Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2002-07-09
Length: 6 pages
Data source: Field research
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Abstract
This is the simplified Chinese version of ''9B01B033''. Shanghai Eurotel Center Co Ltd is a joint venture formed by four parties from China, France (2) and Singapore to construct and operate a group of buildings including one five-star hotel, a luxury shopping center, some apartments and office space. After the first seven months of operation, actual profit of the hotel was under budget. The chief accountant, in preparing for a report for the board of directors, must decide how to resolve the problems with ambiguous accountability for operations, lack of appropriate performance measures and must analyze performance using flexible budgets.
About
Abstract
This is the simplified Chinese version of ''9B01B033''. Shanghai Eurotel Center Co Ltd is a joint venture formed by four parties from China, France (2) and Singapore to construct and operate a group of buildings including one five-star hotel, a luxury shopping center, some apartments and office space. After the first seven months of operation, actual profit of the hotel was under budget. The chief accountant, in preparing for a report for the board of directors, must decide how to resolve the problems with ambiguous accountability for operations, lack of appropriate performance measures and must analyze performance using flexible budgets.