Accounting for the furniture, fittings & equipment reserve in hotels

Accounting and Finance

Volumn 50, Issue 4, 2010, Pages 967-992

  Turner, Michael J ^a   Guilding, Chris ^b  

^a UNIVERSITY OF QUEENSLAND   (Australia)

^b GRIFFITH UNIVERSITY   (Australia)

Author keywords

FF E reserve accounting; Hotel management contract; M41 Accounting

Indexed keywords

EID: 77957981389     PISSN: 08105391     EISSN: 1467629X     Source Type: Journal    
DOI: 10.1111/j.1467-629X.2010.00347.x     Document Type: Article

References (52)

1. Aghion, P., M. Dewatripont, and P. Rey, 1994, Renegotiation design with unverifiable information, Econometrica 62, 257-282.
2. Akrivos, C., A. Ladkin, and P. Reklitis, 2007, Hotel managers' career strategies for success, International Journal of Contemporary Hospitality Management 19, 107-119.
3. Armitstead, M., 2004, Hotel management and operations options: intellectual capital versus financial capital, Journal of Retail & Leisure Property 3, 299-307.
4. Australia, New Zealand & Pacific Hotel Investment Conference, 2006, Hotel Transactions Under the Spotlight: The InterContinental Australia Portfolio Deal. Paper presented at the Australia, New Zealand & Pacific Hotel Investment Conference, Sydney, Australia.
5. Bader, E. E., and A. Lababedi, 2007, Hotel management contracts in Europe, Journal of Retail & Leisure Property 6, 171-179.
6. Barge, P., and D. Jacobs, 2001, Management agreement trends worldwide, Hotel Topics June, 1-20.
7. Beals, P., and G. A. Denton, 2004, Hotel Asset Management: Principles and Practices (American Hotel & Lodging Educational Institute, Michigan).
8. Beals, P., and G. A. Denton, 2005, The current balance of power in North American hotel management contracts, Journal of Retail & Leisure Property 4, 129-146.
9. Beattie, R., 1991, Hospitality internationalization - an empirical investigation, International Journal of Contemporary Hospitality Management 3, 14-24.
10. Brooke, J., and G. A. Denton, 2007, CapEx 2007: A Study of Capital Expenditures in the Hotel Industry (International Society of Hospitality Consultants, Alexandria, VA), 1-98.
11. Collier, P., and A. Gregory, 1995, Investment appraisal in service industries: A field study analysis of the U.K. hotels sector, Management Accounting Research 6, 33-57.
12. Contractor, F. J., and S. K. Kundu, 1998, Modal choice in a world of alliances: analyzing organizational forms in the international hotel sector, Journal of International Business Studies 29, 325.
13. Corgel, J., 2007, Technological change as reflected in hotel property prices, The Journal of Real Estate Finance and Economics 34, 257-279.
14. Crandell, C., 2002, Is It Time to Rebalance the FF&E Reserve Account? (Capital Hotel Management).
15. Dave, U., 1984, US multinational involvement in the international hotel sector - an analysis, Service Industries Journal 4, 48-63.
16. Denton, G. A., 1998, Managing capital expenditures: using value engineering, Cornell Hotel and Restaurant Administration Quarterly 39, 30-37.
17. Denton, G. A., and D. Yiankes, 2004, Planning and managing capital expenditures, in: P. Beals and G. A. Denton, eds, Hotel Asset Management: Principles and Practices (University of Denver and American Hotel & Lodging Educational Institute, East Lansing, MI), 195-214.
18. Dunning, J. H., and M. McQween, 1981, The eclectic theory of multinational production: a case study of the international hotel industry, Managerial and Decision Economics 2, 197-210.
19. Easterby-Smith, M., R. Thorpe, and A. Lowe, 2002, Management Research: An Introduction, 2nd edn (Sage, London).
20. Eyster, J. J., 1988, The Negotiation and Administration of Hotel and Restaurant Management Contracts, 3rd edn (School of Hotel Administration, Cornell University, Ithaca).
21. Eyster, J. J., 1997a, Hotel management contracts in the U.S.: the revolution continues, Cornell Hotel and Restaurant Administration Quarterly 38, 14-21.
22. Eyster, J. J., 1997b, Hotel management contracts in the U.S.: twelve areas of concern, Cornell Hotel and Restaurant Administration Quarterly 38, 21-34.
23. Ferguson, D. H., and T. I. Selling, 1985, Probability analysis: a system for making better decisions, Cornell Hotel and Restaurant Administration Quarterly 26, 35-43.
