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Question-1 - Scenario: 20 Marks Blue Ocean holidays runs several large leisure facilities which provide tourism services for the people of Oman. Main services provided by Blue Ocean holidays are related to water sport and sea adventure. Oman is a developing economy and tourism is considered to be high skill, high technology and high-status industry. Blue Ocean holiday has large amounts of capital tied up in expensive tour equipment such as boats and sea tour equipment and game fishing gear. Blue Ocean holidays maintain an inventory of expensive items used by game fishers and other sea voyagers. The existing systems for accounting for these items are traditional ones aimed at avoiding theft and obsolescence. Blue Ocean holidays has an inventory system that requires regular (weekly) physical checks of the items in inventory in order to update it. It is important that the right item must be easily accessible before a group of tourists start their sea journey. Also, the accounting staff at Blue Ocean holidays maintain a non-current asset register (NCAR) which logs the location of all major assets including boats, Kayaks and game fishing equipments. The problem with the non-current asset register is that it is often out-of-date as tour guides will take equipment in time of sea excursions and not properly log its new location. This often leads to equipment lying unused in one beach location while being searched for in another area, affecting the ability to provide good service to the tourist. You have been appointed as a Management accountant at Blue Ocean holidays, and you intended to enhance the performance of the group by using the new de pment in information management and reporting. Question-1 - Scenario: 20 Marks Blue Ocean holidays runs several large leisure facilities which provide tourism services for the people of Oman. Main services provided by Blue Ocean holidays are related to water sport and sea adventure. Oman is a developing economy and tourism is considered to be high skill, high technology and high-status industry. Blue Ocean holiday has large amounts of capital tied up in expensive tour equipment such as boats and sea tour equipment and game fishing gear. Blue Ocean holidays maintain an inventory of expensive items used by game fishers and other sea voyagers. The existing systems for accounting for these items are traditional ones aimed at avoiding theft and obsolescence. Blue Ocean holidays has an inventory system that requires regular (weekly) physical checks of the items in inventory in order to update it. It is important that the right item must be easily accessible before a group of tourists start their sea journey. Also, the accounting staff at Blue Ocean holidays maintain a non-current asset register (NCAR) which logs the location of all major assets including boats, Kayaks and game fishing equipments. The problem with the non-current asset register is that it is often out-of-date as tour guides will take equipment in time of sea excursions and not properly log its new location. This often leads to equipment lying unused in one beach location while being searched for in another area, affecting the ability to provide good service to the tourist. You have been appointed as a Management accountant at Blue Ocean holidays, and you intended to enhance the performance of the group by using the new de pment in information management and reporting