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Management accounting practices in the Portuguese lodging industry
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Abstract(s)
This paper aims to characterize management accounting techniques at the Portuguese lodging industry, identifying
the techniques adopted and the determinants of adopting them and their adequacy for the decision-making process.
It is also a purpose to understand the extent to which the industry adopts the Uniform System of Accounts for the
Lodging Industry (USALI). The sample includes 35 hotels, which were analyzed in the years 2009 and 2010.
Evidence is found supporting the fact management accounting is a tool incorporated in the daily management
practices of hotels and useful to support the decision-making process. The proportion used of traditional
management accounting techniques is higher than the proportion of use of contemporary ones. The adoption of
these techniques is influenced by the fact of the hotels being subsidiaries of a multinational hotel chain, as well as
by their annual turnover. In Portugal, there is a weak use of USALI. It is more used in the large hotels and in hotels
with a foreign control. Management accounting supports hotels to improve their performance, thus becoming
relevant to analyze management accounting practices used by them, particularly which instruments and techniques.
In this context, this study, the first of its kind in Portugal, is justified with the increasing need for accurate and
actual information of the accounting practices of the hotels operating in Portugal.
Description
Keywords
Management accounting Lodging industry Uniform system of accounts for the lodging industry) Europe Portugal
Citation
Santos LL, Gomes C, Arroteia N. «Management accounting practices in the Portuguese lodging industry». Journal of Modern Accounting and Auditing, Vol. 8, n.º 1, pp 1-14. David Publishing, ISSN 1548-6583.
Publisher
David Publishing