Please do the necessary calculation first (in excel) before preparing the Budgeted Profit Statement. The Budgeted Profit Statement (in excel) must show the hotel’s revenue and the contribution by season (i.e. peak season, mid season and low season). In addition, your budget must show the contribution from each type of the hotel services (i.e. hotel rooms, hot snacks; restaurant and bar).
Define what you understand by the term, ‘Strategic management accounting’; critically evaluate any academic literature and refer to recent developments on the subject. You should include a detailed analysis of how the introduction of one technique (that might be considered to be a ‘strategic management accounting technique) could benefit the hotel
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