Management accounting Techniques in the hospitality industry

Abstract

This article represents an overview of the management accounting techniques used in the Hospitality Industry. The main differences between financial and management accounting are explained. Much attention is given to the Uniform System of Accounts for the Lodging Industry (USALI) and principles of its operation. The Key Performance Indicators used in the Hospitality Industry are analysed. Advantages and disadvantages of the USALI standards are assessed during the practical research. The article is focused on models of USALI implementation. The recommendations for the improvement of management accounting system in the Belarusian hotels are given.