Finance and Funding Report: Analysis of Merlin Entertainments Task 2

This report provides an analysis of Merlin Entertainments' finance and funding strategies. It examines the use of management information tools, particularly in relation to travel services, and how these tools are used to automate processes and improve efficiency. The report discusses the division of tasks and responsibilities, the use of management information reports, and the importance of scheduling and reporting. It also explores the company's approach to budgeting, cost reduction, and the prediction of future sales and income. Furthermore, the report highlights the importance of market analysis, trends, and patterns in the hospitality industry. Finally, the report includes a list of references that support the findings.

Finance and funding

MERLIN ENTERTAINMENTS

TASK 2

2.1 Management information tool
Travel management information tool
It helps to automate their travel related service
The division of several departments by assigning tasks and
defining roles and responsibilities.
Logging into GSA travel by using management information
reports are supplied to the travel supervisors
Scheduling of each and every tasks which can be completed
within prescribed time periods
Preparation of GHG reporting spreadsheets which includes all
kind of reporting framework while working in this entity.

Cont.....
This travel related services provided by Merlin
entertainments will provide various kinds of services
which will cover under the same category which are
given as below:
 Travel management
 Policy and procedures
 Conference planning
 Strategic sourcing

Budget
 Predict the sales and incomes generated an
entity in near future
 Minimising their all kinds of expenses which can
be incurred in an entity.
 It is essential element of decision making.

2.2 Use of management information
tools
 Major concern of management is to reduce all
kinds of costs
 It induces the amount of profit.
 It helps in aligning their team goals in a closely
connected chain

Different factors
Trends and patterns
 Market survey
 Analysing trends and patterns of the hospitality
industry to transform their products and
services
Prediction
 Design all the future targets

REFERENCES
Abbasi, H., 2014. Role of Management Accounting Information System
in Organizations. Journal of Business and Innovation 2(1). pp.96-102.
Ahrendsen, B. L. and Katchova, A. L., 2012. Financial ratio analysis
using ARMS data. Agricultural Finance Review. 72(2). pp.262-272.
Bhowmik, S. K. and Saha, D., 2013. Sources of Finance. In Financial
Inclusion of the Marginalised (pp. 61-71). Springer India.
Brigham, E. F. and Ehrhardt, M. C., 2013. Financial management:
Theory & practice. Engage Learning.
Dollery, B. E., Kortt, M. A. and Grant, B. J., 2013. Funding the Future:
Financial sustainability and infrastructure finance in Australian Local
Government.

THANK YOU