Management Accounting Information for Dalata Hotel Group plc

Explore how management accounting information is utilized by Dalata Hotel Group plc to make informed decisions, manage finances effectively, and enhance profitability in the hospitality industry.

INTRODUCTION
• Management accounting information refers to the management of
accounting plan of the organization and deciding the activities
according to the information.
• This helps the organization to smooth its accounting functions.
• This is discussed by considering the case study of Dalata hotel
group plc.
• Dalata Hotel group plc. is one of most renowned hotels in the
Ireland and UK’s hospitality industry.

MANAGEMENT ACCOUNTING INFORMATION
• The technique used by organizations and
managers to utilize the accounting information with
the motive of deciding better plans and schemes
for the organization is considered as management
accounting information.
• This technique is very useful for the companies in
travel and tourism sector.
• This technique will help the Dalata hotel group to
invest their funds effectively.

DIFFERENT TYPES OF MANAGEMENT
ACCOUNTING INFORMATION
• Management accounting information can be gathered in
following types:
• Forecasting
• Budgeting
• Variance Analysis and Cost Accounting
• Ratio Analysis
• Accounting for Decision Making

FORECASTING
• Companies such as Dalata hotel group can
management the information of accounting by
forecasting technique.
• This helps the organizations to process the planning for
future needs.
• This can be done by comparing the annual reports and
financial methods of the organization for the past years
and then measuring the rate of changes effectively.

BUDGETING
• This method will help the hotel management to design a method
that will describe the figures of future revenue. This helps the
organization to estimate the cost and liabilities that will involved
in the organization in future.
• This technique will help hotel in calculating the average of past
years and then estimating the financial data of the company for
the future regarding to the budget assigned to the development
of products and services.

VARIANCE ANALYSIS AND COST ACCOUNTING
• This methods will help the hotel to compare the
expenses incurred with the expenses budgeted.
• This method is based on the method of budgeting.
• This method helps the organization to maintain a
variable cost to be incurred in future.

RATIO ANALYSIS
• The method of ratio analysis is done at the time of financial
measurement.
• Hotel can use the technique to maintain its short term as well as
long term debts.
• Apart from this, many other ratios are calculated to determine
the effectiveness and efficiency of the organization.

ACCOUNTING FOR DECISION MAKING
• This technique makes the hotel to measure the trends and facts
and projects taken previously.
• Maintaining the data and following the trend helps the hotel
management to imporve their services and productivity that will
directly result in the increased profitability.
• Analyzing the trends faced by hotel in previous year will help
them to maintain th trends for future year.

USES OF MANAGEMENT ACCOUNTING
INFORMATION
• Management accounting information will help the hotel
management to:
• Forecast the future needs and trends
• Comparing between alternatives
• Taking effective decision regarding to the investment
• Designing the budget
• Analyzing the financial position of the hotel
• Evaluating the performance of the hotel

CONCLUSION
• Management accounting information helps the organization to maintain its financial
information by analyzing and taking relative decision and measures to improve the
performance of the hotel in terms of profitability and productivity.

REFERENCES
• Otley, D. and Emmanuel, K.M.C., 2013. Readings in accounting
for management control. Springer.
• DRURY, C.M., 2013. Management and cost accounting. Springer.
• Garrison, R.H., Noreen, E.W., Brewer, P.C. and McGowan, A.,
2010. Managerial accounting. Issues in Accounting
Education, 25(4), pp.792-793.
• Hülle, J., Kaspar, R. and Möller, K. 2013, "Multiple
Criteria Decision Making in Management Accounting and
Control?State of the Art and Research Perspectives
Based on a Bibliometric Study", Journal of Multi-Criteria
Decision Analysis, vol. 18, no. 5-6, pp. 253-265.