International Journal of Hospitality and Tourism Systems

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Management Accounting Practices in Indian and Canadian Hotel Industry: A Comparative Study


Affiliations
1 Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, India
2 PhD Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, India
     

   Subscribe/Renew Journal


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, Practices
Subscription Login to verify subscription
User
Notifications
Font Size


  • Ahmed, A., Azri, S., AbdulrahmanBinti, M., & Ghani, A. (2019). Management accounting practices in many countries around the world a review of the literature. IOSR Journal of Business and Management (IOSR-JBM), 21(2), 05-09.

  • Bhimani, A. (2006). Comparative management accounting research: Past forays and emerging frontiers. Handbooks of Management Accounting Research, 1, 343-363.

  • Anderson, S. W., & Lanen, W. (1999). Economic transition, strategy and the evolution of management accounting practices: The case of India. Accounting, Organizations and Society, 24(5/6), 379-412.

  • Angelakis, G., Theriou, N., & Floropoulos, I. (2010). Adoption and benefits of management accounting practices: Evidence from Greece and Finland. Advances in Accounting, 26, 87-96. doi:10.1016/j.adiac.2010.02.003

  • Armitage, H., Webb, A., & Glynn, J. (2016). The use of management accounting techniques by small and medium-sized enterprises: A field study of Canadian and Australian practice. Accounting Perspectives, 15, 31-69. doi:10.1111/1911-3838.12089

  • Atkinson, H., & Jones, T. (2008). Financial management in the hospitality industry: Themes and issues. In B. & Brotherton, The Sage Handbook of Hospitality Management (Chapter 10). London: Sage.

  • Bartolomeo, M., Bennett, M., Bouma, J., Heydkamp, P., James, P., & Wolters, T. (2000). Environmental management accounting in Europe: Current practice and future potential. European Accounting Review, 9, 31-52. doi:10.1080/096381800407932

  • Bjornenak, T., & Mitchell, F. (2010). The development of activity based costing journal literature (1987-2000). European Accounting Review, 11(3), 481-508.

  • Brandau, M.,Endenich, C., Trapp, R.,&Hoffjan, A. (2013). Institutional drivers of conformity - Evidence for management accounting from Brazil and Germany. International Business Review, 22(2), 466-479.

  • Burns, J., & Vaivio, J. (2001). Management accounting change. Management Accounting Research, 12(4), 389-402.

  • Burns, J., Ezzamel, M., & Scapens, R. (1999). Management accounting change in the UK. Management Accounting, 77(3), 28-30.

  • Carr, C., & Tomkins, C. (1996). Strategic investment decisions: The importance of SCM - A comparative analysis of 51 case studies in UK, US and German Companies. Management Accounting Research, 7(2), 199-217.

  • Chand, M., & Sharma, K. (2020). Understanding the importance of management accounting practices in Indian hotel industry. International Journal of Hospitality and Tourism Systems, 13(2), 29-36.

  • Chand, M., & Ambardar, A. (2013). Management accounting practices in hospitality and service enterprises: A comparative research. Journal of Commerce & Accounting Research, 2(3), 10-18.

  • Chand, M., & Dahiya, A. (2010). Application of management accounting techniques in Indian small and medium hospitality enterprises: An empirical study. Int. J. Entrepreneurship and Small Business, 11(1), 25-41.

  • Chenhall, R., & Euske, K. (2007). The role of management control systems in planned organizational change: An analysis of two organizations. Accounting, Organizations and Society, 32(7), 601-637.

  • Drury, C., Braund, S., Osborne, P., & Tayles, M. (1993). A survey of management accounting practices in UK manufacturing companies. Chartered Association of Certified Accountants, p. 267.

  • Endenich, C., Brandau, M., & Hoffjan, A. (2011). Two decades of research on comparative management accounting - Achievements and future directions. Australian Accounting Review, 21, 365-382. doi:10.1111/j.1835-2561.2011.00149.x Zarzycka,

  • E., Dobroszek, J., Almasan, A., & Circa, C. (2017). Comparative studies of the use of management accounting information. Emerging Markets Journal, 7(2), 1-7.

  • Fleischman, R. K., & Tyson, T. N. (1998). The evolution of standard costing in the U.K. and US: From decision making to control. ABACUS, 34(1), 92-119.

  • Ghosh, B. C., & Kai-Chan, Y. (1997). Is management accounting in Singapore well-in place? Managerial Auditing Journal, 12(1), 16-28.

