Determinants of Management Accounting Practices among Hotels in Ilorin Metropolis

Abstract

The specific objectives of the study were to: examine the extent to which organization structure influence management practice among the SMEs hotels and restaurants in Ilorin metropolis; determine the effect of market dynamism on management accounting practices among the SMEs hotels and restaurants in Ilorin metropolis and 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, market dynamism and information technology 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.