International Journal of Multidisciplinary Research and Practical Reviews (IJMRPR)
ISSN:3048-5509 (Online)

Abstract


Shilpa B Revankar

Teaching Assistant

Department of Tourism Administration

Karnataka Arts and Commerce College, Dharwad, Karnataka

Keywords: Tourism industry, Financial accounting, Tourism business, Financial transactions.

ABSTRACT

This research paper explores the critical role of financial accounting in the success of tourism businesses, with a particular focus on Sumeer Tours and Travels. The study delves into various financial accounting practices such as financial reporting, revenue recognition, cost management, and budgeting. By examining the financial statements and accounting strategies of Sumeer Tours and Travels, the paper highlights how effective financial management contributes to the company's financial health, transparency, and long-term sustainability in the competitive tourism industry.

PUBLISHED

19-07-2024

ISSUE

Volume -1 Issue - 5,July 2024

SECTION

Research Article