This badge was issued to Fabrizio La Volpe on 27 Apr 2021.
HFTP USALI Theory Certificate
The Uniform System of Accounts for the Lodging Industry (USALI) establishes standardized formats and account classifications in the preparation and presentation of financial statements. In the hospitality industry the USALI is referenced in many industry contracts and documents, interested parties need to understand the format and terminology. This certificate covers the layout and content of the financial statements, Net vs Gross Revenue reporting and the ratios provided in the 11th edition.
- Type Learning
- Level Intermediate
- Time Months
- Cost Paid
Skills
Earning Criteria
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Module 1: Summary Operating Statement and Operating Department Schedules. A 100% pass rate must be achieved on this module assessment of 20 questions in order to proceed to the next module.
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Module 2: Undistributed Departments. A 100% pass rate must be achieved on this module assessment of 20 questions in order to proceed to the next module.
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Module 3: Non-Operating Income and Expenses and Net vs Gross Revenue Reporting. A 100% pass rate must be achieved on this module assessment of 20 questions in order to proceed to the next module.
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Module 4: Ratios and Metrics. A 100% pass rate must be achieved on this module assessment of 20 questions in order to proceed to the next module.
Standards
A 90% pass rate must be achieved on every module assessment in order to earn the certificate.