The adoption of USAR: Case study of a microenterprise in the restaurant industry

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

http://hdl.handle.net/10400.8/8396

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Authors

Campos, Filipa

Santos, Luís Lima

Gomes, Conceição

Abstract(s)

The restaurant industry has evolved positively, recording historical highs in the economy of several countries until 2020, such as Macao (China), Jordan, Spain and Croatia (World Tourism Organisation, 2021). However, academic studies in this sector have not followed this evolution, leaving gaps in the theoretical information available to academics and managers. In addition, given the high fixed costs characteristic of the restaurant industry, the intensive labour (Moser, 2002) and the poor knowledge of managers (Sardo, Serrasqueiro and Alves, 2018, Campos et al., 2022) about administration can influence the success of businesses. Thus, it is urgent to create strategies to help managers make supported decisions; therefore, this study’s objective is to implement the Uniform System of Accounts for Restaurants (USAR) in a restaurant microenterprise in Portugal through a qualitative methodology – Case Study. The most appropriate method is the case study’s unique exploratory type. The authors used several sources of evidence to obtain the results, which underline the importance of the adapted implementation of the USAR to the restaurant reality. Several detailed supporting schedules present in this accounting system were adopted and others were adapted according to the needs of the object of study. This research contributes to the development of information regarding management accounting and the restaurant industry, which until today is poorly developed (Lima Santos et al., 2016, Sardo, Serrasqueiro and Alves, 2018), for instance, the low use of financial indicators and metrics (Heo, 2017); moreover, it is suggested to apply the USAR not only in enterprises with similar dimensions but also in enterprises with different dimensions and characteristics, to generalise the results obtained here.

Keywords

Management accounting Restaurant management Uniform system of accounts for restaurants USAR

URI

http://hdl.handle.net/10400.8/8396

Citation

Campos, F., Santos, L.L., & Gomes, C. (2022, September 22-24). The adoption of USAR: Case study of a microenterprise in the restaurant industry [paper presentation]. In Conference proceedings of The 10th International Scientific Conference "Finance, Economics and Tourism" (FET 2022), Pula, Istria, Croatia, EU