If you have questions and need answers, don't hesitate to contact the HFTP Research Institute! This is an extremely valuable benefit to HFTP members, so take advantage today!

Recent Research Articles: 

Finance for the Non-financial Manager

A series written for The Bottomline magazine to serve as a resource to share with your staff to cover basic finance principles. Topics in the series include: Statement of Cash Flow, Benchmarking, Statements of Income, Balance Sheets, Ratio Analysis, Departmental Payroll Titles, Expense Dictionary, Statement of Owner's Equity and HFTP Member Questions.
Finance for the Non-financial Manager PDF>

Hotel Key Cards and Guest Information

For several years a rumor has been passed around that hotels are storing personal guest information on key cards.  This rumor is not true and the following link takes you to an article at Snopes.com with all of the details.
http://www.snopes.com/crime/warnings/hotelkey.asp

Golf Green Costs

GAAP Recording:  The cost to redo greens should be capitalized and depreciated over the life of the green/tee box.  The cost is treated in such a way because the green/tee box has a finite life.  Once redone, the greens and tee boxes will have future benefits (since they're not redone every year) and should be depreciated over their useful lives.

Tax Treatment:  The following website describes in detail the tax treatment of greens costs.
Section 167 - Rev. Rul. 2001-60  http://www.unclefed.com/Tax-Bulls/2001/rr01-60.pdf

Music Licensing

As you probably already know music licensing companies (BMI, ASCAP and SESAC) are in charge of collecting royalties for songwriters, composers, lyricists and music publishers. The difference between the three are the individuals that they represent. To determine if you are playing music represented by these three companies you can look at their websites listed below.

BMI - www.bmi.com
ASCAP - www.ascap.com
SESAC - www.sesac.com