Unit 2 Finance and Funding in Travel Tourism-LEVEL 5

Unit Name -Unit 2 Finance and Funding in Travel Tourism

Unit Level -Level 5

Introduction

This assignment has used British Airways as the case study subject to bring out the various aspects of tourism financing, both conceptually and application-wise, so that we can get a clear view regarding the various modes and other matters which are essential for funding of tourism industry.

Task 1

Concepts of Cost, Volume and Profit:

Nature of cost

Costing methods

Discuss how the pricing strategies are adopted in the travel and tourism sectorusing the case study example.

Task 2

Role of Management accounting information in decision making

Objectives of Budgets

Importance of Budgets in Travel and Tourism (TAT) industry

Task 3

Optimising use of financial statement using appropriate ratios

Task 4

Identification of sources of finance for the company

Impact of source of finance on financial statement

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