Uniform System of Accounts for the Lodging Industry, Tenth Revised Edition establishes standardized formats and account classifications to guide individuals in the preparation and presentation of financial statements for lodging operations.

Changes to this edition include content and format modifications for both the financial and operating statements, reflecting changes in generally accepted accounting principles since the ninth revised edition. Other changes include:

• Account titles altered to reflect typical lodging terminology
• More guidance concerning resort fees, wholesaler sales, mixed-use properties, and allowances
• Increased detail on expenses for all department schedules
• New ratios on gross operating profit, income before fixed changes, and net operating income

Contents

Financial Statements

• Balance Sheet
• Statement of Income
• Statement of Owners' Equity
• Statement of Cash Flows
• Notes to the Financial Statements
• Departmental Statements
• Statement for Gaming Operations
• Statement for Properties Operated by a Management Company

Operating Analysis

• Summary Operating Statement
• Schedule 1—Rooms
• Schedule 2—Food and Beverage
• Schedule 3—Other Operated Departments
• Schedule 4—Rentals and Other Income
• Schedule 5—Administrative and General
• Schedule 6—Sales and Marketing
• Schedule 7—Property Operation and Maintenance
• Schedule 8—Utilities
• Schedule 9—Management Fees
• Schedule 10—Rent, Property and Other Taxes, and Insurance
• Schedule 11—House Laundry
• Schedule 12—Employee Cafeteria
• Schedule 13—Payroll-Related Expenses
• Department Payroll Titles

Ratios and Statistics

Expense Dictionary

click here to see books of related interest