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2021 | OriginalPaper | Chapter

The Stages of Management Accounting Evolution in Taiwan’s Hotel Industry: Evidence from Taipei City

Authors : Hsuan-Lien Chu, She-Chih Chiu

Published in: Management Accounting in China and Southeast Asia

Publisher: Springer International Publishing

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Abstract

This study investigates how management accounting in the hotel industry has evolved in Taiwan. We use hotels in Taipei City as the sample because, as capital of Taiwan, Taipei City is where most medium- and large-sized hotels are located. The focus on Taipei City provides a valuable opportunity to reduce any potential size effect. Based on the evolution model proposed by the International Federation of Accountants (IFAC), the study shows that the majority of sampled hotels are moving from cost determination and financial control tools toward provision of information for management planning and control practices. However, 23.3% of the sample hotels have moved toward a more sophisticated role, creating value through an effective resource usage.

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previous chapter Management Accounting Practices in Export-Oriented Manufacturing Small and Medium Enterprises in Malaysia
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Metadata
Title
The Stages of Management Accounting Evolution in Taiwan’s Hotel Industry: Evidence from Taipei City
Authors
Hsuan-Lien Chu
She-Chih Chiu
Copyright Year
2021
Book
Management Accounting in China and Southeast Asia

Print ISBN: 978-3-030-66244-8

Electronic ISBN: 978-3-030-66245-5

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-66245-5_5