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An Analysis of Energy Management Practices and Accounting Implications in the Hotel Sector- A Sri Lankan Case Study

Journal of Accounting Panorama

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Title An Analysis of Energy Management Practices and Accounting Implications in the Hotel Sector- A Sri Lankan Case Study
 
Creator Hendahewa, S.M.; University of Sri Jayewardenepura
Jayasinghe, J.M.R.P.; University of Sri Jayewardenepura
Pannilarathne, P.T.; University of Sri Jayewardenepura
Wijewickrama, M.K.P.; University of Sri Jayewardenepura
Withanage, C.M.; University of Sri Jayewardenepura
 
Description Purpose – The purpose of this paper is to examine energy conservation initiativesimplemented and physical/monetary environmental management accountingpractices adopted in relation to energy management in the context of a Sri Lankanhotel.Design/methodology/approach –A single case study approach was adopted for thisstudy. Primary data were collected by conducting semi structured interviews withhotel staff along with observations. Evidence from the hotel’s Green Directory,daily and monthly energy records, presentations on energy conservation andonline resources were used as secondary data. In the process of data collection,steps were taken to ensure data validity and reliability.Findings – The study identified that energy conservation practices, physical andmonetary energy management accounting practices and performance measures ofthe hotel have been institutionalized and have evolved gradually over time. Thecontribution of accounting and finance towards the advancement of these practicesis still limited and the potential for further development is significant. Research limitations/implications –Due to limited access to confidential internalenergy records, the researchers’ interpretations were brought in, to illustrate andjustify certain points. Further, as a result of the context-specific nature of the study,the findings are difficult to generalize across industries and are best suited forhotels with similar characteristics.Originality/value –The study attempts to fill the dearth of research related toenergy management and its accounting implications in the hotel industry in adeveloping country’s context. The findings will be particularly useful for hotelswith similar characteristics when adopting and developing a sustainable energymanagement system in collaboration with the finance function.Keywords- Energy conservation, Environmental Management Accounting,sustainable management, hotel industry, Sri Lanka.Paper type- Case Study
 
Publisher University of Sri Jayewardenepura
 
Contributor —
 
Date 2015-09-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.sjp.ac.lk/index.php/joap/article/view/2484
 
Source Journal of Accounting Panorama; Vol 1, No 1 (2014): Journal of Accounting Panorama
 
Language eng
 
Relation http://journals.sjp.ac.lk/index.php/joap/article/view/2484/1475