Research Methodology Assignment

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DISSERTATION

Table of Contents
INTRODUCTION...........................................................................................................................1
Research Aim.........................................................................................................................2
Research Objective.................................................................................................................2
Research Questions................................................................................................................2
Rationale of the study.............................................................................................................2
Significance of the study........................................................................................................3
Research Structure..................................................................................................................3
LITERATURE REVIEW................................................................................................................4
Introduction............................................................................................................................4
Meaning and concept of accounting.......................................................................................4
Purpose of accounting within organisation............................................................................5
Requirement of accountancy in the decision making process................................................6
Barriers and factors which influence the decision making process and strategic planning. . .7
Advantages and disadvantages of management accounting in the hospitality industry.........8
Research Methodology..................................................................................................................10
Data Analysis and interpretation....................................................................................................15
Introduction..........................................................................................................................15
CONCLUSION AND RECOMMENDATION.............................................................................25
REFERENCES..............................................................................................................................28

INTRODUCTION
Management accounting is extremely basic piece of the business association through
which different choice identified with business check take like allotment of back and finances,
day by day activities and so forth. Significantly it used to break down business budgetary data
and to get ready for future necessity and target of element. In a basic word one might say that
management accounting is a procedure of dissecting, deciphering and analysing the bookkeeping
data assemble with help of money related bookkeeping. Management accounting aid outline a
methodical arranging of the business capacities and exercises. Management accounting and it is
very required for organization with a specific end goal to meet goal (Giri and Sharma, 2014). By
considering arranging, coordinating, inspiring, breaking down and revealing Management
accounting can take the significant choice of business. With help of this framework, speciality
unit can ready to set up the cost report and monetary articulation which helps in deal with the
money related record and investigate the budgetary execution of the association it is a procedure
of examination, elucidation, examination of bookkeeping data which can estimated by planning
of money related bookkeeping, report and explanations. Management accounting is an orderly
procedure of getting ready administration reports, accounts, monetary explanations which helps
with dissecting, deciphering and analysing of money related data of the association. With help of
these report and articulations of record, organization can undoubtedly take the applicable choice
about the portion of store, dealing with the hazard, day by day activity related choice and so on.
management accounting is a calling that includes banding together in administration basic
leadership, contriving arranging and execution administration framework, and giving mastery in
monetary detailing and control to help administration in the plan and usage of the business
methodology.
In the hospitality sector, there is a huge role of management accounting and its several
systems in the decision making process within the Hospitality sector. Accounting system helps to
business entity in managing the income and outcome. The profitability and loss of the business
can easily measure with help of accounting systems. The current dissertation have main aim is to
identify the favourable and unfavourable impact of accounting system in the decision making
process of Mandarin oriented hotel. Mandarin Oriental Hotel was built up in the 1876 at
Bangkok by the two America residents, for example, Captain Atkins Dyer and William West.
From that point, the business has one of a kind development which speaks to that they have
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turned into the most mainstream lodging network on the planet and have different branches in
America, Asia and Europe. At present the firm is having in excess of 80 million USD income
consistently with the most productive workforces.
With help of current research study researcher can gain the detail knowledge and
understanding about accounting techniques and systems and its significance within the
hospitality sector. In addition to this, various benefits and advantages of the accounting system
within the hospitality sector.
Research Aim
To analyse the favourable and unfavourable impacts of accounting system in decision
making process of Mandarin Oriental Hotel.
Research Objective
1. To identify the main purpose of accounting in hospitality sector.
2. To analyse the requirement of accounting in decision making process.
3. To determine the loopholes and barriers incurred while strategic planning.
4. To suggest the most effective method of disclosures of financial accounts.
Research Questions
The questions which will be helpful in carrying an effective research are as follows:
1. What will be effective purpose of accountancy in hospitality sector?
2. What are the essential requirements of accounting techniques in hospitality firms?
3. What are the main barriers and factors which influence the decision making process and
strategic planning?
4. How recommendations will have effects over having the adequate disclosure of financial
data set of a firm?
Rationale of the study
In the current research study, researcher have main aim is to analyse the favourable and
unfavourable impacts of accounting system in decision making process of Mandarin Oriental
Hotel. At the time of selecting research topic, there are several factors that have affected the
choice and perception of researcher. It is broke down that Mandarin Oriental Hotel has poor
2

