Report on Management Accounting Practices at Dalata Hotel Group Plc
VerifiedAdded on 2024/04/25
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Report
AI Summary
This report provides an overview of management accounting practices within Dalata Hotel Group Plc, a prominent player in the travel and tourism sector with 33 hotels and 7700 rooms. It highlights how the finance manager utilizes management accounting for various functions including budget management (transportation, room maintenance, import/export), expense management, sales management (room service, transportation, tourist purchases), and fund management. The report further elaborates on the role of management accounting as a decision-making tool, focusing on finance and funding decisions, problem-solving strategies, and the use of financial statements (margin distribution, profit evaluation, transaction details) by investors and finance managers. Ultimately, the report concludes that management accounting is crucial for informed decision-making related to finance and funding within Dalata Hotel Group plc.
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