Sample on Finance and Funding

Introduction to Finance and Funding

Travel and tourism industry has contributed a lot to the world`s economy in terms of high contribution in GDP. The application of financial management is seen to be crucial within the business environment in determining cost and taking pricing decisions. This unit is focused towards the case of Merlin Entertainments, a leading entertainment company of United Kingdom. As per the given information, company operates around 110 attractions in 23 countries across four continents (Merlin Entertainments, 2016). The present report explains about the importance of costs and volume in financial management of travel and tourism businesses as well as the pricing methods that are used in this sector. However, the next section of study represents the different types of management accounting and the use of management accounting information as a decision making tool in travel and tourism businesses. Factors that are influencing the profit of tourism entrepreneurs specially to Merlin Entertainments Plc are also explained. In addition, case study of The Restaurant Group plc, a leading restaurant company is taken into consideration for interpreting financial accounts to assist decision making in travel and tourism businesses. At last, final section represents the sources and distribution of funding for public and non-public tourism development.