Restaurant management through USAR and USALI: Exploratory approach to similarities and differences

Campos, Filipa; Santos, Luís Lima; Gomes, Conceição

http://hdl.handle.net/10400.8/8397

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Authors

Campos, Filipa

Santos, Luís Lima

Gomes, Conceição

Abstract(s)

The tourism sector is key to global economic development. The hotel and restaurant business segments are very relevant for the generation of wealth and employment, so the managers of these companies must have quality information to support their decisions. In this regard, the research subject of this paper is two uniform systems of accounting applicable to the tourism sector and generally accepted in the hotel and restaurant industry. The general objective of this research is to study the USALI (Uniform System of Accounts for the Lodging Industry) and the USAR (Uniform System of Accounts for Restaurants) to provide a simple-to-use analytical basis for managers to gain a competitive advantage. This main objective is underpinned by three specific objectives focused on the study of the practical aspects of these two accounting systems: the analysis of the income statements, the analysis of the detailed auxiliary/supporting schedules and the establishment of structural relationships that will contribute to supporting restaurant managers, whether as a department of a hotel or as an independent business. The methodology used follows an exploratory approach, through the study and analysis of relevant bibliography, which consists of books and articles by various authors and the official documents of the two uniform accounting systems. The results allow us to highlight the main differences between the two systems, which are composed of several detailed auxiliary/supporting schedules. The study evidenced that USAR and USALI provide information with distinct management goals, whereby USAR presents a higher degree of detail and suggests more in-depth operational and financial analyses. The conclusions highlight the importance of USAR and USALI, with USAR contributing to better analysis and performance in the food and beverage department. The main practical contribution of this study results in the perception, for managers, of these two systems as a coherent whole, since the study allows the analysis of both separately and/or through their similarities.

Keywords

Management accounting Uniform systems of accounts USALI USAR Hospitality industry Restaurant industry

URI

http://hdl.handle.net/10400.8/8397

Citation

Campos, F., Santos, L.L., & Gomes, C. (2022, September 22-24). Restaurant management through USAR and USALI: Exploratory approach to similarities and differences [paper presentation]. In Conference proceedings of The 10th International Scientific Conference "Finance, Economics and Tourism" (FET 2022), Pula, Istria, Croatia, EU