E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 6, 2023

A Study of Management Accounting Information in Tourism Firms

Author(s): Nguyen Thi Thu Thao, Nguyen Thi Mai Anh


Tourism firms have proactively and creatively introduced many new tourism products that have been well received by many tourists, such as the "Sacred Night" tour of Hoa Lo Prison Relic Area, the product series "Exploring Southeast Asia" of the Museum of Ethnology, etc. However, Hanoi city should promote links to build products, services, and tours that are typical of Hanoi. At the same time, clearly identify the tourist market segment and have tourism products that suit the needs of tourists. The application of advanced management accounting practices (MAP) is considered the key to business success in severe competition nowadays. In 1998, the International Federation of Accountants (IFAC) issued a MAP evolution model with four stages (the IFAC model). To cope with the fiercely competitive environment, firms will increase the use of management accounting information to support planning, control, and decision-making (Hoque et al., 2001) [13]. This article presents the theoretical framework, research overview, and discussion on management accounting information in tourism firms in Hanoi through a review of existing literature and related studies, and at the same time provides more specific directions for further empirical analysis. Researching management accounting information in tourism firms in Hanoi has many practical implications and contributes to perfecting the theoretical framework of management accounting in Vietnam today.

Keywords: Management Accounting Information, Accounting, Finance, Tourism Firms

Pages: 1454-1457

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