses S-Z4:38
Understand room department expenses, including royalty fees for brand use, training costs, travel and meals, and uniform costs with amortization, plus uniform and linen laundry allocations.

15. Intro to Section on Room Statistics1:28
Discover how to calculate occupancy and other key operating metrics for hotel performance. Clarify inventory concepts like total inventory, available for sale, and not available for sale in room statistics.
16. Occupancy Statistics definitions24:29
17. Formulas for Room Statistics5:45
Master the formulas for room statistics, including occupancy percentage, rooms sold versus available, complimentary rooms, and average length of stay with segment and nationality breakdowns.
18. Room Statistics Report to help understand P&L12:02
19. Understanding what are variable expense and fixed.. showing P&L analysis17:17
Analyze hotel profit and loss by distinguishing fixed and variable expenses, interpreting room revenue segmentation, and evaluating labor costs, operating costs, and budget comparisons for informed profitability decisions.
20. Closure Video for Rooms Module1:21

Requirements

basic hospitality experience

Description

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.

Who this course is for:

hotel management professionals
hotel finance employees
operation managers

What you'll learn

Explore related topics

Course content

Introduction to USALI4 lectures • 15min

Room Division P&L - Revenue Part4 lectures • 34min

Room Division Expenses7 lectures • 1hr 15min

Room Department Statistics and Analytics6 lectures • 1hr 2min

Bonus Lecture1 lecture • 1min

Requirements

Description

Who this course is for: