FINANCE AND FUNDING IN THE TRAVEL AND TOURISM SECTOR STUDENT NAME: AZEB GEBREKIRSTOS STUDENT ID:14818 Executive Summary The business report mainly focuses on the mechanism of financing and funding in the travelling and tourism sectors. The report here give a brief introduction of the various topics regarding financial management in regards with the tourism industry. It further classifies the sections in to four learning outcomes where in the first part it analysed the importance of cost and its importance in decision making process. In the second part it focuses s on the different uses of management accounting and various tools in the tourism industry. In the next part it interpreted the financial accounting to assist decision making in business. And lastly it understands the different sources of funding for development of tourism sectors. It also attaches a brochure and a power point presentation in the last to visualize the accounting change in the industry. Table of Contents Introduction
Being one of the largest sectors in the industry, tourism and food sector industries has rapidly growing at a continuous pace for more than a half a century. One of the most vibrant and most thriving industries in the world, these two sectors has been one of the significant factors that have readily affected the economic growth, environmental factor and most importantly the investment sector. It has been since the booming sectors in the economy where large scale investment has been involved. The report helps us to acquire knowledge and technique which will assist with controlling of efficient decision making process in the tourism and food sectors. The report will emphasize the importance of cost that helps to generate huge profits in