Sage Journals: Discover world-class research

Abstract

Companies, like individuals, practice bartering. This article reports a study investigating the bartering practices of the top 100 lodging chains and of 500 individual lodging properties. Data were obtained through a mailed questionnaire sent to the top chief financial officers of the lodging chains and to the controllers of individual lodging properties. The study revealed that significant bartering activity occurs among the chains as well as the individual properties, and that accounting for the bartered transactions varies considerably among the companies reporting. With bartering activity seemingly on the increase, educators and future industry professionals need to understand the various techniques and issues involved.

Keywords

Key Words: bartering trade-outs.

Get full access to this article

View all access options for this article.

References

AICPA (American Institute of Certified Public Accountants). (1970). Accounting Principles Board Opinion, No. 4: Basic concepts and accounting principles underlying financial statements of business enterprises New York: Author.

Aicpa. (1974). Accounting Principles Board Opinion, No. 29: Accounting for nonmonetary transactions. New York: Author.

Aicpa. (1982). AICPA Statement of Position, No. 75-5: Accounting practices in the broadcasting industry. New York: Author.

Financial Accounting Standards Board (FASB). ( 1982). Financial reporting by broadcasters: Statement of Accounting Standards, No. 63. Stamford, CT: Author.

Meyer, B. (1992, July/August). I'll give you 50 room nights if you give me Lodging, p. 26.

Seigel and Wolitz. (1986, August). The accountant's role in barter arrangements . National Public Accountant, p. 33.

Sweeney, R. , and Lukawitz, J. (1991, November). Bartering: An ancient concept revived . Management Accounting, p. 43.

Withiam, Glenn. (1992). Bartering rooms. Cornell Hotel and RestaurantAdministration Quarterly, 33(3), 93.

Bartering Practices in the Lodging Industry

Abstract

Keywords

Get full access to this article

References