Finance in Travel and Tourism: Accounting, MIS, and Funding Analysis

This report explores the crucial role of finance within the travel and tourism sector, emphasizing the importance of management accounting and management information systems (MIS) in making informed decisions. The report examines the use of financial statements, budgeting, and variance analysis as tools for effective financial planning and control. It also highlights the application of MIS in various aspects, including capital raising, investment analysis, and expenditure control. The study concludes that a strong understanding of financial principles and the effective use of MIS are essential for the success and sustainability of businesses within the travel and tourism industry. This report provides valuable insights into the financial management of the sector, demonstrating how these tools can be used to improve performance and achieve strategic goals.

Finance and Funding in the Travel
and Tourism Sector
TASK 2.1 & 2.2

 Introduction
 Various types of management accounting information in
T&T
 Assessment of use of MIS as effective decision making tool
 Conclusion
 References
Covered content

Finance is an essential aspect of any business. It will
help travel and tourism to plan customers trip in more
effective manner. The prime motive of them is to earn
maximum profit from their little investments.
Introduction

Management accounting is contentious process which
is associated with the inside mangers of an
organisation. In order to experience growth it is
important that effective decisions are taken which can
be done with the help of tools of management
accounting.
Various types of management accounting
information in T&T

 Budget report
 Financial statements
 Variance analysis
 Forecasts
 MIS
Continue….

It includes the process of providing various information
regarding performance of business. This provides the
data to the management of Merlin entertainment, to
use for the purpose of making decisions.
Assessment of use of MIS as effective
decision making tool

 Capital raising
 Decision about investments
 Analysis of trend
 Controlling expenditures
 Measurement of performance
 Reduction of price
 Solvency
Many decisions taken by management
with the help of MIS

From this presentation, it has been found that travel
and tourism industry is able to operate without
having proper funds. There are various management
information system is being discussed in it. It also
help to determine that how they are useful in decision
making process by using MIS.
Conclusion

Smith, J.B., and et. al., 2011. Development and climate
change adaptation funding: coordination and
integration. Climate Policy. 11(3). pp.987-1000.
López-Espinosa, G., and et. al, 2012. Short-term
wholesale funding and systemic risk: A global CoVaR
approach. Journal of Banking & Finance. 36(12).
pp.3150-3162.
King, M. R., 2013. The Basel III net stable funding ratio
and bank net interest margins. Journal of Banking &
Finance. 37(11). pp.4144-4156.
References

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