Application of Management Accounting Information in Business

This report provides an overview of management accounting information, highlighting its importance as a decision-making tool within organizations. It details the key components of a training package designed to motivate employees and align their skills with organizational objectives. The report explores various tools of management accounting information, including financial statements (cash flow statements, balance sheets, statements of changes in equity, and statements of profit and loss), budgeting, variance reporting, and ratio analysis. It further illustrates the practical application of management accounting information within Dalata Hotel Group Plc, focusing on how Dalata Management Services (DMS) utilizes financial data for strategic decision-making in areas such as finance, marketing, sales, revenue management, and property management. The report concludes by emphasizing the role of systematized management accounting in resolving financial problems and enabling strategic business operations.

MANAGEMENT ACCOUNTING
INFORMATION

TABLE OF CONTENTS
 Meaning of training package
 Factors to be considered in training
package
 Management accounting information
 Tools of management accounting
information
 Financial statements
 Application of management accounting
information in Dalata Hotel Group Plc

TRAINING PACKAGE
 Training package contains the training module
to serve the needs and requirements of
personnel working at different levels.
 Such package helps to motivate the
employees so that they perform their duties.
 Such package needs to be present in every
business enterprise, whether service oriented
and manufacturing concern.

FACTORS TO BE CONSIDERED IN TRAINING
PACKAGE
Factors to be considered during formulation and
preparation of training package:
 Skills of the employees or personnel
 Job role on which an employee has been recruited
and selected.
 The organisational objectives that need to be
accomplished or achieved
 Need of external field expert in providing training.
 Evaluation of various tour packages that can be
provided.

MANAGEMENT ACCOUNTING
INFORMATION
Management accounting information is the presentation of
information or output derived from the application and
implementation of management accounting information.
This will help the top level or strategic level to take strategic
decisions correctly and accurately. Thus, management
accounting information act as a decision making tool during the
implementation stage.

TOOLS OF MANAGEMENT ACCOUNTING
INFORMATION
 Financial statements
 Budgeting
 Variance reporting
 Ratios analysis

FINANCIAL STATEMENTS
Documents comprising the financial
statements:
 Cash flow statements
 Balance sheet
 Statement of changes in equity
 Statement of profit and loss

APPLICATION OF MANAGEMENT ACCOUNTING
INFORMATON IN DALATA HOTEL GROUP PLC
 Dalata Management Services (DMS) is a
subdivision of Dalata Hotel Management
Group engaged in the provision of many
services namely, finance, marketing and
sales, revenue management, property
management and project development along
with other prominent functions and services.

MANAGEMENT ACCOUNTING INFORMATION AS A
DECISION MAKING TOOL
 A systematised application of
management can not only resolve
financial problems but also help to
perform the business operations in a
strategic manner.

REFERENCES
 Malíková, O. and Brabec, Z., 2012. The influence of a
different accounting system on informative value of
selected financial ratios. Technological and economic
development of economy, 18(1), pp.149-163.
 Salehi, H., Ansari, F., & Rezaie, H., 2014. Economic
Benefit and the Analysis of Cost, volume, and profit
(CVP). International Journal of Basic Sciences &
Applied Research.