operational execution, bring down deals and income age every year. Consequently, it will be
required that there is need better operational execution which will e accommodating as far as
upgrading the execution of association However, such issues emerge due to unseemly
ramifications of bookkeeping methods for choosing the development and operational expenses.
In such manner one might say that there is need ramifications of bookkeeping instruments and
systems which will decide the income and costs and in addition costs acquired in every bit of
work.
In order to improve the performance of business and operation within the Mandarin
Oriental Hotel, researcher have selected accounting system and its impact on business decision
making. Another major reason for selecting this research topic is that scholar wanted to discover
the detail knowledge and understanding about the advantages and disadvantages of accounting
system and techniques in the hospitality firm.
Significance of the study
The present research study provides the detail knowledge and understanding about the
purpose of accountancy system and application that can useful within the hospitality sector. With
assistance of this study, any company within the hospitality sector can gain identify requirements
of accounting techniques in hospitality firms and major factors and barriers that can influence the
decision making process and strategic planning.
Research Structure
There are several chapters in the research study that assists to researcher in divide whole
investigation into the several parts. Following are systematic structure of chapters-
Chapter 1 Introduction- In this chapter, researcher discussed the aim and objective of research.
In this present study, researcher have discussed the background of the study regarding the subject
of accounting system and its impact in business decision making.
Chapter 2 Literature review-This is very crucial chapter in the dissertation that provides the
detail knowledge and understanding about the subject. Various authors perceptions and views
regarding the subject have discussed in this chapter.
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Chapter 3 Research Methodology- This is also very crucial chapter which included several
techniques of research methodology. With help of these techniques, scholar can address the
solution of research problem.
Chapter 4 Data analysis- This chapter assists to researcher in analysing and assessing
information which have collected in the data collection part. With help of this chapter, scholar
can analyse the information and find out the solution of research issue.
Chapter 5 Recommendation- In this chapter overall summary and conclusion has been included
regarding investigation. Researcher have discussed about the outcome of subject.
LITERATURE REVIEW
Introduction
Once the introduction section accomplish by researcher then the next chapter is literature
review. This chapter is very significant within the entire research study by which scholar can get
idea and understanding about the subject and break down entire part in different themes. In each
themes, authors views and perception includes which provide deep knowledge about subject. In
the present research study, researcher have main aim is to analyse the favourable and
unfavourable impacts of accounting system in decision making process of Mandarin Oriental
Hotel Thus for address this objective, scholar have developed several themes which are discus
below-
Meaning and concept of accounting
In the perspective of Daskalakis, Devanur and Weinberg, (2015) management accounting
is an electronic application which gathers the information from more extensive arrangement of
activities like deals, cost of material, work, stock and different process to detail the report of
business. With help of this management accounting framework, organization can ready to
investigate its money related condition and conjecture the future income. With help of this
perspective, organization can create yearly report for every single money related action.
Moreover, it gives a definite and disaggregated data about items, singular exercises, division
plants, tasks and task. The significant target of using assortment of administrations is to destroy
its current costs and cost which thus of decline the general benefit in the business endeavor. With
regards to management accounting, factual systems are additionally utilized by firm to anticipate
its current benefit and misfortune from assortment of assets.
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In an organisation, with help of several methods and techniques of management
accounting, company can easily analyse the condition of revenue and loss within business. The
major purpose of management accounting is that corporation manager can take effective business
decision and develop future planning and forecast the future results.
Purpose of accounting within organisation
According to the view of Brown and et.al., (2016) management accounting is vital angle
for each business association through which it can keep up back and taking important choice
about the business exercises and capacity. Management accounting is an orderly procedure of
getting ready administration reports, accounts, monetary articulations which helps with
dissecting, translating and inspecting of money related data of the association. With help of these
report and articulations of record, organization can without much of a stretch take the significant
choice about the portion of store, dealing with the hazard, day by day task related choice and so
forth. Parity scorecard is a successful approach under which there is administration frameworks
vital arranging that are major utilized by the legislature, non-benefit association, industry and
business. This approach of management accounting help with upgrading the outside and inside
correspondence. In the opinion of Beatty and Liao, (2014) the major objective and purpose of
management accounting is to presentation of information and data. The content of profit and loss
account and balance sheet are modified and rearranged in such a manner that aid the
management for taking decision through various techniques. In the management accounting,
there are various techniques and methods such as profit and loss account, balance sheet etc
through which manager of account and finance department can represent information on the
tables of profit and loss account and balance sheet in order to take the decision of business. In the
opinion of Epstein and Lee, 2007) the financial accounting information is modified according to
the management expectations. With help of management accounting, manager of finance and
account can manage and modified data. In the contradicting view Harris and West,(1997) stated
that forecasting is another objective and purpose of accounting within the organisation through
which manager can forecast the future requirement of business. The management can forecast
the achievement of objectives for short term and long term. The accountant provides necessary
information and data for forecasting. On the basis of collected information regarding the
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accounts and finance, manager of finance can easily forecast the future requirement of the
business.
Requirement of accountancy in the decision making process
As per the perspective of Ax and Greve, (2016) With help of management accounting,
director of the c association can break down and translate the past execution keeping in mind the
end goal to create successful arranging that is fetched cutting, estimating choice and other
pertinent choices of the business. Data which are served by the management accounting data
framework helps in performing pertinent cost investigation. With help of management
accounting, organization can ready to take the choice identified with the particular sort of item
and administrations generation and assembling exercises. It helps with taking the choice
identified with promoting endeavors and plan. Management accounting data renders an efficient
investigation of information by utilization of different apparatuses, for example, planning, money
related explanation projection and adjust scorecards. With help if this management accounting
framework organization can take the choice identified with business exercises and capacity in the
current as we;ll as future business. Management accounting framework additionally aids
anticipate income and the effect of income on the business. It helps with distinguishing that from
where will its income originate from and will the income increment and lessening later on. In the
organization chief can distinguish the future required assets and extent of venture with help of
management accounting framework. They can figure the future income and take the choice
identified with future venture, portion of reserve inside business exercises by help of existing
bookkeeping information. With help of this management accounting framework, organization
can ready to break down its budgetary condition and estimate the future income. It helps in
character the different data about the benefit and loss of business and as per management
accounting data organization can be to take the choice identified with business exercises and
capacity. In the opinion of Brewer, (2013) management accounting assists to the manager within
the company in order to take business decision in effective and efficient manner. Management
accounting involves the planning, controlling and handling operational activities and functions
that assists in develop and take effective decision of the business. In this aspect includes financial
and non financial information that assists to manager within the company for take effective and
appropriate decision of business.
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According to the view of Dung, (2016) Basic leadership is one of the basic piece of
business, if organization can settle on cool headed choices then it can help in enhancing its
execution. For taking inward and additionally outside sort of the business choices there are
administration and budgetary bookkeeping both are truly outstanding and profoundly
accommodating for association. To take choices there are present and future informations are
important to distinguish and figure out which are finished by utilizing key part of management
accounting like as spending plan. Based on spending chiefs of association survey money related
data for future and subsequent to considering this information it takes choices that what
procedures ought to follow in the forthcoming bookkeeping time frames. What's more, to make
choices that whether some sort of crude materials and items needs to purchase from different
organizations and providers or create inside element management accounting is the useful
perspective for partnership. For using all the accessible crude materials and in addition assets in
the exceedingly ideal path for creating the income there the directors of organization utilize
separate bookkeeping framework inside substance. As to this, to contrast business execution and
present and past or genuine and expected the management accounting having the pivotal place
and based on responsible variables of emerging deviation are to be resolved appropriately. At the
point when the administration decide the foundations for diminishing execution and benefit then
remedial activities and techniques are settled on and after that further choices are effectively
ready to taken by organization. Henceforth, it can be plainly said that to take various types of
business choices in the organization management accounting is one of the exceptionally
important idea. Management accounting helps speciality unit in gather the data from the money
related bookkeeping and based on these informations, manager can take impressive decision
regarding the future activities of business.
Barriers and factors which influence the decision making process and strategic planning
According to the view of Casini, Marone and Scozzafava, (2014) while corporation
conducts the management accounting activities then there are several factors and barriers that
can affect the outcome and functions of the business. Due to these factor's performance and
outcome can affect within the business enterprise. Accounting being a systematic procedure of
recording the financial transactions of a company and involves the methods of summarizing,
assessing and reporting the data and disseminate it to the associated stakeholders of the
enterprise. It is in accordance to the statement there exists 3 vital factors that largely affects the
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decision making procedures and assists in strategic planning of work. It together impacts on the
quality of the arranged set of data with a foremost factor namely the commitment of the top
management. It is along with the other 2 factors called the adopted nature of accounting
information systems with a special consideration of their suitability and the input controls.
According to the view of Iphone, (2015) governmental policies and regulation is one of the
major factor that can affect the decision making process and strategic planning within the
business enterprise. Corporation have to follow the regulation, norms, policies and practices that
is developed and imposed by government related to business. Each functions and activities of
business can influence by governmental policies and practices so it is very important for
management to consider various regulation, policies and practices that imposed by government.
In the decision making procedure of business and strategic planning procedure, manager should
focus on each regulation and policies like taxation, employment law, customer right etc so as it
can conduct activities in secure and safe manner. In the contradicting view stated that inadequate
funding is another major factors that can affect strategic planning and decision making procedure
within organisation. In order to achieve determined objective and carried out functions of
business in effective manner, organisation required to sufficient finance. Due to lack of funds, it
is quite difficult for organisation to develop strategic plan. A lack of resources and fund can
influence marketing, talent acquisition, distribution activities within business unit.
Advantages and disadvantages of management accounting in the hospitality industry
As per the view of Brigham and Houston (2004) management accounting is a systematic
procedure through which manager of business entity can estimate and forecast the requirement of
business in the future. The major advantage of management accounting is planning and
controlling. With help of accounting, manager can prepare the plan and execute the same for
effective operation of business. There are various functional budgets that prepared and
accounting information are rearranged in department wise, product wise, section wise. In the
contradicting view Cafferky and Wentworth, (2010) stated that maximisation of profitability of
business is another one of significant benefit of management accounting. By using several
statements, techniques, measure and tools of management accounting, organisation can easily
manage its financial and accounting transaction in effective manner. In this aspect it becomes
easy to measure the performance, profitability and loss of business. Thus, it can be said that
standards are fixed and measure the actual performance to find the deviations. If the causes for
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deviations are reasonable and controllable, then it is easy for manager to take proper action
regarding business activities and functions. In the opinion of Costantini, (2006) stated that
management accounting aids in target fixing, decision making, price fixing, selection of product
mix and so on. In an organisation by use of several statements and techniques of management
accounting, manager can effectively develop a systematic budget and forecast financial activities
and requirement within business enterprise. Management accounting is a flexible in nature and it
can be prepared anytime and they are not required to be made yearly. It can prepare monthly and
weekly basis. In the opinion of Arrowood, (2006) within the hospitality industry, organisations
uses some software and applications of the management accounting through which they can
perform all financial activities and function in effective and efficient manner. Within the
hospitality organisation, management can forecast several activities and take the decision for
future requirement. With help of management accounting, organisation in hospitality sector can
compare profit to previous periods and forecasts. Manager in the hotel can estimate that how
much profitability earn by organisation in monthly as well as year basis.
In the contradicting view of Adongo, Stork, and Hasheela (2005) stated that management
accounting have disadvantage is related to cost accounting and financial account. It is dependent
on cost accounting and financial accounts. As both financial and cost accounting information are
used in the system of management accounting. The accuracy and validity of the management
accounting is based on the financial and cost records. The installation of management accounting
system brings some changes in the corporation set up and accounting practices.
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Research Methodology
In the dissertation, while literature review effectively accomplish then in the next chapter
starts with research methodology under which scholar focuses on the several techniques and
methods such as research approach, research design, research philosophies, data collection, data
analysis etc. With help of all these methods and techniques, researcher can find out effective
solution of research problem in the study. In a simple word it can be said that research
methodology is a systematic procedure of information collection, data analysis, interpreting
information so as effective solution of the problem can easily obtain. In the study, with help of
research methodology, scholar can easily take effective decision of research problem so as
effective solution can easily obtain (Gordon, 2014). Research methodology is the systematic,
theoretical analysis of the methods applied to a field of study. It is a process used to collect
information and data for the purpose of making business decision. With help of several
techniques and methods of the research methodology, scholar can easily find out solution of
research problem. In the present study, the major objective of researcher is to analyse the
favourable and unfavourable impacts of accounting system in decision making process of
Mandarin Oriental Hotel. For achieve this objective, scholar have applied several methods of
research methodology which are discussed below-
 Research Philosophy- In the research methodology research philosophy is one of the
most significant method by which scholar can assess and analyse the information for find
out effective solution of research problem. This aspect of research methodology allows to
scholar in addressing the appropriate solution of research problem. There are major two
kinds of research philosophy that is positivism and interpritivism. In the interpretivism
reason, the specialist has utilized unmistakable theories and exposures with a specific
genuine target to test the subjective musings (Beneke and et. al., 2013). On the other
positivism get some information about reasoning can get a handle on while scientist has
arranged to consider over the basic focal point of the examination. For the present
examination, the scientist will consider on the positivism explore speculation in light of
the way that to address the examination point, some target will be made. By and large,
interpretivism logic mirrors that a solitary truth is trailed by various actualities. Then
again, positivism rationality depends upon specific statistical data points with respect to
specific perspective. In the exploration ponder, determination of reasoning is exceedingly
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affected from the sort of examination completed. Interpretivism logic ends up being
valuable just when subjective write has been chosen. On the opposite side, positivism
rationality is utilized to break down the quantitative statistical data points. Thus, at the
season of the determination of reasoning specialist needs to remember the kind of
examination (Bringle, Hatcher and Jones, 2012). Along these lines, by choosing the
reasonable theory researcher would wind up ready to assemble, assess and investigate the
information in the most ideal way.
In the present research study, scholar have main aim is to analyse the favourable and
unfavourable impacts of accounting system in decision making process of Mandarin Oriental
Hotel. For address this objective researcher have applied deductive research approach through
which effective solution of research problem can easily obtain.
 Research approach- Research approach is another vital part of research strategy which
reveals insight into example of information gathering. Fundamentally, two sorts of
research approaches are utilized, for example, inductive and deductive. Here, inductive
research requests for speculation of gathered data and afterward particular information
are gathered. In this, analyst investigates the perception by considering the current
hypothetical structure. (Cozby and Bates, 2015) This approach gives better result just
when quantitative examination is embraced. Then again, deductive research endless
supply of particular data at first and afterward speculation of the same done. In this,
specialist places accentuation on the development of new hypothesis by making
assessment of the subjective actualities and viewpoints.
In the present study, scholar have main aim is to analyse the favourable and unfavourable
impacts of accounting system in decision making process of Mandarin Oriental Hotel. For
address this aim, scholar have applied deductive approach of research under which scholar are
allowed to use theories and concept for find out better solution of research problem. Research Design- Research configuration alludes to the way toward introducing the
discoveries of gathered data in the line of research point. For the most part three sorts of
research plan; engaging, exploratory and illustrative are utilized for introducing the
discoveries in an adequate way. Here, clear research configuration helps to depict the
attributes of populace incorporated into the investigation. Then again, exploratory
research configuration is utilized to find the issue which has not been distinguished yet.
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Moreover, informative research configuration investigates and reveals issue which tend
to separate legitimate result toward point and goals (Gioia, Corley and Hamilton, 2013).
It empowers analyst to recognize the circumstances and end results relationship. This
thusly scientist can discover diverse approaches to reach toward the final products of
current examination. Circumstances and end results relationship is resolved under which
effect of one factor is evaluated on another. It mirrors that, present investigation
connected, enlightening exploration outline through which research can access to
legitimate wellsprings of data and likewise substantial result is drawn.
 Data analysis- Information examination is a vital section of research as it helps in
accomplishing the point, target of an investigation and touches base at a legitimate
conclusion. This segment comprises of the procedure in which diverse instruments and
systems are being utilized by a scientist with a specific end goal to complete assessment
of the data gathered. The primary point behind utilizing systems of information
examination is to change over the crude information into a legitimate conclusion. It is
extremely fundamental for an analyst to do the investigation of data which has been
assembled from various kinds of optional and essential sources. Besides, the procedure of
information investigation can be done with the utilization of two distinct systems which
are named quantitative and subjective strategies of information examination. In examines
where information or data is available in non numerical shape, subjective system is
utilized (Kitchin and Tate, 2013). Subsequently, topical recognition test procedure is
utilized by the researcher for leading the subjective examination. In this, few topics are
set up by the researcher based on the inquiries of overview. Other than this, diagrams and
graphs are additionally included by the researcher with the rationale to grow better
comprehension about the result or results. On the opposite side of this, quantitative
system of information investigation is for the most part utilized as a part of the explores
where data gathered is available in numeric frame. For quantitative examination, SPSS is
utilized by the researcher to test the speculation encircled. Henceforth, in this, factual
apparatuses and systems, for example, distinct insights, T-test, Z-test and so forth are
utilized by the researcher.
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In the present study, scholar have applied qualitative research technique for analyse the
favourable and unfavourable impact of accounting system in the decision making process within
the cited venture. Data collection-Data gathering is also one of the most significant method in the research
study by which scholar can collect information about the subject. In the absence of data
collection, scholar can not carry out study in effective and efficient manner. Data
collection is a systematic procedure for collecting information about the subject. Major
two kind of method of data collection that is primary and secondary data collection. In
the primary data collection, scholar can collect information from primary sources such as
survey, interview, questionnaire, case study etc. In the primary data collection, scholar
can find out fresh information about the subject (Nayar, 2012). On the other hand other
method is secondary data collection under which scholar can collect secondary and
published information about the subject. In this aspect there are several secondary
sources such as books, journal, online blogs, article etc. In the present study, the major
objective of research study is to analyse the favourable and unfavourable impacts of
accounting system in decision making process of Mandarin Oriental Hotel. Hence, for
address this objective, scholar have applied SPSS techniques along with quantitative
research method. Primary data collection can assists to researcher in analysing the impact
and significance of management accounting within the hospitality organisation. With
help of survey, scholar can collect fresh information about the advantages and
disadvantages of accounting system in order to take effective decision within the
organisation.
 Sampling- Sampling is another one of the significant method in the research study that
help to investigator in collecting information about the subject. Sampling is considered as
one of the vital piece of research system. Determination of respondents is fundamental,
analyst needs to take such populace the individuals who can give exact answer about the
theme. There are a few strategies that can bolster in choice of right examples. In the
present exposition, examiner has utilized the irregular inspecting procedure.
In the present study, scholar have selected 10 managers of Mandarin Oriental Hotel for analyse
the favourable and unfavourable impacts of accounting system in decision making process.
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 Ethical consideration- This is another one of the significant aspect in the research
methodology that helps in conduct investigation in more reliable and appropriate manner.
Ethics is the vital piece of research approach as no any investigation can be finished
without moral considered. For finishing whole examination, researcher have to follow
some ethics and moral regarding the study, survey, resources, respondents etc. (Gay,
Mills and Airasian, 2011). In the meantime, reason for explore was clarified before
focused populace through which it turns out to be anything but difficult to achieve the
built up investigate point and destinations. In any case, all the data gathered from
auxiliary sources is refered to legitimately alongside confirm. It helps to decide moral
angle and help specialist to meet the goals in a useful way. Besides, explore morals is
considered by endless supply of assortment of research instruments and strategies for
gathering legitimate data.
 Research Limitation- In the present examination, time is one of the major limitation due
to which scholar may face issue regarding the survey. As due to short period, scholar may
not focused on the objective in effective and efficient manner. In addition to this,
management accounting is a vast topic as it is quite difficult to involve all methods and
procedure of management accounting within the research. Another major limitation is
related to finance because for initiate various activities like printing and stationary work,
internet cost, transportation etc scholar requires fund. So due to lack of fund, it is quite
difficult for scholar to conduct investigation in appropriate manner.
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Data Analysis and interpretation
Introduction
In the entire research study, data analysis and interpretation is one of significant chapter
that provide effective conclusion and summary of study to researcher. Data analysis is the
procedure of inspecting, cleansing, transforming and modelling information so as appropriate
solution of study can obtain. With help of data analysis and interpretation, company can scholar
can easily find out solution and conclude results ineffective and appropriate manner. In the
present study, researcher have main objective is to analyse the favourable and unfavourable
advantages and impact of management accounting in order to take business decision within the
hospitality organisation. For address this objective researcher have applied quantitative research
technique under which SPSS tool have used for analyse the information.
1 Do you aware about accounting system and its various techniques ?
 Yes
 No
2 What is the main purpose of management accounting within business unit ?
 Forecast the future requirement
 Analyse the informations
 Analyse the rate of return
 Take effective decision in business
 All of above
3 Do you agree that management accounting helps to manager in taking business decision ?
 Strongly agree
 Agree
 Disagree
 Strongly disagree
4 Do you agree that management accounting help to forecast the future requirement within
hospitality sector?
 Strongly agree
 Agree
 Disagree

