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Management Accounting Information for Decision Making in Merlin Entertainment plc

The aim of this unit is to help learners acquire knowledge, skills and techniques that will assist with management decision-making processes.

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Added on  2023-03-29

About This Document

This presentation discusses the management accounting tools used in decision making for Merlin Entertainment plc, including cost allocation report, budget report, variance analysis, ratio analysis, forecasting, and fund allocation report. These tools help in optimizing resource utilization, preparing strategies for forecasting, and improving the effectiveness and efficiency of the organization.

Management Accounting Information for Decision Making in Merlin Entertainment plc

The aim of this unit is to help learners acquire knowledge, skills and techniques that will assist with management decision-making processes.

   Added on 2023-03-29

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Finance and funding in travel and
tourism
TASK 2
Management Accounting Information for Decision Making in Merlin Entertainment plc_1
Management accounting information used in
Merlin Entertainment plc
For decision making regarding business
operations of the entity, following
information are required to be collected for
further operations as:
• Cost allocation report
• Budget report
• Variance analysis
• Ratio analysis
• Forecasting
• Fund allocation report
Management Accounting Information for Decision Making in Merlin Entertainment plc_2
Contd.
• Cost allocation report: It is helpful for cost
effectiveness and proper utilization of fund that affects
further business operations of Merlin Entertainments plc.
However, by preparing and maintaining this report,
effective cost for supplementing tourism services can be
set efficiently.
• Budget: It is one of the great management accounting
tool which is suitable for allocation of resources and
fund adequately. It is useful for profitability and
improving efficiency of Merlin Entertainments plc
through preparing strategies and planning procedures.
Management Accounting Information for Decision Making in Merlin Entertainment plc_3

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