Finance and Funding in the Travel and Tourism Sector

This study explores the financial management, budgeting, cash flow, and decision-making tools in the travel and tourism sector. It covers topics like income statements, balance sheets, forecasting, and pricing strategies.

Finance and Funding in the
Travel and Tourism Sector

Different types of management
Financial management
Example of the Dalata balance sheet
Example of income statement
Cash flow
Budget
Management information
Software in Dalata
Forecasting
Setting prices
Reference
Table of Content

There are different types of management accounting
information in the travel and tourism sector and types
of the management is following:
 Forecasts.
 Financial statement.
 Budget.
 Sales information.
Different types of Management

The financial statement is
type of record which is used
to maintain the financial
activity. It is used by the
government. The best
examples of the financial
statement is income
statement.
Financial Statements

Example of Dalata Balance sheet
2017

The income statement is used to maintain the record
which is related to the income. Some example of the
income statement are:
 Corporative income statements.
 Single step income statement.
 Classified income statement.
Example of Income Statement

 The cash flow is outgoing
and incoming of the cash in
the organization. it is used to
represent the operating
activity in the organization.
 It is to used to maintain
cash related records.
Cash Flow

 The budget is process
which is used to create
estimate of the cash and
fund in the organization.
 It is used to create different
plans for achievements.
 It provides solution in
different conditions.
Budget

The management system
is a type of system
which is created by
different computer and
other devices to
maintain the information
which is related to
organization.
Management information
system

 Grace soft is used in
the Dalata
organization for the
security of the data
and information.
 It is used to provide
security for
information and data.
Software used by Dalata

The decision making tools can be used in the travel
and Tourism business. Some decision making tools
are following:
 Forecasting.
 Investment.
 New services and product.
Decision-making tools

The forecasting is process for estimating the future
with different condition.
 Cash flow forecast.
 Balance sheet forecast.
 Control flow forecast.
Forecasting

Setting price

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 Hong, T., Pinson, P. and Fan, S., 2014. Global energy
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 De Wilde, P., 2012. Politicisation of the EU budget:
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Sciences, 2(7), p.405.
References