Management Accounting Practices on Corporate Performance of Hospitality Industry in Bangladesh

Tourism Management

Purpose: The hospitality industry has been making a remarkable contribution to the growth of several countries' economies. From a business perspective Management Accounting Practices (MAPs) are used by hotel business in order to make proper decisions and to compete in the current competitive environment. Since, the study approached to explore the influence of management accounting practices on corporate performance of Hotel businesses in Bangladesh. Design/methodology/approach: The data met from the 100 respondents (Accounting unit) who handle management accounting practices by a questionnaire. The questionnaire comprises three sections. A for general information, B for questions on the application of management accounting practices asked to organized with a five-point Likert scale, and Final for the respondents were asked to rate their responses on the five-point scales for CP. Findings: According to the findings, the costing system (CS), budgeting system (BS), performance evaluation (PE), information for decision making (IDM), and strategic analysis (SA) of selected hotel enterprises in Bangladesh have a favorable relationship with corporate performance (CP). Practical implications: This study addresses a knowledge vacuum in the area, increases awareness of the use and benefits of MAPs and CPs, and presents fresh information that may be applied to future research on the subject in the context of the Bangladeshi hotel business. Originality/value: The results contribute to a better understanding of the help for policymakers while formulating policies related to the MAPs and CPs hotel business in Bangladesh. Keywords- Management Accounting Practices (MAPs), Corporate Performance (CP), Hospitality Industries

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