 Strongly disagree
5 Which of the following management accounting technique are mostly used in the Mandarin
Oriental Hotel ?
 Product costing technique
 Cost volume profit analysis
 Standard costing and variance analysis
 Ratio analysis
6 Do you agree that management accounting assist in controlling of business cash flow?
 Strongly agree
 Agree
 Disagree
 Strongly disagree
7 Do you agree that in the strategic planning and decision making process of business,
management accounting system helps in large manner ?
 Strongly agree
 Agree
 Disagree
 Strongly disagree
8 Does your business uses several techniques of management accounting for taking business
decisions ?
 Yes
 No
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Descriptive Analysis
Do you aware
about
accounting
system and its
various
techniques
What is the main
purpose of
management
accounting
within business
unit
Do you agree
that
management
accounting helps
to manager in
taking business
decision
Do you agree
that
management
accounting help
to forecast the
future
requirement
within hospitality
sector
Which of the
following
management
accounting
technique are
mostly used in
the Mandarin
Oriental Hotel
N Valid 10 10 10 10 10
Missing 0 0 0 0 0
Mean 1.30 3.70 1.70 1.90 2.90
Std. Error of Mean .153 .496 .335 .348 .407
Median 1.00 4.50 1.00 1.50 3.50
Mode 1 5 1 1 4
Std. Deviation .483 1.567 1.059 1.101 1.287
Variance .233 2.456 1.122 1.211 1.656
Minimum 1 1 1 1 1
Maximum 2 5 4 4 4
Sum 13 37 17 19 29
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Statistics
Do you agree that
management accounting
assist in controlling of
business cash flow
Do you agree that in the
strategic planning and
decision making process
of business, management
accounting system helps
in large manner
Does your business uses
several techniques of
management accounting
for taking business
decisions
N Valid 10 10 10
Missing 0 0 0
Mean 1.70 1.40 1.30
Std. Error of Mean .335 .221 .153
Median 1.00 1.00 1.00
Mode 1 1 1
Std. Deviation 1.059 .699 .483
Variance 1.122 .489 .233
Minimum 1 1 1
Maximum 4 3 2
Sum 17 14 13
Interpretation and analysis: While researcher applied quantitative technique in the research
study, in this aspect descriptive method is very significant aspect under which mean, mode,
medium is very effective technique that assist to researcher in obtain effective data in appropriate
manner. In the table it has been shown for first question that mean value is 1.30, standard
deviation is .483, median value is 1.00 and mode is 1.Thus, from this collected data it has been
interpreted that many of the respondents said yes as they are aware about the accounting system
and its techniques. In the second question, researcher have found that mean value is 3.70, median
is 4.50 mode is 5 and standard deviation is 1.567 that mean maximum people selected the last
option as the main purpose of management accounting within business unit is forecast the future
requirement, analyse the information, analyse the rate of return and take the effective decision
regarding business. In the above table in the third question, standard deviation is 1.059 that mean
maximum respondents are strongly agreed with statement that management accounting helps to
manager in taking business decision in effective manner. With help of management accounting,
organisation can take the decision for long term as well as short term. In the survey for forth
question, standard deviation value founded 1.101 that means majority of respondents are strongly
18

