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Finance and Funding in Travel and Tourism Sector Assignment - carnival corporation

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Added on  2020-10-22

Finance and Funding in Travel and Tourism Sector Assignment - carnival corporation

   Added on 2020-10-22

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Finance and Funding inTravel and TourismSector
Finance and Funding in Travel and Tourism Sector Assignment - carnival corporation_1
Finance and Funding in Travel and Tourism Sector Assignment - carnival corporation_2
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 (CARNIVAL CORPORATION & PLC)..........................................................................11.1 Importance of costs and volume in financial management of T&T......................................11.2: Analysing various pricing method that are being related with travel and tourism...............31.3 Factors that influence profit in travel and tourism businesses...............................................4TASK 2............................................................................................................................................52.1 Different types of management accounting information.......................................................52.2 Use of investment appraisal techniques as decision making tools........................................6TASK 3............................................................................................................................................73.1 Interpretation of financial accounts of The Fulham Shore plc..............................................7TASK 4..........................................................................................................................................114.1 Covered in Leaflet................................................................................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
Finance and Funding in Travel and Tourism Sector Assignment - carnival corporation_3
INTRODUCTIONTravel and tourism sector is consider to be one of the fastest growing sector, that help inthe growth of economy. In today's world funds are required by each and every company to runtheir daily business activity. In general, funding is defined as act of money that is engaged by theowner of business in order to buy share at a particular period of time. In travel and tourism,financial resource is made on practice of hotels services, restaurants, food corner, pubs,travelling agents, etc. In this report carnival corporation is selected which is one of the largesttravel leisure organisation in world (Travel and Tourism, 2016.). The second company in thisproject is Fulham Shore Plc.In this project importance of cost volume profit is addressed in the context of carnivalcorporation. Report also determine the management accounting information in the context ofFulham Shore Plc. The report shows the interpretation of financial account of Fulham Shore Plcand sources of distribution of fund to company in order to run different project. TASK 1 (CARNIVAL CORPORATION & PLC)1.1 Importance of costs and volume in financial management of T&TCarnival corporation Plc is one of the largest travel and tourism company across world. Ithas been developed when carnival corporation and carnival plc is combine together andestablished more than 100 vessel fleet across 10 cruise line brand. There are number of qualityservices provided by company and visitor make them feel comfortable according to theirspending capacity. Recently the manager of carnival corporation Plc are focused to control cost,increase volume of sales and maximise profit during an accounting year. Thus, travel and tourismindustry are working with several aspect linked through finance that are defined below: Cost: Cost is defined as the main part for growth of every company (Saha and Yap, 2014). Astour and travel company involve cost in their tour packages of different clients. So manager ofCarnival Corporation Plc consider cost as it help them to organise various tours and givingsuitable packages to clients. There are different types of cost that are discussed below:Direct cost: All those cost that are straight away connected with the impose by carnivalcorporation plc on cruise line and other services provided by to customer. 1
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