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The Relevance Of Management Accounting For The Hospitality Industry


  • Briciu Sorin

    () (Universitatea 1 Decembrie 1918 Alba Iulia, Facultatea de Stiinte)

  • Scorte Carmen

    () (Universitatea Oradea, Universitatea 1 Decembrie 1918 Alba Iulia, Scoala Doctorala)


In the contemporary period the tourism and hospitality industry has experienced dynamic growth despite the challenges facing not only the global crisis, but also market changes, consumer behavior and technological trends. Accounting, the language of business is required to keep up with changes made to each particular area of activity so that they can provide timely relevant information to be managed by an efficient information system. Our article focuses on presenting the importance of management accounting and cost information system in the hospitality industry, then consider identifying features of this sector and their impact on accounting. The methodology of our research falls within the economic research, being theoretical, aiming primarily to knowledge objectives and the relevance of management accounting for economic entities, and then we have the characteristics of hospitality industry and possible organizational management accounting in this sector. In our perspective cost calculation for services, packages or travel benefits must take into account the development of the accounts from Class 9, so we propose a possible method to customize them according to the Direct Costing and CVP analysis. Our research will also be explanatory descriptive, trying to answer the questions How? and Why?

Suggested Citation

  • Briciu Sorin & Scorte Carmen, 2012. "The Relevance Of Management Accounting For The Hospitality Industry," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 886-893, July.
  • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:886-893

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    References listed on IDEAS

    1. Haka, Susan F. & Heitger, Dan L., 2004. "International managerial accounting research: A contracting framework and opportunities," The International Journal of Accounting, Elsevier, vol. 39(1), pages 21-69.
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    More about this item


    Hospitality industry; management accounting; cost information system;

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics


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