Öz
Hotel businesses anticipate some expenses that may arise in the future, allocate a certain provision for them, and ensure that the hotel activities continue in a healthy way. In practice, this situation, which is seen in businesses that operate hotels by using the brands of large hotel chains, is based on the contractual provisions of the two parties. This practice, which is not recognized by tax laws, generally affects management accounting and gains importance in monitoring the performance by both parties. In this study, a proposal has been developed for this accounting process, which is known as FF&E reserves in international practices. It has been understood that there has been no previous study in this direction in the academic literature.
Anahtar Kelimeler
Kaynakça
- Bader, E., & Lababedi, A. (2007). Hotel management contracts in Europe. Journal of Retail & Leisure, 6(2), 171-179.
- Balyozyan, D., Perret, S., & Martin, C. (2017). Hotel management contracts in Europe. London, UK.
- Crandell, C. (2002). Is it time to rebalance the FF&E reserve accounts?, http://ishc.com/wp-content/uploads/FFEArticle.pdf.
- Farazad, K. (2020). Difference between hotel managements agreements and franchise operators. https://www.hospitalitynet.org/opinion/4099753.html
- Hilton Worldwide Holdings Inc. (2021). Hilton Reports Second Quarter Results. https://ir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/quarterly-results/2021/q2-2021-earnings-release.pdf.
- Hoogland. Hotel valuation. https://www.mnmaao.org/assets/Resources/ss%20hotel.pdf.
- Maisnik, G., & Falik, J. (2019, Mayıs). Meet the Equity: Investment Boot Camp. Meet the Equity National Hotel Finance & Investment Conference’nda sunulan doküman.
- Marriott International Inc. (2021). Annual Report Pursuant to Sectıon 13 Or 15(D) of the Securities Exchange Act of 1934, https://marriott.gcs-web.com/static-files/9fb40a9d-d54f-41d8-b36d-f9c924ecf7db.
- Rushmore, S. (2003). Maybe the reserve for replacement should be 7% to 11% of revenue. Canadian Lodging Outlook, August 2003.
- TFG Asset Management. (2018). The importance of a hotel’s FF&E reserve revealed. https://www.tfgassetmanagement.com/the-importance-of-a-hotel-s-ff-e-reserve-revealed/.
- The Plasencia Group. (2021). The consequences of depleted FF&E reserve balances, https://tpghotels.com/quick-topics-depleted-ffe-reserves/.
- Turner, M. J., & Guilding, C. (2010). Accounting for the furniture, fittings & equipment reserve in hotels. Accounting and Finance, 50(4), 967-992.
- Turner, M. J. & Hesford, J. W. (2019). The impact of renovation capital expenditure on hotel property performance. Cornell Hospitality Quarterly, 60(1), 25-39.
- Turner, M. J., Hodari, D., & Blal, I. (2016). Entry modes: Management contract. In S. Ivanov, M. Ivanova & V. P. Magnini (Eds.), The Routledge Handbook of Hotel Chain Management (s. 157-171). New York, NY: Routledge.
Öz
Otel işletmeleri gelecekte ortaya çıkması muhtemel bazı giderleri öngörerek bunlar için belirli bir karşılık ayırmakta ve otel faaliyetlerinin sağlıklı bir şekilde devam etmesini sağlamaktadırlar. Uygulamada büyük otel zincirlerinin markasını kullanarak otel işletmeciliği yapan işletmelerde görülen bu durum iki tarafın aralarında düzenlenmiş sözleşme hükümlerine dayanmaktadır. Vergi kanunları tarafından tanınmayan bu uygulama genelde yönetim muhasebesini etkilemekte ve iki tarafın performans takibinde önem kazanmaktadır. Bu çalışmada uluslararası pratiklerde FF&E rezervleri olarak geçen bu muhasebe işlemine yönelik bir öneri geliştirilmiştir. Akademik yazında bu yönde daha önce bir çalışma yapılmadığı anlaşılmıştır.
Anahtar Kelimeler
Kaynakça
- Bader, E., & Lababedi, A. (2007). Hotel management contracts in Europe. Journal of Retail & Leisure, 6(2), 171-179.
- Balyozyan, D., Perret, S., & Martin, C. (2017). Hotel management contracts in Europe. London, UK.
- Crandell, C. (2002). Is it time to rebalance the FF&E reserve accounts?, http://ishc.com/wp-content/uploads/FFEArticle.pdf.
- Farazad, K. (2020). Difference between hotel managements agreements and franchise operators. https://www.hospitalitynet.org/opinion/4099753.html
- Hilton Worldwide Holdings Inc. (2021). Hilton Reports Second Quarter Results. https://ir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/quarterly-results/2021/q2-2021-earnings-release.pdf.
- Hoogland. Hotel valuation. https://www.mnmaao.org/assets/Resources/ss%20hotel.pdf.
- Maisnik, G., & Falik, J. (2019, Mayıs). Meet the Equity: Investment Boot Camp. Meet the Equity National Hotel Finance & Investment Conference’nda sunulan doküman.
- Marriott International Inc. (2021). Annual Report Pursuant to Sectıon 13 Or 15(D) of the Securities Exchange Act of 1934, https://marriott.gcs-web.com/static-files/9fb40a9d-d54f-41d8-b36d-f9c924ecf7db.
- Rushmore, S. (2003). Maybe the reserve for replacement should be 7% to 11% of revenue. Canadian Lodging Outlook, August 2003.
- TFG Asset Management. (2018). The importance of a hotel’s FF&E reserve revealed. https://www.tfgassetmanagement.com/the-importance-of-a-hotel-s-ff-e-reserve-revealed/.
- The Plasencia Group. (2021). The consequences of depleted FF&E reserve balances, https://tpghotels.com/quick-topics-depleted-ffe-reserves/.
- Turner, M. J., & Guilding, C. (2010). Accounting for the furniture, fittings & equipment reserve in hotels. Accounting and Finance, 50(4), 967-992.
- Turner, M. J. & Hesford, J. W. (2019). The impact of renovation capital expenditure on hotel property performance. Cornell Hospitality Quarterly, 60(1), 25-39.
- Turner, M. J., Hodari, D., & Blal, I. (2016). Entry modes: Management contract. In S. Ivanov, M. Ivanova & V. P. Magnini (Eds.), The Routledge Handbook of Hotel Chain Management (s. 157-171). New York, NY: Routledge.
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Konular | İşletme |
| Bölüm | Araştırma Makalesi |
| Yazarlar | |
| Yayımlanma Tarihi | 16 Mart 2022 |
| Kabul Tarihi | 8 Mart 2022 |
| Yayımlandığı Sayı | Yıl 2022 Cilt: 5 Sayı: 1 |
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