The course emphasis connects benchmarking as an essential tool for any profitability tool chest. Each course module is organized to explain the concepts and provide practical applications, incorporating these concepts into daily, weekly or monthly analysis.
A special feature: HotStats, a well-known hospitality data provider, has collaborated with HFTP and Ascend to add real-world examples of applications. Using fictional hotels but actual data, reporting examples will be incorporated to allow for immediate application of new skills within your own organization.
Areas of concentration:
Basics of Operational Benchmarking
(KPIs) Meet the KPIs and Indices
My Hotel's P&L
Choosing the Proper Competitive (Comp) Set
HFTP offers two certificate courses which demonstrate your expertise on the USALI 11th edition. The objective is for participants to understand the history, use and content of the USALI. The courses are available to all, with no previous experience required.
The USALI-11 Theory Certificate course will cover the layout and content of the financial statements for each operating department and undistributed departments. In addition, the course will review the Non-Operating Income and Expense section, Net vs Gross Revenue reporting and the ratios provided in the 11th edition.
PRACTICE — ANALYSIS & COMPLIANCE CERTIFICATE
The USALI-11 Practice — Analysis & Compliance Certificate course will take the knowledge base from the theory course and apply numbers to it and provide insight on how best to analyze and interpret the information in the financial statements. Emphasis will be placed on vertical analysis, horizontal analysis, and ratios.
Each certificate follows these four sections:
Summary Operating Statement and Operating Department Schedules
Non-Operating Income and Expenses and Net vs Gross Revenue Reporting
Ratios and Metrics
HFTP will award the following continuing education points towards the maintenance renewal requirements for the Certified Hospitality Accountant Executive (CHAE ®) and/or the Certified Hospitality Technology Professional (CHTP ®) only:
USALI-11 Certificate Bundle (Theory and Practice): 72 CPE
USALI-11 Certificate (Theory or Practice): 36 CPE
The HFTP Academy Hospitality Certificates are not just for finance and technology professionals. Your entire management team can benefit from understanding how to evaluate and analyze financial statements. These courses make an ideal platform for any management development program, as well. Email [email protected] for special pricing options if you are interested in using these courses company-wide.