Research On The Application Of Activity-Based Costing In SD Hotel

The improvement of residents' income and the implementation of the "one belt and one way" initiative have created a good opportunity for the development of China's hotel industry.However,with the introduction of The Class Hotel abroad and the introduction of the "eight regulations",the development of high-end hotels in China is facing severe challenges and pressures.The introduction of advanced cost management concepts and the construction of a more scientific cost accounting system will enhance their competitiveness.Its own cost management level is the basis for the sustainable and stable development of high-end hotels in China.Because the hotel belongs to the service industry,the special nature of the service industry results in a large number of indirect costs.The traditional cost method for the allocation of costs is relatively simple,resulting in the inaccurate accounting results,affecting the hotel's pricing decisions and performance appraisal system.The introduction of activity-based costing makes the allocation standard of cost more diverse and provides better management basis for hotels.This paper takes the high-end hotel industry as the research object and SD hotel as the research case.Firstly,it introduces the background,purpose and significance of the research,and then summarizes the theoretical and practical research of activity-based costing at home and abroad.Then,combined with the relevant theoretical knowledge of activity-based costing and activity-based costing management,this paper analyzes the current cost accounting methods and management status of case Hotel,and finds the problems in the cost accounting and management of case hotel.Next,using advanced cost management concepts for reference,we will build an activity-based costing system suitable for the actual situation of high-end hotels,aiming to improve the cost management level and profitability of the high-end hotel industry.At last,the paper analyzes the effect of Activity-Based Costing in SD hotel.Combined with the analysis results,it puts forward effective suggestions for improving the cost management and profit level of SD Hotel and improving the performance appraisal system.