dc.description.abstract |
Management Accounting Practices (MAPs) are used by
organizations in order to make proper decisions and to compete in
the current competitive environment. Since the problem of lack of
information for decision making in Hotel sector businesses, the
study approached to explore the impact of management
accounting practices on performance of Hotel businesses in Sri
Lanka. Descriptive survey design was used to achieve the objective
of this study. The target population was classified and unclassified
389 hotels in Sri Lanka and 105 hotels were selected as sample
using stratified sampling method. Five categories of management
accounting practices were identified as costing management
practices, strategic analysis, information for decision making,
performance evaluation system and budgeting management
practices. Primary data were collected from the respondents via a
questionnaire. Collected data was analyzed using a correlation and
regression analysis. The findings revealed that the Information for
decision making category is the most highly used MAP among
hotels in Sri Lanka. Budgeting management practices, Performance
evaluation system, Costing management practices and Strategic
analysis were also used as second highest to lowest respectively.
The study further found that there are high significant positive
correlations between selected variables and performance of hotels.
While regression analysis revealed that all the selected MAPs have
a significant positive impact on Performance of Hotel businesses in
Sri Lanka. |
en_US |