agreed with statement that management accounting help to forecast the future requirement within
hospitality sector. When the data is analysed for assess utilisation of management accounting
technique in the business of Mandarin hotel then mean value is obtained 2.90 and median is
3.50.Standard deviation is 1.287 and standard error of mean is .407.Thus, from this collected
data it has been analysed that ratio analysis method is mostly used within the cited venture.
Frequency Table
Do you aware about accounting system and its various techniques
Frequency Percent Valid Percent Cumulative Percent
Valid yes 7 70.0 70.0 70.0
no 3 30.0 30.0 100.0
Total 10 100.0 100.0
What is the main purpose of management accounting within business unit
Frequency Percent Valid Percent Cumulative
Percent
Valid Forecast the future
requirement 1 10.0 10.0 10.0
Analyse the information 2 20.0 20.0 30.0
Analyse the rate of return 1 10.0 10.0 40.0
Take effective desicion in
business 1 10.0 10.0 50.0
All of above 5 50.0 50.0 100.0
Total 10 100.0 100.0
Do you agree that management accounting helps to manager in taking business decision
Frequency Percent Valid Percent Cumulative Percent
Valid Strongly agree 6 60.0 60.0 60.0
Agree 2 20.0 20.0 80.0
Disagree 1 10.0 10.0 90.0
Strongly disagree 1 10.0 10.0 100.0
Total 10 100.0 100.0
19

