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Accounting in Hospitality Industry

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Added on  2020-10-22

Accounting in Hospitality Industry

   Added on 2020-10-22

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Name : ____________________________________________________________________________________________Proposed Research Title:Significance of accounting in hospitalitysector______________________________________________________________________________________________________________________________________________________________________________________________________________________Proposed research title:To ascertain the significance of accounting in assessing financial performance of thecompany in the context of hospitality sector: A study on Hiltonin hospitality sector.Client Organization (if applicable)Hilton HotelsResearch Background Descriptive research will be used to carry out characteristics of population in thebest possible manner. Moreover, it will be helpful in gaining useful insight aboutresearch topicResearch will be conducted in order to attain useful insight regarding accountingused in company and helpful in analyzing financial performance. The investigation willbe made in order to carry out credibility and effectiveness of accounting in the business.The research design and methodologies will be used by which adequate results may beachieved and constructive conclusion may be attained. The research will be conductedin order to assess significance of accounting practices in Hilton Hotels engaged inhospitality sector. Organization is garnering profits and has a wide customer base whichhas been fruitful for attaining good quantum of profits. Real problem is that lack ofproper theoretical overview and difficulty in formulating and testing hypothesis whichwill be resolved by present research so as to provide useful insight to company by whichit may effectively maintain accounting records. The structure of research proposal isdivided into various sections such as research problems and objectives, literature review1 | Page
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and research design and methodologies that would be used in conducting research quiteappropriately.Research Problem / Research QuestionThe research problem needs to be analyzed so as to carry out solution for thesame which may be a constraint to overall research and as such, it is required tocarefully evaluate to overcome the same. Hilton Hotels which is a giant engaged inhospitality sector performs better to carry out activities and has good financialperformance. Accounting is an integral part of company by which it may be able toconcentrate on activities and records can be maintained in a better way. Problems facedin accounting are no relevant theory has been identified now and then and as such, nohypothesis is formed for carrying out or formulation of new theory in accountingresearch. Failure of improvement of accounting activities has been the main problemand no evidence is created for constructive research.Research questionsOn the basis of research aim and objectives following objectives have been drafted.Hence, investigation will be focused on addressing the following questions:Q.1 What is the significance of accounting in hospitality sector?Q.2 Does accounting help Hilton in financial performance assessment and improvement? Research Aim and ObjectivesAim:“To ascertain the significance of accounting in assessing financial performance ofcompany in the context of hospitality sector: A study on Hilton Hotels”Objectives:To assess importance of accounting in hospitality industryTo evaluate significance of accounting in enhancing financial performanceTo assess usefulness in keeping records of business activitiesKeywords for Literature ReviewBudget can be planned in accordance to the accounting information maintainedand financial statements are prepared quite effectually.Historical costs are taken into account without giving future consideration to theoperations of organisation.2 | Page
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