BTEC HND: Finance and Funding in Travel & Tourism Sector Report

This report examines finance and funding within the travel and tourism sector, focusing on management accounting information's role in decision-making, utilizing Merlin Entertainment PLC as a case study. It discusses various management information types such as budget reports, financial statements, variance analysis, and forecasts, highlighting the importance of a Management Information System (MIS) in providing strategic feedback. The report emphasizes how management accounting information aids in comparing current trends, forecasting sales, making investment decisions, and raising capital. It concludes that the travel and tourism industry is a critical source of attraction, enabling people to explore diverse regions and historical sites.

Task 2
FINANCE
AND
FUNDING

Cover Content
• Introduction
• Different management information used
in tourism sector
• Different type of management accounting
• Management Information System
• Decision making tool
• Conclusion
• References

Introduction
Finance is the most imperative tool for the
business survival. As, this requires to operate
business in an effective manner. Adequate finance
are required to operate the business in an effective
manner and guide them to attain its predetermined
targets.

Different management information used
in tourism sector
Management accounting information is very
useful in any king of business because it is
related to the internal management and people
who make decisions for any organization.

Different type of management accounting
information for
Merlin Entertainment PLC
• Budget report
• Financial statement
• Variance analysis
• Forecasts

Management Information System
This is a tool which mainly focus on any
business process and information technology. In
Merlin Entertainment PLC, main purpose of
using management information system is to
provide reviews and feedbacks which help in
determining the performance of company that is
useful for strategic management level.

Management accounting information as a
decision making tool
• Comparison with the current trend
• Forecasting sales:
• New product and service
• Investment decision making
• Raising capital

Conclusion
From the above mentioned report, it is observed
that travel and torus is critical wellspring of
fascination for individuals by utilizing this
implies individuals can profit different zones,
areas and other verifiable spots.

References
Ritchie, J.B., Amaya Molinar, C.M. and
Frechtling, D.C., 2010. Impacts of the world
recession and economic crisis on tourism: North
America. Journal of Travel Research.49(1). pp.5-
15.
Spenceley, A. ed., 2012. Responsible tourism:
Critical issues for conservation and development.
Routledge.

Thank You