Analysis of Finance and Funding for Travel and Tourism Sector

This report examines finance and funding within the travel and tourism sector, highlighting the importance of managing financial resources for effective service delivery. It discusses management accounting's role in appraising business costs and operations, aiding financial administrators in decision-making. Key management accounting information includes budgets, financial statements, variance analysis, and management information systems. The report emphasizes the utilization of this information for long-term and short-term planning, optimizing capital structure, and forecasting. It concludes that finance and funding are essential for a company's growth and development, supported by pricing strategies to attract customers. Desklib provides access to similar solved assignments and study resources for students.

Finance and Funding in the
Travel and Tourism
Sector
TASK 2

Table of Content
 Introduction
 Different kind of management accounting information which used in
tourism sector
 Utilization of management accounting information as a decision-making
tool
 Conclusion
 References

Finance and Funding

Introduction
In a business process, managing financial resources are highly essential.
Better and effective services are being provided to the customers and if they
fail to manage the monetary resources in effective manner then they have to
face many kind of obstacles

Travel and Tourism

Management Accounting
Management accounting can be stated as concept through which it can be
determined as appraisal of business cost and operations which mainly
supports financial administrator in applying financial or accounting report.
Owner of Dalata Hotel Group Plc follows various kind of management
accounting system as it helps in attaining aims and objectives in described
manner:

Different kind of management accounting
information which used in tourism sector
Below are some of the information of management accounting which can be
used by mentioned organisation for improving their performance:
 Budgets
 Financial statements
 Variance analysis
 Management information system

Management Information System

Management accounting information
There are various kind of motive of due to every kind of company follows
management accounting. This mainly provide assistance of mentioned
company for manufacturing up of goods and services along with
forecasting and planning of better resources.

Utilisation of management accounting information
as a decision-making tool
 Long term and short-term planning
 Optimum capital structure
 Role in management process
 Forecasting

Long term and short-term Planning
This kind of aspect mainly forecasts various business along with economic
events effectively. Through this, long and short term policies are being
made by company or plans , market situation is being analysed and thus
create effective strategies of marketing with utilisation of operational
approach.

Optimum Capital Structure
Funds can be raised by business organisation by the help of these resources.
Accountant can take capital from various kind of resources such like
Equity and liability. Enhancing the finance via debt provides tax
advantages at low kind of budget. In this, analysation is being done for
cost of sources, theories and profits.