In this presentation, we will discuss types of Management Accounting Information. Accounting is the language of business

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Merlin Entertainments Plc

2. 
 Introduction
 Management Accounting
 Types of management accounting information
 Management accounting as a tool of decision making
 Comparison with trend
 Forecasting
 New product and service
 Investment decision
 Conclusion
 References help@hndassignments.co.uk
Table of contents

3. 
Travel and tourism sector is the fastest growing industry
in the service sector throughout the world. With the ease
of transportation, the growth rate of travel and tourism
business is increasing rapidly. With this the scope of
finance and funding requirements and their application is
also increasing. The sources of funds, investment in capital
projects etc. are the crucial decisions for any travel and
tourism business. The application of these methods and
analysis and interpretation of financial statements and
accounting information is included in this report.
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Introduction

4. 
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Management Accounting
Management accounting
provides the manager with the
accounting information in order
to make better decision within
the organization and helps them
in building control. It involves
preparing reports and accounts
that provide accurate and timely
financial and statistical
information to business owner
in decision making. The manager
uses accounting information to
build policies for the company.

5. 
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Types of management accounting information
 Budget repot
 Financial statement
 Variance analyze
 Job cost report

6. 

7. 
 Budget Report - The budget is a tool used by the management to
control the cost of the production. Budget provides with a roadmap
and the set of activity required to attain organization goals. The
manager can use it as a tool to compare the performance of the activity
with the budget to study the variance and take corrective action.
 Financial Statements - The manager of Merlin enterprise can use to
financial statement for the purpose of making informed decision for
the company on the basis of accounting information. The manager will
use the financial statement to perform financial analyze for the
purpose of decision making. The manager of Merlin entertainment
company can make the decision on the area where future investment
can be made on the basis of analyzing of financial information.
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Contd.

8. 
 Variance Analysis - The management of Merlin Entertainment
can use the variance analyze to compute the variation of actual
outcome from the targeted outcome. The manager should
examine the reason of variance and take appropriate measures
to control. The management should consider these variance
while preparing future budget.
 Job cost report - The manager of Merlin Entertainment can use
the job cost report to show the expenses and check the
profitability of all the project. With the help of job cost report
the manager can find unit which is making higher profit and
the unit which are incurring loss.
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Contd.

9. 
 Comparison with the trend
 Forecasting sales
 New product and service
 Investment decision
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Management accounting as a tool for decision
making

10. 
The management of Merlin entertainment can analyze
the trend by comparing the performance of various
year and make the future decision and plan on the basis
of those trends.
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Comparison with the Trend

11. 
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Forecasting
The manager of Merlin Entertainment company can
determine the future demand of the product on the
basis of analyzing the past data. The forecasting should
be done which helps in attaining company vision and
objective.

12. 
 The Manager of Merlin Entertainment company can
use the accounting information and can take a
informed decision on bringing new product.
 The management should study the current structure
of the business and based on it should introduce new
product or service.
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New product and service

13. 
The Merlin Entertainment company can decide the area
where investment should be made for the future
expansion of business. Through the use of accounting
information the manager can make the estimation of
cost and return from the new investment.
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Investment decision

14. 

15. 
It can be concluded that accounting information helps
The manager in making the informed decision related to
the business. The management can use the information
to create future business policies and goals for the
company. It also helps in building coordination between
the different activity of the organization.
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Conclusion

16. 
 Wu, C.H., Ho, G.T.S., Lam, C.H.Y., Ip, W.H., Choy,
K.L. & Tse, Y.K. 2016, "An online niche-market tour
identification system for the travel and tourism
industry", Internet Research, vol. 26, no. 1, pp. 167-185.
 Chang, K. 2015, "How travel agency reputation
creates recommendation behavior", Industrial
Management & Data Systems, vol. 115, no. 2, pp. 332-
352.
 Lozano, J., Arbulú, I. & Rey-Maquieira, J. 2016, "The
Greening Role of Tour Operators", Environmental
Management, vol. 57, no. 1, pp. 49-61.
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References

17. 
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