Determinants of Management Accounting Practices among the SMEs Hotels and Restaurants in Ilorin Metropolis, Nigeria
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Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
MZUJHSS
Abstract
The specific objectives of the study were to: (i) examine the extent to which
organization structure influence management practice among the SMEs hotels
and restaurants in Ilorin metropolis; (ii) determine the effect of market
dynamism on management accounting practices among the SMEs hotels and
restaurants in Ilorin metropolis and (iii) Investigate the influence of
information technology on management accounting practice among SMEs
hotels and restaurants in Ilorin metropolis. The study employed quantitative
method to obtain survey data from randomly and purposively selected 217
SMEs hotels and restaurants owners duly registered in Ilorin, Kwara State.
The obtained quantitative data was subjected to multiple regression analysis.
The findings of the study revealed evidences of statistically significant positive
relationship between organization structure (β=0.102 < 0.05), market
dynamism (β=0.512 < 0.05) and information technology (β=0.375< 0.05)
respectively. This study offers advice to small and medium-sized hotels and
restaurants on how to use management accounting practices to plan activities
and set performance standards for their staff in order to improve their
business performance. This study revealed lack of knowledge in the current
literature regarding the factors that influence the use of management
accounting techniques among small and medium-sized hotels and restaurants
in Ilorin Metropolis.