FINANCIAL REPORTING IN THE LODGING INDUSTRY FROM
          THE SEGMENT REPORTING ASPECT

                              Andor Pajrok, PhD Student
                                  University of Pecs,
                              pajrokandor@hotmail.com


ABSTRACT: Quality of accounting reporting system reflects the accomplished
development stage of the accounting information system and its ability to satisfy
different external and internal accounting information needs. One of the most
important sources of information about the efficiency of any business subject is
financial statements. The paper considers the financial statements reporting
requirements for the Lodging Industry, which are set in (beside of the IASB and the
FASB regulation) Uniform System of Accounts for the Lodging Industry (USALI).
The aim of this paper is to disclose possibilities of Segment Reporting in the Lodging
Industry enterprises to demonstrate the „true and fair view” of theirs financial
situation. For business transparency, the most important accounting information are
based on segment reporting standards. Enterprises in the Lodging Industry to satisfy
external and internal users needs have to set up theirs financial statements according
to requirements of IAS 14 and SFAS 131. Furthermore, USALI methodology has to be
adjusted to the real organizational structure and real information requirements of
particular company.

Keywords: the lodging industry, IAS

JEL Codes: M410