Finance & Funding in the Travel & Tourism Sector

Finance & Funding in the Travel & Tourism Sector

  1. Unit level: 5
  2. Unit Code: J/601/1742
  3. GLH: 60
  4. Credit value: 15
  5. Unit grading structure: Pass
  6. Assessment guidance: Assignments in accordance with awarding organisation guidance
  7. Unit Aims:
    This unit aims to develop learners understanding of the issues organisations face operating within a global context. This understanding will allow learners to review the issues currently impacting on businesses. Learners will base some of their work around businesses in a chosen national context.
  8. Learning Outcomes
    1. Understand the importance of costs, volume and profit for management decision-making in travel and tourism
      • Explain the importance of costs and volume in financial management of travel and tourism businesses
      • Analyse pricing methods used in the travel and tourism sector
      • Analyse factors influencing profit for travel and tourism businesses
    2. Understand the use of management accounting information as a decision-making tool in travel & tourism businesses
      • Explain different types of management accounting information that could be used in travel and tourism businesses
      • Assess the use of management accounting information as a decision-making tool
    3. Be able to interpret financial accounts to assist decision-making in travel and tourism businesses
      • Interpret travel and tourism financial accounts
    4. Understand sources and distribution of funding for public and non-public tourism development
      • Analyse sources and distribution of funding for the development of capital projects associated with tourism