Pricing decisions and the role of cost accounting systems and cost information in tourism organisations

Lane, Peter, and Durden, Chris (2013) Pricing decisions and the role of cost accounting systems and cost information in tourism organisations. In: Proceedings of the 7th Asia Pacific Interdisciplinary Research in Accounting Conference. From: APIRA 2013: 7th Asia Pacific Interdisciplinary Research in Accounting Conference, 26-28 July 2013, Kobe, Japan.

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Abstract

The accounting literature reports that the ability to set prices efficiently for products and services is supported by an effective costing system. Prior research indicates the dominance of pricing methods using fixed and variable cost information and discusses the benefits of applying sophisticated costing methods to aid in pricing decisions. The purpose of this paper is to investigate the role of cost information and costing systems in the pricing decisions of tourism organisations. Data was collected via an online survey instrument from a range of Queensland tourism organisations. Full cost information was found to have relatively greater importance. Customer oriented and short-term survival objectives were found to be the more important pricing objectives. Several correlations were found between sophistication of the cost accounting system and choice of pricing method and objectives. This paper contributes to the literature by providing an analysis of the role of cost information and cost accounting systems in pricing decisions within tourism organisations.

Item ID: 31546
Item Type: Conference Item (Research - E1)
Keywords: cost information, pricing decisions, cost accounting systems, tourism industry
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This paper was also presented at the 2013 AFAANZ Conference, 7-9 July, Perth, Australia.

Date Deposited: 11 Mar 2014 06:42
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150105 Management Accounting @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910499 Management and Productivity not elsewhere classified @ 100%
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