Do you agree that management accounting help to forecast the future requirement within
hospitality sector
Frequency Percent Valid Percent Cumulative Percent
Valid Strongly agree 5 50.0 50.0 50.0
Agree 2 20.0 20.0 70.0
Disagree 2 20.0 20.0 90.0
Strongly disagree 1 10.0 10.0 100.0
Total 10 100.0 100.0
Which of the following management accounting technique are mostly used in the Mandarin
Oriental Hotel
Frequency Percent Valid Percent Cumulative
Percent
Valid Product costing technique 2 20.0 20.0 20.0
Cost volume profite analysis 2 20.0 20.0 40.0
Stand costing and variance
analysis 1 10.0 10.0 50.0
Ratio analysis 5 50.0 50.0 100.0
Total 10 100.0 100.0
Do you agree that management accounting assist in controlling of business cash flow
Frequency Percent Valid Percent Cumulative Percent
Valid Strongly agree 6 60.0 60.0 60.0
Agree 2 20.0 20.0 80.0
Disgaree 1 10.0 10.0 90.0
Strongly disagree 1 10.0 10.0 100.0
Total 10 100.0 100.0
Do you agree that in the strategic planning and decision making process of
business, management accounting system helps in large manner
Frequency Percent Valid Percent Cumulative Percent
Valid Strongly agree 7 70.0 70.0 70.0
Agree 2 20.0 20.0 90.0
Disagree 1 10.0 10.0 100.0
Total 10 100.0 100.0
20