  • Guilding, C., Cravens, K., & Mike, T. (2000). An international comparison of strategic management accounting practices. Management Accounting Research, 11, 113-135. doi:10.1006/mare.1999.0120

  • Guilding, C., Lamminmaki, D., & Drury, C. (1998). Budgeting and standard costing practices in New Zealand and the United Kingdom. The International Journal of Accounting, 33(5), 569-588.

  • Harrison, G. L. (1992). The cross-cultural generalizability of the relation between participation, budget emphasis and job related attitudes. Accounting, Organizations and Society, 17, 1-15.

  • Harrison, G. L. (1993). Reliance on accounting performance measures in superior evaluative style - The influence of national culture and personality. Accounting, Organizations and Society, 18, 319-339.

  • Hoffjan, A., Nevries, P., & Stienemann, R. (2006). Comparative management accounting - Literature review on similarities and differences between management accounting in Germanic and Anglophone countries. Working Paper, WHU – Otto Beisheim School of Management.

  • Indian Tourism and Hospitality Industry Report. (June, 2020). India Brand Equity Foundation. Retrieved from www.ibef.org Joshi, P. L. (2001). The international diffusion of new management accounting practices: The case of India. Journal of International Accounting, Auditing and Taxation, 10(1), 85-109.

  • Sulaiman, M., Ahmad, N. N. N., & Alwi, N. (2004). Management accounting practices in selected Asian countries. Managerial Auditing Journal, 19(4), 493-508.

  • McLellan, J. D., & Moustafa, E. (2008). An exploratory analysis of the importance of management accounting tools in the GCC countries. Journal of Economic and Administrative Sciences, 24(2), 54-77. doi:https://doi.org/10.1108/10264116200800008 Ministry of Tourism, Govt of India. (2019). Tourism statistics report.

  • Moreno, B., & Valladares Montemayor, H. (2008). A comparison of management accounting practices: Europe vs. Mexico. McMillan Book Chapter.

  • Murthy, V., & Rooney, J. (2018). The role of management accounting in ancient India: Evidence from the Arthasastra. Journal of Business Ethics, 152. doi:10.1007/s10551-016-3271-y

  • Macintosh, N. B. (1998). Management accounting in Europe: A view from Canada. Management Accounting Research, 9(4), 495-500. doi:https://doi.org/10.1006/mare.1998.0087

  • Nørreklit, L., & Schoenfeld, H. M. (2000). Controlling multinational companies - An Attempt to analyze some unresolved issues. The International Journal of Accounting, 3.

  • Ramesh L., & Madegowda, J. (2019). A comparative study of environmental accounting practices between multinational companies and Indian companies. International Journal of Social Science and Economic Research, 4(5).

  • Chenhall, R. H., & Langfield-Smith, K. (1998) Adoption and benefits of management accounting practices: An Australian study. Journal of Management Accounting Research, 9(1), 1-19.

  • Shields, M. D., Chow, C. W., Kato, Y., & Nakagawa, Y. (1991). Management accounting practices in the US and Japan: Comparative survey findings and research implications. Journal of International Financial Management and Accounting, 3(1), 61-77.

  • Tourism Industry Association of Canada. (2020). Retrieved from https://tiac-aitc.ca/our-focus.html

  • Wijewardena, H., & Zoysa, D. (1999). A comparative analysis of management accounting practices in Australia and Japan: An empirical investigation. The International Journal of Accounting, 34(1), 1999, 49-70.

  • Yeshmin, F., & Fowzia, R. (2010). Management accounting practices: A comparative analysis of manufacturing and service industries. ASA University Review, 4(1), 131-141.

  • Yoshinkwa, T. (1994). Inter-organizational cost management system. Journal of Production Economics, 37(1), 51-62.

  • Zarzycka, E., Dobroszek, J., Almasan, A., & Circa, C. (2018). Comparative studies of the use of management accounting information. EMAJ: Emerging Markets Journal, 7, 1-7. doi:10.5195/EMAJ.2017.143


Abstract Views: 163

PDF Views: 0




  • Management Accounting Practices in Indian and Canadian Hotel Industry: A Comparative Study

Abstract Views: 163  |  PDF Views: 0

Authors

Mohinder Chand
Professor, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, India
Kritika Sharma
PhD Scholar, Department of Tourism and Hotel Management, Kurukshetra University, Kurukshetra, Haryana, India

Abstract


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, Practices

References