Development of Accounting Concepts to Overcome the Economic Crisis: A Case Study of the Indonesian Tourism Industry During the COVID-19 Pandemic

Authors

  • Loso Judijanto IPOSS Jakarta
  • Nindy Puspitasari Institut Bisnis dan Ekonomi Indonesia
  • Dyah Ayu Suryaningrum Universitas Sebelas Maret

DOI:

https://doi.org/10.58812/wsaf.v2i01.714

Keywords:

Tourism Industry, Accounting Practices, COVID-19 Pandemic, Adaptive Strategies, Indonesian Economy

Abstract

The global economy is facing previously unheard-of difficulties as a result of the COVID-19 epidemic, with the tourism sector being particularly hard hit. This qualitative study looks into how the pandemic's effects on the country's tourism industry have caused adaptive adjustments in accounting procedures. The study examines four major themes: the immediate economic impact on the sector, adaptive modifications in accounting methods, implementation obstacles, and the efficacy of these adaptive concepts. Thematic analysis and NVivo are utilized to gather in-depth interviews with fifteen stakeholders. The results show a landscape of financial transformation characterized by agile budgeting, scenario-based modeling, real-time reporting, and technological integration. Notwithstanding the achievements, problems including resource limitations and change aversion are noted. The research offers significant perspectives for companies, decision-makers, and scholars that aim to comprehend and manage difficulties in the travel and tourism sector.

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Published

2024-03-28

How to Cite

Judijanto, L., Puspitasari, N., & Suryaningrum, D. A. (2024). Development of Accounting Concepts to Overcome the Economic Crisis: A Case Study of the Indonesian Tourism Industry During the COVID-19 Pandemic. West Science Accounting and Finance, 2(01), 41–49. https://doi.org/10.58812/wsaf.v2i01.714

Issue

Vol. 2 No. 01 (2024): West Science Accounting and Finance

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Articles

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Copyright (c) 2024 Loso Judijanto, Nindy Puspitasari, Dyah Ayu Suryaningrum

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