Hospitality Accounting
6 Credits: Accounting
Event Date: November 14, 2024 7:30 am$838.00
Availability: 48 in stock
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Secure Transaction Hospitality Accounting
Format
Conference
Course Level
CPE Credits
6 Credits: Accounting
Event Date: November 14, 2024 7:30 am
Course Description
Whether you hold a position as an owner, operator, general manager, staff member, or department head in a hotel or restaurant property, this course will enhance your accounting knowledge and boost your confidence in decision-making. You’ll gain hands-on experience in benchmarking various hotel, lodging, and restaurant units throughout the course. This practical exposure will enable you to assess your performance relative to competitors in the lodging industry. You’ll be better equipped to make informed choices in procurement, staffing, operations, and marketing budget allocation.
The central focus of the course is on decision-making skills, including accurately interpreting financial statements, benchmarking against competitors, and drawing precise inferences to optimize your decisions.
Learning Objectives
- Examine and cite the Uniform System of Accounts for the Lodging Industry (USALI)
- Learn how to apply managerial accounting tools to improve flow through
- Apply and use specific financial statements for better decision-making
- Discuss ways to benchmark hotel and restaurant performance
- Cite the best ways to prepare operating budgets and monitor performance
- Understand the consistencies and differences between USALI and U.S. GAAP with reference to IFRS
Course Specifics
24CNewYork-LE375406
None
None
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Nicole Davis, CPA, MBA, is the founder and CEO of Butler-Davis Tax & Accounting, BD Payroll, and Groundworx Contractors, managing a total of 26 team members. She brings more than two decades of experience in accounting, tax, financial management, and advisory services to clients of all sizes in various industries. Nicole specializes in tax strategy, small business accounting with specialties in construction, independent pharmacies, and service-based businesses. Before founding Butler-Davis, Nicole Davis spent most of her career in corporate accounting with Fortune 500 companies. She began her career with ConocoPhillips, an oil and gas company in Bartlesville, Oklahoma. Nicole Davis …