Does your business uses several techniques of management accounting for taking business
decisions
Frequency Percent Valid Percent Cumulative Percent
Valid Yes 7 70.0 70.0 70.0
No 3 30.0 30.0 100.0
Total 10 100.0 100.0
Interpretation and analysis: From the collected and interpreted information it has been found
that management accounting helps to manager in taking business decision in effective and
efficient manner. In the first table the frequency value is 7 and cumulative percentage is 70.0 that
mean majority if respondents are aware about the accounting system and its various techniques.
In the second table it has been founded that majority of respondents selected fifth option that is
all of above because cumulative percentage value is 100 that mean majority of respondents
selected fifth option as the main purpose of management accounting is forecast the future
requirement, analyse the information, analyse the rate of return, take effective decision in
business. In the another table cumulative percentage value is found 60 that means from 10
managers 6 respondents are strongly agreed with statement that management accounting helps to
manager in taking business decision within the hospitality sector. Another table shown
cumulative percentage value is 50 that means majority of respondents said that ration analysis
technique is mostly used by the cited venture in its business for carry out financial activities and
functions. In the next table shown that cumulative percentage is 60.0 that means majority of
respondents are strongly agreed with statement that management accounting assists in
controlling of business cash flow. When data is analysed for identify significance of management
accounting in strategic planning and decision making process then cumulative percentage
founded 70 that meaning majorly of respondents are strongly agreed with statement that
management accounting helps to organisation in developing decision as well as conducting
strategic planning. When data is analysed for identify that whether Mandarin Oriental hotel uses
techniques of management accounting for taking business decision or not then cumulative
percentage is founded 70 that means majority of respondents said yes that cited venture uses
several techniques of management accounting for taking business decision.
21

