Management Accounting Practices in Indian and Canadian Hotel Industry: A Comparative Study

Abstract

This paper traces the major developments in the field of management accounting briefly and then highlights the need for more cross-national management accounting studies. The results from two parallel surveys of matched Indian and Canadian hotel organizations are presented. The main aim of the surveys was to examine a wide range of management accounting practices in a cross-national comparative context in Indian and Canadian hotel organizations. The investigation is based on a questionnaire survey of 335 large scale hotel organizations (India=250 and Canada=85). The statistical results show a number of similarities and differences in the management accounting practices of Indian and Canadian hotel organizations. Against the established notion, the results of this study reveal that the gap between Indian and Canadian management accounting practices is not very significant. Moreover, in a few management accounting practices Canadian hotels have adopted a more rational approach than their Indian hotels counterparts.

Keywords: Management Accounting, India, Canada, Hotel, Practices

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