Finance and Funding in the Travel and Tourism Sector

Finance and Funding in the
Travel and Tourism
Sector
TASK 2

Table of Content
 Introduction
 Different kind of management accounting information which used in
tourism sector
 Utilization of management accounting information as a decision-making
tool
 References

Introduction
Significance of management accounting information is increasing day by day
as this help organizations in take better decision related with investment of
funds. This presentation contain information about how Dalata hotel can
improve its effectiveness and organizational efficiencies.

Different kind of management accounting
information which used in tourism sector
Below are some of the information of management accounting which can be
used by Dalata hotel for improving their performance:
 Budget report
 Financial statement
 Forecasts
 Variance analysis
 Management Information System

Utilisation of management accounting information
as a decision-making tool
Concept of management accounting information is an important one as this
provide data related with performance of business. This enhance
effectiveness of decision making process and help firm in achieve its end
goals in an effective way.

Contd...
Below is the assistance provided by MIS:
 Compare with the trend
 Forecasting sales
 New product and service
 Investment decision
 Raising capital

References
Morrison, A.M., 2013. Marketing and managing tourism destinations.
Routledge.
Murphy, P.E., 2013. Tourism: A community approach (RLE Tourism).
Routledge.
Nielsen, H. and Spenceley, A., 2011. The success of tourism in
Rwanda: Gorillas and more. Yes Africa Can: Success Stories from
a Dynamic Continent, pp.231-249.

Thank You