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Title: Accounting and distribution of service changes in the hotel industry
Authors: Low Choon Fui, Ong Chye Huat Simon, Wong Po Yuen Wong Shean Fwu
Keywords: DRNTU::Business
Issue Date: 1997
Abstract: In 1996, the amount of service charges collected by gazetted hotels alone in Singapore is estimated at $182.97 million based on 10 percent of the total revenue. The research traces the evolution of service charge distributions in the hotel industry for the past three decades. The main portion of the research focuses on how the service charges are accounted and distributed in the hotel industry in Singapore. A hypothetical case study is used to examine the impact of the different systems on the financial statements. The research also discusses some of the qualitative factors being considered by the hotel management in deciding which system to adopt. To complete the mainstream analysis of the study and to give recognition to the numerous components of service charges, related aspects to this topic such as the wage structure and the role of National Wage Council (NWC) are briefly reviewed as well. The progress of this research and major constraints are discussed before recommendations on future developments are made at the end of the report.
Description: 122 p,
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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