REGRESSION
Variables Entered/Removeda
Model Variables
Entered
Variables
Removed
Method
1
Do you agree
that
management
accounting helps
to manager in
taking business
decisionb
. Enter
a. Dependent Variable: What is the main purpose of
management accounting within business unit
b. All requested variables entered.
Model Summary
Model R R Square Adjusted R
Square
Std. Error of the
Estimate
1 .542a .294 .206 1.397
a. Predictors: (Constant), Do you agree that management accounting
helps to manager in taking business decision
ANOVAa
Model Sum of Squares df Mean Square F Sig.
1 Regression 6.496 1 6.496 3.330 .105b
Residual 15.604 8 1.950
Total 22.100 9
22

a. Dependent Variable: What is the main purpose of management accounting within business unit
b. Predictors: (Constant), Do you agree that management accounting helps to manager in taking
business decision
Coefficientsa
Model Unstandardized Coefficients Standardized
Coefficients
t Sig.
B Std. Error Beta
1 (Constant) 2.337 .868 2.692 .027
Do you agree that
management accounting
helps to manager in taking
business decision
.802 .439 .542 1.825 .105
Interpretation and analysis: From these above table the regression value is .294 that means the
there is a significant relationship between the main purpose of management accounting and
management accounting helps in taking business decision. There is effective co relationship
between these two variables. From this obtain value it has been analysed that the main purpose
of the management accounting is to take effective business decision regarding business activities
and function. The standard deviation value is .868 and regression value is 6.496 that mean
management accounting helps to taking business decision and it is the main objective of the
management accounting within the hospitality organisation. Thus, it can be said that there is both
dependent and independent variable have effective and significant relationship.
Variables Entered/Removeda
Model Variables
Entered
Variables
Removed
Method
1
Do you agree
that
management
accounting
assist in
controlling of
business cash
flowb
. Enter
23

a. Dependent Variable: Does your business uses several
techniques of management accounting for taking business
decisions
b. All requested variables entered.
Model Summary
Model R R Square Adjusted R
Square
Std. Error of the
Estimate
1 .022a .000 -.124 .512
a. Predictors: (Constant), Do you agree that management accounting
assist in controlling of business cash flow
ANOVAa
Model Sum of Squares df Mean Square F Sig.
1 Regression .001 1 .001 .004 .953b
Residual 2.099 8 .262
Total 2.100 9
Coefficientsa
Model Unstandardized Coefficients Standardized
Coefficients
t Sig.
B Std. Error Beta
1 (Constant) 1.317 .318 4.137 .003
Do you agree that
management accounting
assist in controlling of
business cash flow
-.010 .161 -.022 -.061 .953
a. Dependent Variable: Does your business uses several techniques of management accounting for taking business
decisions
24

