Relationship between budgeting and financial performance in Hong Kong Hospitality Industry

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Budget target setting plays in effective performance measurement in Hong Kong Hospitality Industry. To find out the relationship between budgeting and financial performance and investigate whether Hong Kong hotels have a business strategy and strategic management accounting are more successful in comparison with those that still do not have a long-term business strategy and strategic management accounting. Questionnaires will be distributed to the management of selected Hong Kong hotels (Hotels with rating of 5 stars or above only).

 

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