Abstract

The third-largest source of foreign exchange earnings in Sri Lanka is the tourism sector. [1] The tourist business in Sri Lanka is dominated by the small to medium sized hotel sector, which accounts for 75% of SM Enterprises. [2] In order to gain insights into the various management accounting practices used by small hoteliers, the researcher chose a sample of 10 small hotels with fewer than 100 employees from across Sri Lanka. A secondary goal of this research is to gauge the level of awareness of these practices among small hoteliers. In this study, 4 key criteria are used to measure awareness of management methods. Those are management accounting practices used to Create a Business Strategy, Planning and Control Techniques, and Decision Making strategies, Efficient Resource Usage, methods for performance evaluation.

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