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Management Accounting Practices Adopted by Small Hoteliers in Sri Lanka
| International Journal of Computer Applications |
| Foundation of Computer Science (FCS), NY, USA |
| Volume 184 - Number 33 |
| Year of Publication: 2022 |
| Authors: Iranjali Samarakoon, Mano Weligodapola, Lasanthi Kapukotuwa |
10.5120/ijca2022922415
|
Iranjali Samarakoon, Mano Weligodapola, Lasanthi Kapukotuwa . Management Accounting Practices Adopted by Small Hoteliers in Sri Lanka. International Journal of Computer Applications. 184, 33 ( Oct 2022), 16-27. DOI=10.5120/ijca2022922415
Abstract
The third-largest source of foreign exchange earnings in Sri Lanka is the tourism sector. [1] The tourist business in Sri Lanka is dominated by the small to medium sized hotel sector, which accounts for 75% of SM Enterprises. [2] In order to gain insights into the various management accounting practices used by small hoteliers, the researcher chose a sample of 10 small hotels with fewer than 100 employees from across Sri Lanka. A secondary goal of this research is to gauge the level of awareness of these practices among small hoteliers. In this study, 4 key criteria are used to measure awareness of management methods. Those are management accounting practices used to Create a Business Strategy, Planning and Control Techniques, and Decision Making strategies, Efficient Resource Usage, methods for performance evaluation.
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