Dalata Hotel Group PLC: Management Accounting Information Analysis

This report examines how Dalata Hotel Group PLC utilizes management accounting information to support strategic and operational decision-making. It covers various aspects including the levels of decision making (strategic, tactical, operational), types of management accounting tools (financial statements, forecasts, MIS, budgets, variance analysis), and provides examples of financial statements. The report highlights how management accounting information aids in forecasting, capital raising, new product development, issue resolution, and budget management within the Dalata Hotel Group. It concludes that management accounting is a vital tool for effective operations and decision-making, particularly in budget preparation and forecasting, ultimately contributing to the success of the business.

TASK 2
2.1 & 2.2
THE USE OF MANAGEMENT ACCOUNTING
INFORMATION USED BY DALATA HOTEL GROUP PLC

TABLE OF CONTENT
 INTRODUCTION
 MANAGEMENT ACCOUNTING INFORMATION
 LEVELS OF DECISION MAKING
 TYPES OF MANAGEMENT ACCOUNTING INFORMATION
TOOLS
 EXAMPLE OF FINANCIAL STATEMENTS OF DALATA
HOTEL GROUP
 USE OF MANAGEMENT ACOUNTING INFORMATION AS
DECISION MAKING TOOL
 SOFTWARE USED BY DALATA HOTEL GROUP PLC
 CONCLUSION
 REFERNCES

INTRODUCTION
• Dalata Hotel group plc is
Ireland’s largest hotel operators
• The main beliefs are
individuality, fairness, service
and people.
• It deliver excellent hospitality in
the hotel management services.
• It has its other brands too
namely Maldron Hotel and
Clayton Hotel in UK and Ireland.

MANAGEMENT ACCOUNTING
INFORMATION
In order to generate, defend, preserve and provide the
value to the shareholders the principles of accounting
management are applied at Dalata Hotel Group.
The information generated will be utilized for strategy
formulation and taking eff ective decisions by planning
and proper control.

LEVELS OF DECISION MAKING
• Strategic are usually taken
by the higher authorities
and board of directors.
External sources are relied
to gain information.
• Tactical decisions are
taken by the managers at
all levels in Dalata Hotel
Group
• Operational decisions are
taken by the workers and
the employees of the
organization. Internal
sources are used for
information.

TYPES OF MANAGEMENT
ACCOUNTING INFORMATION TOOLS
 FINANCIAL
STATEMENTS
 FORECASTS
 MIS
 BUDGETS
 VARIANCE
ANALYSIS

EXAMPLE OF FINANCIAL
STATEMENTS OF DALATA HOTEL
GROUP
INCOME STATEMENT- It shows the summary of the
income and expenditure of fi rm for a period of time. It
shows the profi tability of the fi rm for a period.
BALANCE SHEET- It shows all the assets and liabilities of
a business that measures the fi nancial position of the
business.
CASH FLOW STATEMENT- It is the statement that
summarizes the cash outfl ows and infl ows for a fi nancial
year.

USE OF MANAGEMENT ACOUNTING
INFORMATION AS DECISION MAKING
TOOL
• It renders information that supports the business
decisions of Dalata Hotel Group at all levels.
• It helps in making a comparison with the trends and
helps in forecasting the decisions
• It helps in raising the capital and develop new products
and services
• It discovers current issues and helps in resolving them
• It helps in analyzing profi tability, solvency and meeting
the budgets of Dalata Hotel Group