Management Accounting in Dalata Hotel Group

Management
Accounting
Information

Table of content
• Part 2.1
• Financial statement
• Example of Balance
• Example of income statement
• Cash Flow
• Budget expenses
• MIS
• Dalata Hotel Group
• Part 2.2
• Forecasting
• Setting Price
• Conclusion
• References
• Thank you

Part 2.1
• Different type of management Accounting
Information Flow chart
Accounting
Financial Management

Financial Statement
• Financial statement includes various
records which are as follows:
• Balance sheet
• Income statement
• Statement Cash flow

Example of Balance- Dalata
2017

Example of Income Statement

Cash flow

Budget
Budget for the year 2017
€’000
Revenue 420000
Cost of Sales 180000
Gross Profit 240000
Administrative Expenses 12717
Other Income 700
Operating profit 227983
Finance Cost 11000
Profit Before Tax 216983
Tax Expenses 45566
Profit after tax 171417

Management Accounting System
Management accounting is done by the decision maker
and some of the internal managers. The internal
managers present the financial information in the
following points:
• Financial ratio
• Variance analysis
• Budget forecast
• Cost accounting

Dalata Hotel Group
• In travel and tourism industry, the accounting management is
an essential thing to balance the profitability of entire
business.
• Dalata Hotel Group plc has almost 33 three star and four star
hotels at different location which has around 7700 rooms.
• Dalata Hotel Group plc is the well known organization in the
travel and tourism industry.
• The accounting management is done for the financial
management in Dalata Hotel Group plc

Part 2.2
• Decision making tools
• Strategic- Budget and Balance score card.
• Tactical- Budgets
• Operational

Forecasting
• Budget forecast is the technique to take some
financial decisions in the Dalata Hotel Group plc.
• This organization is using the budget forecasting to
allocate the budget for the future of the organization.

Setting Price

Conclusion
• Management accounting is essential to manage the
funds and investments in Dalata Hotel Group plc. All
the budgets and funds will be analyzed in the
management accounting which is helpful for the
future reference of the organization.

References
• Barkauskas, V., Barkauskienė, K. and Jasinskas, E., 2015. Analysis of macro
environmental factors influencing the development of rural tourism: Lithuanian
case.
Procedia-Social and Behavioral Sciences, vol 213, pp.167-172.
• Mihalič, T., 2013. Performance of environmental resources of a tourist destination:
concept and application.
Journal of Travel Research, vol 52(5), pp.614-630
•Wilkinson, J. (2013). Budgeting vs Forecasting. [online]
strategiccfo. Available at:
https://strategiccfo.com/budgeting-vs-forecasting/ [Accessed 18 Jan. 2018].
•Sorin, B. and Carmen, S., 2012. The relevance of management accounting for the
hospitality industry.
THE ANNALS OF THE UNIVERSITY OF ORADEA, p.886.
•Lane, P. and Durden, C., 2013. Pricing decisions and the role of cost accounting
systems and cost information in tourism organisations.