Explanation of Management Accounting Information Used in Merlin Plc

FINANCE AND
FUNDING
TASK 2

2.1 Explanation of various management
accounting (MA) information which used in
Merlin Plc
 Management accounting is the system by which various kind of internal
business decisions are taken by the firm.
 Further, each and every kind of strategies also can be framed properly with
the help of this particular accounting method to improve its performance.
 The information which used by the Merlin Entertainment Plc in the
workplace related to management accounting are discussed below:

Financial statements
 The company prepares different types of financial accounts which
is supportive to know its financial position at the end of fiscal
year.
 In this basically four statements included which are like profit and
loss account, balance sheet, statement of changes in shareholder's
equity and cash flow statement.
 The Merlin Entertainment uses such management accounting
method to assess its position and performance in the industry in
terms of financials at the fiscal period ending.
 Moreover, profitability as well as liquidity position of the firm is
also analysed properly with the use of P&L and balance sheet.

Budgets
 Other information of MA used by the selected firm is
budget in which future financial data are estimated.
 Along with this, upcoming business performance in the
TTM industry is also predetermined by the
management.
 To frame budgets in the company, past financial
accounts are taken as a base.
 Through this method, MEP able to make future
strategies to meet with the agreed objectives and goals.