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MTTM 5 Accounting and Finance for Managers inTourism | Quick Readable Notes For IGNOU Exam

MTTM 5 Accounting and Finance for Managers inTourism | Quick Readable Notes For IGNOU Exam

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MTTM 5 covers the fundamentals of accounting and finance tailored for managerial roles within the tourism industry, focusing on financial analysis, budgeting, and strategic financial management.
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  • Basics of accounting principles in tourism.
  • Financial analysis and reporting.
  • Techniques for budgeting in tourism.
  • Strategic financial management for tourism enterprises.
Category : MASTER‘S DEGREE PROGRAMMES
Sub Category : Master of Tourism and Travel Management (MTTM)
Products Code : MTTM-S2-5.35
HSN Code : 490110
Language : English
Author : BMAP EDUSERVICES PVT LTD
Publisher : BMAP EDUSERVICES PVT LTD
University : IGNOU (Indira Gandhi National Open University)
Pages : 100-130
Weight : 157gms
Dimensions : 21.0 x 29.7 cm (A4 Size Pages)



Details

MTTM 5 provides a comprehensive overview of accounting and finance concepts essential for managerial roles in the tourism sector. The course covers foundational accounting principles specific to tourism operations, financial analysis techniques, budgeting processes, and strategic financial management strategies. Students will learn to interpret financial statements, analyze financial performance, and make informed financial decisions to optimize resource allocation and enhance profitability in tourism enterprises.

Benefits of studying MTTM 5:

  • Foundational Accounting Knowledge: Understand essential accounting principles and their application in tourism.
  • Financial Analysis Skills: Learn to analyze financial data and prepare reports for decision-making.
  • Budgeting Techniques: Gain proficiency in budgeting processes tailored to tourism operations.
  • Career Advancement: Thorough coverage of the syllabus ensures comprehensive exam readiness and prepares students for managerial roles in the tourism industry.

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