Management Accounting Information and Financial Analysis of Dalata

Verified

Added on  2024/05/21

|1
|260
|126
Report
AI Summary
This report provides an analysis of management accounting information relevant to the Dalata Hotel Group Inc., focusing on its role in financial and operational decision-making. It highlights the significance of various management accounting reports, including budget reports, job cost reports, variance analysis, and financial statements, in providing both financial and non-financial insights crucial for internal stakeholders and managers. The report illustrates how this information supports investment decisions, performance benchmarking, new product development, and sales forecasting. Ultimately, the analysis underscores the importance of management accounting information for the Dalata Hotel Group Inc.'s strategic decision-making and global business growth, emphasizing the need for managers to leverage ratio analysis for informed investment and production strategies.
Document Page
Management accounting- Management accounting refers to the process of preparing
various accounts and reports that are helpful in the financial and decision making process of the
organization. Besides management accounting information provides information in both
manners : financial and nonfinancial which is essential for the internal members as well as
managers for sound functioning of financial system of the Dalata hotel group Inc.
Different types of
Management accounting
information
Budget report
Job cost report
Variance analyze
Financial statement
Use of management
accounting information as
decision making tool
It uses in the investment decision
of the managers
It is helpful in comparison with
the current trend
It uses in the development of
new products & services
It is also helpful for forecasting
of sales and production
Conclusion
Consequently, it can be said that the management
accounting information is significant for the
Dalata hotel group Inc. along with managers in
the decision making tools and growth of business
globally. It can be concluded that it is essential
for managers to find out the ratio analyses
between investment and production .al.
References
Influent, 2017. The Uses of Management
Accounting. [Online] Influent. Available at:
https://bizfluent.com/about-5549234-uses-
management-accounting.html [Accessed on:
April 06, 2018]
Invensis, 2015. What is Management Accounting
and its Importance. [Online] Invensis. Available
at: https://www.invensis.net/blog/finance-and-
accounting/what-is-management-accounting-and-
its-importance/ [Accessed on: April 06, 2018]
Management Accounting Information
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
[object Object]