Current assets

Non-current

Current liabilities

Non-current liabilities

Equity

Income

Expense

The study’s findings are expected to help the government, the restaurant sector (e.g. Korean
restaurantsin Sweden) and tourism marketers (e.g. Korean destination marketing organizations) for
policy making and improving their positioning strategies for both local consumers and potential
international tourists who are interested in food-induced travel activities in Korea.

ACCOUNTING
Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction
occurs rather than when payment is received or made. The method follows the matching principle, which
says that revenues and expenses should be recognized in the same period. Cash accounting is the other
accounting method, which recognizes transactions only when payment is exchanged.