HFTP and CMAA Release the Expanded and Improved Uniform System of Financial Reporting for Clubs, 6th Edition

"When we embarked on the revision of the USFRC, it was very clear to all of us that the key to success would be in ease of use, clarity and consistency," said HFTP International President and CFO of the Hartford Golf Club, Wendy Zurstadt, CHAE, CHTP, CPA. "We strove to set up a system that would drive standards to allow for benchmarking and solid comparisons among different types of clubs. While we focused on private not-for-profit city and country clubs, we provided the tools to allow for flexibility for other clubs. This is a book that will be used, not shelved."

This new edition, which is now available through the Educational Institute of the American Hotel and Lodging Association (AH&LA), was expanded in order to include some major changes. The recommendations set forth in the sixth edition are based on a consensus of club industry financial executives, public accounting authorities and club general managers, and are consistent with generally accepted accounting principles. This edition includes the addition of several recommended schedules,explanation of virtually all line items on the recommended schedules, an expense dictionary, illustrated statements and schedules, a taxation issues section and a widely expanded accounting numbering system that provides detailed accounts in both numerical and alphabetical order.

To order the sixth edition of the Uniform System of Financial Reporting for Clubs, which costs $49.95 US for HFTP members and $59.95 US for non-members, contact the Educational Institute of AH&LA at (800) 752-4567 or (517) 372-8800 or contact CMAA at (800) 847-6977 or (301) 705-9940.

The Club Manager Association of America is the professional association for managers of the leading private clubs in the United States and abroad. Founded in 1927, CMAA provides its more than 5,000 members with continuing education, executive career services, a national trade magazine, Club Management, and a public web site on the Internet — ClubNet — with a private, members-only section. Through extensive research and continuous monitoring of industry trends, CMAA's Research and Publications Department develops and provides the best and most comprehensive club management resources in the industry. For more information visit .

Based in Austin, Texas, HFTP is the professional association for financial and technology personnel working in hotels, resorts, clubs, casinos, restaurants and other hospitality-related businesses. The association provides continuing education and networking opportunities to more than 4,300 members around the world, and produces the premiere hospitality technology shows HITEC and ONHTEC.. HFTP also administers the examination and awards the certification for the Certified Hospitality Accountant Executive (CHAE) and the Certified Hospitality Technology Professional (CHTP) designations. HFTP was founded in 1952 as the National Association of Hotel Accountants.For more information visit www.hftp.org.

HFTP®, HITEC® and ONHTEC® are registered service marks of Hospitality Financial and Technology Professionals.