Detailed Report on Finance and Funding in Travel & Tourism Sector

This report provides an overview of finance and funding within the travel and tourism sector, emphasizing the role of management accounting information in effective decision-making. It highlights the objective of centralizing information, providing relevant data, enabling analysis, and forecasting revenue. The report details various types of management accounting information, including variance analysis, financial statements, budgets, forecasts, and break-even analysis, and how these are used in making informed decisions related to investments, capital raising, controlling expenditures, trend analysis, performance measurement, price reduction, and solvency. The conclusion emphasizes that utilizing management accounting information leads to better decision-making and the attainment of objectives within organizations like Merlin Entertainment. The report includes references to support its analysis and findings.

Finance and Funding In
Travel and Tourism Sector
(TASK 2)

Cover Content
 Introduction
 Objective
 Management accounting information
 Types of management accounting Information
 Use of MIS in decision making
 Conclusion
 References
 Thank You

Introduction
In business finance will be required to carry out the
operations in the most effective manner and for that
evaluation of various sources will be done with the help
of management accounting information.

Objective
The objective of this is collection of information by the use
of various techniques and then using it for making
decisions.

Management Accounting Information
This will be used as by it all of following will be made
possible:
 All information will be centralised.
 Relevant information will be provided.
 Analysis will be made possible
 Revenue can be forecasted with the use of them

Types of Management Accounting
Information
The different types of information that will be collected are:
 Variance analysis
 Financial statements
 Budgets
 Forecasts
 Break even analysis

Use of MIS in Decision-Making
Merlin entertainment will be required to take some
important decisions for which data will be needed which
will be known as management accounting information.

Continue
Many decisions can be taken by the use of them and they
are:
 Decision about investments
 capital raising
 controlling expenditures
 Analysis of trend
 measurement of performance
 Reduction of price
 Solvency

Conclusion
It is concluded that Merlin entertainment will be able to
attain its objectives as better decisions can be taken by
using management accounting information.

References
Becker, E., 2016. Overbooked: the exploding
business of travel and tourism. Simon and
Schuster.
Chaisawat, M., 2006. Travel and tourism
education in Thailand. Journal of teaching in
travel & tourism. 5(3). pp.197-224.
Sharpley, R., 2006. Travel and tourism. Sage.
Swarbrooke, J. and Horner, S., 2001. Business
travel and tourism. Routledge.

THANK YOU