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Sharma, Kritika
- Understanding the Importance of Management Accounting Practices in Indian Hotel Industry
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1 Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
2 Research Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
1 Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
2 Research Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
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International Journal of Hospitality and Tourism Systems, Vol 13, No 2 (2020), Pagination: 29-36Abstract
Since the 1990s, there has been a rapid shift towards the application of management accounting techniques for business processes. Today, accounting is recognized as a significant driver of management for business success in a competitive environment, especially in hospitality industry. Thus, hotels can take advantage of the pervasiveness of management accounting systems to advance some of their operations and assist management to achieve performance. This paper seeks to assess the importance of management accounting practices (MAP) in Indian hotels and to analyse the factors that influence a hotel’s ability to adopt MAP. Data were collected from the financial managers of hotel enterprises in India. A survey methodology was chosen because it was deemed to be the most efficient way of reaching a large number of respondents, whereas the data required facilitated the use of a mail-administered questionnaire with close-ended questions. A set of 28 management accounting practices items was initially generated from a review of accounting research. The study shows that there is a large variation in the importance of MAP among the hotels in the industry. The study concludes by arguing for the greater impetus to promote MAP adoption among hotels due to its impact on reducing the level of leakage. The paper further makes recommendations to hotel operators and policymakers on the use of MAP in hotels.Keywords
Accounting, Management, Hotel, India.
- Management Accounting Practices in Indian and Canadian Hotel Industry: A Comparative Study
Abstract Views :99 |
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Authors
Affiliations
1 Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
2 PhD Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
1 Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
2 PhD Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, IN
Source
International Journal of Hospitality and Tourism Systems, Vol 14, No 2 (2021), Pagination: 57-65Abstract
This paper traces the major developments in the field of management accounting briefly and then highlights the need for more cross-national management accounting studies. The results from two parallel surveys of matched Indian and Canadian hotel organizations are presented. The main aim of the surveys was to examine a wide range of management accounting practices in a cross-national comparative context in Indian and Canadian hotel organizations. The investigation is based on a questionnaire survey of 335 large scale hotel organizations (India=250 and Canada=85). The statistical results show a number of similarities and differences in the management accounting practices of Indian and Canadian hotel organizations. Against the established notion, the results of this study reveal that the gap between Indian and Canadian management accounting practices is not very significant. Moreover, in a few management accounting practices Canadian hotels have adopted a more rational approach than their Indian hotels counterparts.Keywords
Management Accounting, India, Canada, Hotel, PracticesReferences
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