Applying accounting management for hotels: Empirical evidence in Da Nang city, Vietnam

Abstract

The purpose of this study is to determine the influence of factors on the application of management accounting for hotel business enterprises in the city of Da Nang in Vietnam. The results show that the following factors are arranged in a descending manner in terms of the degree to which management accounting is used: (1) Legal provisions; (2) Organizational structure of the enterprise; (3) Accounting staff qualifications; (4) Competitive pressure; (5) Firm size and (6) Facilities. The results of this study may help city managers, as well as hotel managers to make appropriate policies in the application of management accounting in businesses as this is a critically important aspect that will boost sustainability and efficiency.