Finance and Funding in the Travel and Tourism Sector - A Report

This report provides an overview of finance and funding within the travel and tourism sector, covering various aspects of management accounting information systems, financial statements, income statements, and cash flow analysis. It includes a discussion of Dalata Hotel Group PLC's financial performance, budget expenses, and the management information systems software used by the company. The report also touches upon decision-making tools, forecasting methods, and pricing strategies employed in the hospitality industry. It references Dalata Hotel Group's annual report and other relevant sources to support its analysis of financial management in the travel and tourism context, offering insights into strategic, tactical, and operational decision-making processes.

FINANCE AND FUNDING IN
THE TRAVEL AND TOURISM
SECTOR

TABLE OF CONTENT
 Different types of management accounting
information system
 Financial statement
 Income statement
 Cash flow
 Dalata Budget Expenses
 Management information system
 Management information system software
 Forecasting
 Setting of price
 References

TYPES OF MANAGEMENT
INFORMATION SYSTEM
• Financial Statement
• Budgets
• Variance analysis
• Forecasts

FINANCIAL STATEMENTS
It includes following parts:
 Profit and loss account
(statement of profit and
loss)
 Balance sheet( statement
of financial position)
 Cash flow statement
(statement of cash
inflows and outflows)

FINANCIAL STATEMENT OF DALATA HOTEL GROUP PLC
The financial
statement shows
the actual position
of the assets and
liability of the
organisation. That
helps in decision
making for
whether the
investor as well as
employee.

INCOME STATEMENT
The income
statement
shows the
actual income
that
organisation is
earning from
the different
sources.

CASH FLOW OF DALATA HOTEL GROUP PLC
Cash flow
shows that
cash
generating
through
different
business
activities.

BUDGET (EXPENSES) IN 2016-2017
The budget is the
predetermined
goals and
objectives
achieved by the
organisation at the
time of planning
by the executive.

MANAGEMENT INFORMATION SYSTEM

SOFTWARE USING BY
DALATA HOTEL GROUP PLC

DECISION- MAKING
TOOLS
Strategic – At
this level ,the
top
management
by making
policies by
using
financial
statements.
Tactical-At
this level
decision are
taken by
using report.
Operational-
at this level
individual
departmental
budget are
prepared.

FORECASTING
Forecas
t report
of
Dalata
hotel
group
plc