Interpretation and analysis: From this above table it has been stated that majority of
respondents are agreed with statement that management accounting assists in controlling of
business cash flow and corporation uses several techniques for taking effective business
decision. When the data is analysed for identify the relationship between dependent and
independent variable then it has been found that there is significant relationship between these
two variable. When data is analysed for identify use of management accounting within the
company then value is obtained .953 that means there is a significant relationship between the
dependent and independent variable. Thus from this data it has been assessed that management
accounting system assists to controlling the business cash flow and company uses techniques of
management accounting for taking effective business decision.
CONCLUSION AND RECOMMENDATION
From this entire report it has been concluded that in the business decision making
procedure within the hospitality organisation, management accounting plays a very crucial role.
At the time of decision making procedure it is very important for manager to focuses on the
several methods and techniques of management accounting by which effective decision can
obtain regarding the business. It has been also concluded that major advantage of management
accounting system within the business enterprise is related to forecast the future requirement
within the business. By use of various statement and techniques within business organisation,
manager can forecast the future requirement. With help of several systems of management and
financial accounting, company can estimate profitability and loss of business through which
effective strategy can develop in appropriate manner. Management accounting is an electronic
application which gathers the information from more extensive arrangement of activities like
deals, cost of material, work, stock and different process to detail the report of business. This
procedure assist to organisation in planning, cost controlling, budgeting, forecasting etc. It has
been also summarised that in the hospitality organisation, management accounting is a procedure
if preparing management reports and accounts that provide accurate and timely financial and
statistical information to manager to make long term and long term business decision within the
business enterprise. From this report it has been concluded that management accounting is an
orderly system through which chief of business substance can gauge and figure the prerequisite
of business later on. The real meaning of management accounting is arranging and controlling.
With help of bookkeeping, manager can set up the arrangement and execute the same for
25

compelling task of business. There are different practical spending plans that applied within the
business enterprise for analyse the financial information. By utilizing a few techniques and
methods, strategies, measure and apparatuses of management accounting, association can
undoubtedly deal with its money related and bookkeeping exchange in successful way. In this
aspect it turns out to be anything but difficult to quantify the execution, benefit and loss of
business. Along these lines, it can be said that models are settled and measure the genuine
execution to discover the deviations. significant target and reason for management accounting is
to introduction of data and information. The main benefit of mangement accounting is to
estimate the future loss that associated with business operation. On the basis of collected
information regarding finance, company can estimate the future requirement of business. In the
management accounting, there are different systems and strategies, for example, benefit and
misfortune account, asset report and so on through which supervisor of record and fund division
can speak to data on the tables of benefit and misfortune record and monetary record with a
specific end goal to take the choice of business within the accommodation business, associations
utilizes some product and uses of the management accounting through which they can play out
every single money related action and capacity in powerful and effective way. Inside the
neighborliness association, administration can estimate a few exercises and take the choice for
future necessity(Sahu, 2013). With help of management accounting, organisation can easily take
the business decision regarding future activities and functions. Manager in the hotel can gauge
that how much benefit gain by association in month to month and additionally year premise.
In this present dissertation, researcher have applied various methods and techniques of
research methodologies. With help of several techniques of research methodology, scholar can
solve the issue of research and find out appropriate solution of research problem. In this study,
scholar have applied quantitative research technique along with primary data collection (Sessler
and Imrey, 2015). In this method, scholar have applied SPSS techniques through which
information can analyse with help of several tests like Anova, T test, descriptive method,
regression etc. It has been also concluded that with help of primary data collection, individual
can collect fresh information about subject and find out the best solution of research problem.
Research methodology is a systematic procedure of collecting and assessing information so as
effective solution can obtain. It is very important for individual to select effective and suitable
method of research so as investigation can conduct in appropriate manner. Following are some
26

recommendations that can help to company in using management accounting methods in its
business activities-
 Corporation should organise learning session like training and development for its
employees regarding the management accounting under which employees can gain the
knowledge and understanding about management accounting methods, techniques and
statement.
 Company should use the latest software, application and tools of the management
accounting and financial accounting so as business can improve its performance and
speed of financial transaction (Stanley and et.al., 2015).
 Accounting department should regularly check and update the information of finance and
accounting so as company can get the effective outcome regarding profitability and loss
(Wan and et.al. 2014). By maintain and update the regular information related to profit
and loss in the statement like profit and loss, fund flow, cash flow etc company can get
effective result of business.
27

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