AUSTIN, TEXAS; June 10, 2002 — Wherever they may be located, club accounting professionals will have an opportunity to listen in on and give input at the final meeting for the to-be-published sixth edition of the Uniform System of Financial Reporting for Clubs. Interested parties will be able to attend the meeting in person or listen to a live audio stream of the meeting through the Internet at HFTP's web site. The meeting will cover the updates and improvements to the latest edition and during the meeting, attendees will respond to comments and questions sent in by listeners via e-mail before and during the meeting. These can be sent to Questions@hftp.org. The meeting will precede HITEC® 2002 at McCormick Place in Chicago on Monday, June 24 from 3–5 p.m.
The Uniform System of Financial Reporting for Clubs is a club accounting resource for club managers, officers and club controllers that provides a total financial reporting system. The revision for the sixth edition, to be published in October 2002, is a joint collaboration between Hospitality Financial and Technology Professionals (HFTP®) and the Club Managers Association of America (CMAA®). The revision committee is comprised of members from both associations, including Ian D.N. Fetigan, CCM who is the sub-committee chair representing CMAA; Wendy Zurstadt, CPA, CHAE, CHTP, who is the sub-committee chair representing HFTP; Len Bartello, CHAE, CHTP, CPA, who is the sub-committee chair representing CPA and consulting firms; and Ray Schmidgall, Ph.D., CPA, CHAE, as the project coordinator. The first edition was published in 1954 and it was last revised in 1996.
This is the first time in the hospitality industry that club professionals will be given the opportunity to comment on a book of this kind before it gets published.
“This is a chance for club accounting financial professionals to really have an impact on something that will affect their day-to-day procedures,” said Zurstadt. “By default the controllers and managers who already use this book are the experts because they know what information is essential to their operations. We want their opinions before this goes to print.
“By holding this presentation at HITEC, we are also giving the club technology vendors direction for further enhancements and developments to their products,” continued Zurstadt. “They will need to understand the changes and to implement these into their software.”
The audio streams of the meeting can be played using Real Network's Real Player which is available for free download at the Real Player web site. For more information about listening to the meeting, please contact Eliza Selig at Eliza.Selig@hftp.org, (512) 249-5333 or (800) 646-4387, extension 23.
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 ¾ ClubNet ¾ 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.
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. 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.
HFTP® and HITEC® are registered service marks of Hospitality Financial and Technology Professionals
Logos, product and company names mentioned are the property of their respective owners.
