Research On Cost Accounting And Control In F&B Of High-ranking Hotel

Based on the rapid development of society,the increasing pressure from raw materials and labor cost in F&B of high-ranking hotel has promoted the development of the hospitality’s cost management level.However,the cost accounting process and control measures of most domestic hotels are not in line with the regulation.They still use the traditional cost accounting method,and do not pay much attention to the collection or distribution of direct and indirect costs,which are easy to cause product cost information distortion.Which would affect the mastery of cost data by managers and increase the difficulty of cost controlling.And also affecting the economic benefits of hotel.Based on a specific hotel,this study conducts a research on their F&B cost accounting and control,providing a certain reference for future research.This research takes Hotel X as the case.By investigating the cost management status and strategic positioning,and analyzing F&B operation cost data and using questionnaire survey,following problems in cost management: rough classification of wage subjects,lack of manual operation time records;unreasonable distribution of indirect expenses,low recognition of cost accounting;low comprehensive quality of employees,defective cost evaluation system.This research generates the corresponding optimization strategy of cost management by using F&B cost accounting,activitybased costing,differentiation strategy.Hotel X needs to standardize the detailed management of its cost accounting and improve the calculation accuracy of working time.And improve the cost control system from the perspective of cost evaluation and employee training.It is suggested to implement activity-based costing to improve the value of cost information,and integrate with hotel’s differentiation strategy to improve the matching degree with Hotel X and its strategy.The following three conclusions are drawn: First,the reasonable cost management mode can adapt to the current fierce market competition environment.In order to provide favorable information supporting for the decision-making of managers,it is necessary to strengthen the control of various cost consumption records.Second,the traceability of ABC can shift the focus of management to consumption of cost drivers,which are more convenient to strengthen the ability of cost control.Thirdly,the accounting advantages of activity-based costing can also be integrated with the differentiation strategy to help obtain dual competitive advantages,which is the most valuable conclusion and also the innovation point of this research.