Finance and Funding (Task 2).

Finance and Funding
(Task 2)

Cover content
• Introduction
• Objective
• Types of management accounting information
• Decision making by using MIS
• Conclusion
• References

Introduction
Finance is the major requirement in the travel
and tourism business which can be met by using
various sources.

Objective
The main objective is to collect the various
information that will be used for decision
making.

Types of management accounting
information
In business there are various types of information
that will be collected and they are:
• Financial statements
• Budgets
• Variance analysis
• Forecasts
• Break even analysis

Decision making by using MIS
In a business there are various decisions that are
made and for that the management accounting
information will be used by Merlin
Entertainment. Some of the major decisions are:

Continue..
• Trend analysis
• Investment decision
• Raising of capital
• Control of expenses
• Performance
measurement
• Solvency
• Price reduction

Conclusion
It can be concluded that better decisions will be
made with the help of management accounting
information and company will achieve its
objectives.

References
Becker, E., 2016. Overbooked: the exploding
business of travel and tourism. Simon and
Schuster.
Chaisawat, M., 2006. Travel and tourism
education in Thailand. Journal of teaching in
travel & tourism. 5(3). pp.197-224.
Sharpley, R., 2006. Travel and tourism. Sage.
Swarbrooke, J. and Horner, S., 2001. Business
travel and tourism. Routledge.

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