The Impact of Financial Accounting for the Hospitality Industry on the Financial Statements : Afield Study on Sample of Hotels in the of KSA

Authors

  • Sana Ali Awad College of Administrative Sciences, Najran University, KSA

DOI:

https://doi.org/10.14738/abr.112.13984

Keywords:

Financial accounting practices, hospitality industry

Abstract

This study aimed at the importance of financial accounting for hospitality industry how they apply to the hospitality industry, and  the responsibilities of a hospitality property's accounting department, advantages and drawbacks of various types of income statements, and the role of inventory in calculating profit. to research and greater cooperation among hospitality and other researchers the contribution to hospitality accounting and the broader accounting field could be significantly improved with amore in depth approach and greater , collaboration among hospitality and other researchers the contribution  to  hospitality accounting  and the broader accounting field could be significantly improved .  A significant hospitality accounting development over many years has been industry , notably hotels , restaurants and clubs  in the United States where their first appearance , for hotels , was in 1926. In 1969 the UK produced the first  of tow uniform systems for the hotel and catering sectors through. The study was conducted at the sample of hotels  and it adopted the descriptive and historical approaches to collect literature review . It concludes that , Despite the increase in tourism revenues , management in the hospitality industry faces constant challenges for profit .

References

Abu Farah, O. (2019). Adapting a financial accounting system to the requirements of accounting disclosure of human capital. Strategy and Development Review.

Awad, S. A. (2023). The Impact of Financial Accounting for the Hospitality Industry on the Financial Statements: Afield Study on Sample of Hotels in the of KSA (2021- 2010). Archives of Business Research, 11(2). 103-111.

Ahmed Elbadawy Bajomy &Marwa Tarek,. (2017). aims to examine the influence of service quality dimensions on behavioral intentions and using customer,

Sharaf Al-Din, M. K. (2008). Internal audit and its role in achieving total quality management in public economic departments with an application to the National Electricity Authority (unpublished doctorate’s thesis). Sudan University of Science and Technology, Khartoum

Hmaidan, M. (2010). The extent of compliance of Jordanian industrial estates corporation to international financial reporting standards (Unpublished MA. thesis). Middle East University, Amman, Jordan. Foris , Diana , Alina Tecau , Madalina Hartescu and Tiberiu Foris 2019 . Relevance of the features regarding the performance of booking websites. Tourism Economics 26: – 41.

Paiva , Inna , and Lsabel Lourenco . 2016 . Determinants of earning management in the hotel industry : An international perspective . Corporate Ownership and Control 14: -57.

Lima Santos, Luis , Conceicao Gomes , Ana Rita Faria Rogerio Lunkes , Catia Malheiros , Fabricia Silva da Rosa , and Catarina Nunes . 2016 . Contabilidade de Gestao Hoteleira , lst ed . Cacem : ATF Edicoes Tecnicas . [Google Scholar] HANYC . 2014 . Uniform System of Accounts for the Lodging Industry , 11thed . New York : Hotel Association of New York City , Inc [Google Scholar].

AbdAlrazek, M. K. ( 2004). Analysis and design of accounting information systems.Dar Al-Thaqafa for Publishing and Distribution.

Ahmed H. A.(2004). Accounting information systems, intellectual framework and applied systems. Al-Daar Al Gamiaa, Alexandria.

Lima Santos, Luis, Conceicao Gomes, and Nuno Arroteia . 2010. As tecnicas de contatabilidae de gestao nas unidades hotels portuguesas. Paper presented at IV International Tourism Congress, Peniche , protugal November 24 -25.

Campos, Filipa, Conceirao Gomes, and Lima Santos. 2020. Comparative Analysis of USALL, USAR and USFRS . Tourism and Hospitality International Journal 14: -113.

Ahmed Elbadawy Bajomy & Marwa Tarek. Customer Satisfaction as Mediator between Service Quality Dimensions and Behavioral Intentions in the Egyption Hotel Industry. (2017). (https://sjrbs. journals. ekb.eg /article_ 133873. html) www.scania.com, www.nordstrom.com https://www.marriott.com/en-us/hotels/jedmdle-meridien-jeddah/overview/

Downloads

Published

2023-02-21

How to Cite

Awad, S. A. (2023). The Impact of Financial Accounting for the Hospitality Industry on the Financial Statements : Afield Study on Sample of Hotels in the of KSA. Archives of Business Research, 11(2), 103–111. https://doi.org/10.14738/abr.112.13984