Journal of Hospitality Financial Management: Volume 19, Issue 2
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2011 – A Year in Review for Hotel Firms
(2011-01-01) Sheel, Atul
Hospitality Industry Professionals’ Perceptions of the Importance of Content Areas in the Finance and Accounting Curriculum
(2011-01-01) Hein, Stephanie G; Riegel, Carl D.
This study investigated the importance that professionals working in the hospitality industry attach to key areas taught in hospitality financial management and accounting as they relate to the success of hospitality graduates. It also sought to determine if significant differences existed between various demographic subgroups based on industry segment, position, time in the industry and educational attainment. A snowball sampling technique was employed and yielded 103 useable surveys. Analysis of the data indicated that practitioners did attach substantial importance to both financial management and accounting skills as being important to industry success. However, they viewed financial management skills as more critical. There was a clear demarcation between those accounting areas more closely associated with operations than those linked to financial accounting. Analysis of the demographic subgroups identified differences in perception but only a few of these rose to the level of significance.
Clubs' Adoption of Sarbanes-Oxley Measures
(2011-01-01) schmidgall, Raymond S.; Damitio, James w.
This paper attempted to determine the extent to which clubs have adopted some of the various measures of the Sarbanes-Oxley Act. In order to make this determination, a study was conducted that involved 179 club executives. The club executives reported the extent that their clubs were in compliance with various aspects of SOX. In addition, the demographic data collected were analyzed in relation to the responses to the SOX provisions. This analysis determined whether the size of clubs in revenues and based on number of members and profitability impacted the adoption of various measures of SOX.
The Impact of Strategic Management Accounting and Cost Structure on ABC Systems in Hotels
(2011-01-01) Pavlatos, Odysseas
The purpose of this paper is to examine the extent to which potential factors affect the adoption of ABC systems. An empirical survey was conducted on a sample of 85 leading hotels enterprises in Greece. Results show that the adoption of ABC systems is positively associated with the extent of use of strategic management accounting techniques and with cost structure. No association was found between the adoption of ABC systems and the importance of cost data, level of price competition and size.
A Longitudinal Study of Equipment Leasing in the U.S. Lodging Industry
(2011-03-01) Jiang, Lan; Schmidgall, Raymond
This paper examines the current equipment leasing practices in the U.S. lodging industry and compares tjhese practices to leasing practices in the U.S. lodging industry in 2000. It compares the differences of what features of leases make them attractive for today's hotel companies compared to those a decade ago. A previous study of leasing in the lodging industry was conducted by Schmidgall and Upneja ten years ago. Their research revealed the major reasons for leasing included (1) protection from obsolescene, (2) securing tax advantages, and (3) ensuring uniform cash outflows. Ten years have passed and a similar questionnaires was sent to 500 members of HFTP associated with the lodging industry. This time researchers found that the major reasons for leasing are (1) keep upgrading equipment, (2) protection against obsolescene, and (3) lower down payments.