24. Field, H. M., 1995, Financial management implications of hotel management contracts: a UK perspective, in: P. J. Harris, ed., Accounting and Finance for the International Hospitality Industry (Butterworth-Heinemann, Oxford), 261-277.
25. Fontana, A., and J. H. Frey, 1994, Interviewing: the art of science, in: N. K. Denzin and Y. S. Lincoln, eds, Handbook of Qualitative Research (Sage, London), 361-377.
26. Goddard, P., and G. Standish-Wilkinson, 2002, Hotel management contract trends in the Middle East, Journal of Retail & Leisure Property 2, 66-71.
27. Guilding, C., 2003, Hotel owner/operator structures: implications for capital budgeting process, Management Accounting Research 14, 179-199.
28. Guilding, C., and D. Lamminmaki, 2007, Benchmarking hotel capital budgeting practices to practices applied in non-hotel companies, Journal of Hospitality and Tourism Research 31, 486-503.
29. Haast, A., G. Dickson, and D. Braham, 2005, Global hotel management agreement trends [Electronic Version], June, 1-24. [Retrieved 15 September 2009.] Available from URL:
30. Haast, A., A. Adler, M. Wynne-Smith, D. Gibson, A. Nair-Grepinet, J. Ottevaere, L. Leblebici, K. Van-den Brande, and K. Wales, 2006, The Hotel Ownership Pendulum in Motion (Jones Lang LaSalle Hotels, London, United Kingdom), 1-40.
31. Horwath & Horwath Ltd, 1988, Hotels of the Future: Strategies and Action Plan. (International Hotel Association, London).
32. Johnson, K., 1999, Hotel management contract terms: still in flux, Cornell Hotel and Restaurant Administration Quarterly 40, 34-40.
33. Jones, T., 1998, UK hotel operators use of budgetary procedures, International Journal of Contemporary Hospitality Management 10, 96.
34. Ladkin, A., and M. Riley, 1996, Mobility and structure in the career paths of UK hotel managers: a labour market hybrid of the bureaucratic model? Tourism Management 17, 443-452.
35. Litteljohn, D., 1991, Towards an economic analysis of trans/multinational hotel companies, International Journal of Hospitality Management 4, 157-165.
36. Litteljohn, D., and R. Beattie, 1992, The European hotel industry: corporate structures and expansion strategies, Tourism Management 13(March), 27-33.
37. Lynch, B., 2002, Maximising FM's contribution to shareholder value part 1: can the capital expenditure process for fixed assets be improved? Journal of Facilities Management 1, 48-56.
38. McBurney, D. H., 1994, Research Methods (Brooks/Cole, Pacific Grove, California).
39. Mellen, S., K. Nylen, and R. Pastorino, 2000, CapEx 2000: A Study of Capital Expenditures in the U.S. Hotel Industry (International Society of Hospitality Consultants, Alexandria, VA), 1-150.
40. Panvisavas, V., and J. S. Taylor, 2006, The use of management contracts by international hotel firms in Thailand, International Journal of Contemporary Hospitality Management 18, 231-245.
41. Phillips, P., 2003, Capital Expenditure in Hotel Chains: Implications for Corporate Structure, working paper (University of Surrey School of Management, Guildford).
42. Ransley, J., and H. Ingram, 2001, What is 'good' hotel design? Facilities 19, 79-90.
43. Reichardt, H. J., and D. C. Lennhoff, 2003, Hotel asset allocation: separating the tangible personality, Assessment Journal 10, 25-32.
44. Riley, M., and A. Ladkin, 1994, Career theory and tourism: the development of a basic analytical framework, Progress in Tourism, Recreation and Hospitality Management 6, 225-237.
45. Rushmore, S., 2002, Hotel Investments Handbook. [Retrieved 25 September.] Available from URL:
46. Rushmore, S., and E. Baum, 2001, Hotels and Motels-Valuations and Market Studies (Appraisal Institute, Chicago).
47. Schlup, R., 2004, Hotel management agreements: balancing the interests of owners and operators, Journal of Retail & Leisure Property 3, 331-343.
48. Smith, M., 2003, Research Methods in Accounting (Sage, London).
49. Smith Travel Research, 2003, Property and portfolio research, Hotel & Motel Management 218, 24.
50. Swing, R., 2004, Asset success hinges on relationship between owner, asset manager, GM. [Retrieved 18 September 2006.] Available from URL:
51. Turner, M. J., and C. Guilding, forthcoming, Hotel management contracts and deficiencies in owner-operator capital expenditure goal congruency, Journal of Hospitality and Tourism Research.
52. Wilder, J., 2004, Negotiating replacement reserve helps cash-flow issues, Hotel and Motel Management 219, 14.