Finance and Funding in the Travel and Tourism Sector

Finance and Funding in the Travel
and Tourism Sector

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Management information System:
 MIS collect all the information and system
and hardware that all work together to
produce the correct information for the
company.
 It help in decision making and through this
management system employees are able to
communicate their views to the outside of the
organization.
 It produces data reports which help the
management team to take correct decision for
a company.

P 2.1 different types of management
accounting information used in travel
organisation
Dalata Hotel Group is the largest hotel operator in
Ireland's who have four star hotel including 7700
rooms. The company uses different management
accounting information in order to know its
financial status such as financial statement,
budgets, variance analysis, Management
Information system, forecast and this are describe
below:

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 Financial Statement: this statement are
used to determine the exact financial status
of a company. This statement include three
basic statements such as
Balance sheet: it shows the net profit or loss
of a company and it shown asset and
liability side of a company and prepared in
last.