Management Accounting Information: A Vital Tool for the Travel and Tourism Sector

This report delves into the significance of management accounting information within the travel and tourism sector. It explores the role of management accounting as a decision-making tool, highlighting its importance in interpreting financial reports, forecasting trends, and achieving organizational goals. The report specifically examines the application of management accounting within the Dalata Hotel Group, showcasing how it assists managers in making informed decisions, solving financial problems, and ultimately contributing to the company's success. The benefits of utilizing management accounting information are discussed, emphasizing its contribution to cost reduction, sales growth, and overall organizational performance.

Table of Contents
 Unit-2 Finance and Funding in the Travel and Tourism Sector.
 Introduction
 Meaning of Management Information System
 Acts as a decision making Tool
 Kinds of Management Information System
 Significant to travel and tourism sector
 Importance to the Dalata Hotel Group
 Helping the managers
 Importance to the Dalata Hotel Group
Helps in attaining objectives
Benefits of the Management Accounting Information
Conclusion
References

Introduction
 This assignment consist a brief report on the
management accounting information. Every
travelling sector needs a management
accounting in their organization behavior.
 It provides the decision making to the
managers.
 It adds the value to
the business.

Meaning of Management Information System
 The management accounting information
interprets all the financial reports and final
accounts of the company.
 It as a decision making
tool to the managers.
 It provides the overall
growth and profits to the company.

Acts as a decision making Tool
 Provides decision making
to the managers of the
Dalata Hotel Group.
 Interprets all the
financial statements and
the budgets.
 Helps in accomplishing
organizational goals on
time.

Kinds of Management Information System
 Types of accounting
information are;
Budgets
 Cash flow forecasting
 Financial statements
 variance analysis
 MIS

Significant to travel and tourism sector
 It provides the
interpretation of all of the
final accounts. Through this
the managers can take the
decision making.
 Determines and achieves
that goals in the long term.
 helps the company in
achieving competitive
growth.

Importance to the Dalata Hotel Group
 It used to make all the
financial reports of this
company.
 Predicts the latest trend and
forecast the cash flows of the
company.

Helping the managers
 It helps the
managers in the
decision making.
 Solves the financial
problems and also
interprets the
financial statements
and the reports.

Helps in attaining objectives
 It works for achieving
objectives and
organizational goals.
 it used to forecast the
trends and the cash flow
forecasting.
 Deals the current issues
and provides the solutions
to the organization.

Benefits of the Management Accounting
Information
Provides overall growth
to the company by
reducing the cost of
production and increase
in sales.
 It used to measure and
evaluate the result and
performance.

Conclusion
This assignment is successful in providing the
brief knowledge of the management
information system. This information is useful
to the traveling companies.
The report provides the
learning towards the solution
for the financial problems.

References
 Khan, M.Y. and Jain, P.K., 2017. Management Accounting: 7/e.
McGraw-Hill Education.
 Kerzner, H. and Kerzner, H.R., 2017. Project management: a
systems approach to planning, scheduling, and controlling. John
Wiley & Sons.
 Booth, P., 2018. Management control in a voluntary organization:
accounting and accountants in organizational context. Routledge.
 Warren, C.S. and Jones, J., 2018. Corporate financial accounting.
Cengage Learning.
 Hoque, Z., 2018. Methodological issues in accounting
research. Spiramus Press Ltd.