Finance and Funding in the Travel and Tourism Sector

FINANCE AND FUNDING IN TRAVEL AND
TOURISM SECTOR

INTRODUCTION
Management accounting plays an essential role in order to
provide the cruical information to the managers. It includes the
data and information related with day to day business
operations. In order to make appropriate business decisions,
managers required different types of management accounting
information. This presentation wil explain different types of
management information. In addition to this various decision
making tools are also going to consider in this presentation.

Management accounting information
 Management accounting information is used by the business
owners in order to run the business effactually.
 This information helps an organization to make sound
decisions in the business.
 However, there are different types of management
accounting informations available which are explained
further.
 This information is consider for the internal purpose where
the presentation does not matter.

TASK 2
2.1
 Different types of management accounting informations
used in Merlin Entertainment Plc are explained below.
 Financial statements : It is also known as balance
sheet through which the financial postion of the
coampny can be analysed.
 Management information system: Management
information system is a software in which the
coampny information are stored.

Conti.
 Budgets: Budget can be explained as the estimation of all
the expenses and income in the stated time.
 Variance analysis: It can be known as the tool of
budgetary control whcih helps in analysisn the current and
planned position of the business.
 Forcasts: This allows the company to predict the future
events. With the help of forcasting the management will be
able to take appropriate business decisions.

2.2
 Management accounting information for the decision
making tool for Merlin Entertainment Plc are stated below.
 Trends comparision
 New product and services
 Against set criteria
 Raising capital
 Investment
 Forcasting

CONCLUSION
 In context to above, it can be stated that management
accounting information is necessary for the growth of
business.
 This ensure the management to get appropriate business
decisions with a motive to attain the goals and objectives of
the stated company.
 Merlin Plc can use budgets and financial statements for the
analysis of the information so that it can be further used.

REFERENCES
 Galliers, R. D. and Leidner, D. E., 2014. Strategic
information management: challenges and strategies
in managing information systems. Routledge.
 Hanna, R. W., 2014. The adoption of performance
funding in higher education: A combination of
public policy, finance and politics.

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