Different types of management accounting information

FINANCE AND FUNDING
IN TRAVEL AND TOURISM
SECTOR

2.1 Different types of management
accounting information
Merlin Entertainment plc is an entertainment
company of Uk. It is wide spread has three
divisions of its business (Wooller, 2014). As a
management employee of the business, manages
financial system and practices would like to
express types of management accounting
informantion uses in the organisation.

Continued...
Management accounting information focuses
on internal managers and useful for
decision makers. It is a useful term to get
financial data to managers on basis of
which managers take decisions and make
further planning structure (Gatti, 2013).
There are different kinds of managemnt
accounting information uses in Merlin
Entertainment can segments as:-

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 Forecasting:- This tool includes in planning
structure. Aim of forecasting is to try to determine
the result of further operations through trend analysis
(Mohanty and et. al., 2012).
 Budgeting:- Budgeting is a vital technique of
financial sucess. Merlin Entertainment creates budget
makes easy to take any decision through predict size
of income and expenses about the structure of
allocation in monetary terms (Baumol and et. al.,
2012).