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AUSTIN,
TEXAS, USA (February 22, 2012) – To create a global resource for
the hospitality
finance industry, Hospitality Financial and Technology Professionals
(HFTP®)
has begun development on a global hospitality accounting system users
guide. “Currently, there is not a global resource like this," said Frank Wolfe, CAE, HFTP’s CEO. "We are the only global association dedicated to hospitality finance and technology and our Global Board is investing heavily to create a benchmark that stakeholders can use to compile accounts, compare regional differences and define the value of a hospitality operation. Our plan is to document how the industry is actually performing the process, as opposed to mandating a process.” The global guide will provide the industry with a comprehensive glossary of inventory terminology, charts of accounts and will benchmark common allocation for specific regions of the world. The project is planned as a three step process:
About HFTP  HFTP,
Austin, Texas, USA and Maastricht, The Netherlands, founded 1952, is
the global
professional association for financial and technology personnel working
in
hotels, clubs and hospitality-related businesses. HFTP provides
educational
opportunities, research, and publications to members around the globe
including, the premiere hospitality technology conference HITEC —
founded in
1972. HFTP also awards the only hospitality specific certifications for
accounting and technology — the Certified Hospitality Accountant
Executive
(CHAE) and the Certified Hospitality Technology Professional (CHTP)
designations. HFTP was founded in the USA as the National Association
of Hotel
Accountants. |