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Role of Accounting and Finance Function in an Organization

   

Added on  2020-12-30

15 Pages3926 Words469 Views
Financial Decision Making
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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Role of accounting and finance function in an organization.......................................................3MAIN BODY ..................................................................................................................................5TASK 2............................................................................................................................................7Ratio Calculation and Interpretation and Analysis of the Performance of Alpha Limited.........7CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12Books & Journals......................................................................................................................12
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INTRODUCTIONThe accounting and finance department plays a crucial in leading the company's growth.It typically includes various functions such as planning, auditing, accounting, summarizing andcontrolling the company’s finances (Yee and et.al., 2017).This study will include a brief introduction and SWOT(strength, weakness, opportunities andthreats) analysis of Alpha limited, role of accounting and finance department in the organizationunder which some points are covered in accounting department that is financial accounting,management accounting, Tax function, auditing function, and under the finance department thesepoints are covered that is investment function, financing function, dividend function and workingcapital function. Further it will calculate return on capital employed, net profit margin, currentratio, debtor's collection period and creditors payment period (Booth, 2018).TASK 1Role of accounting and finance function in an organizationIntroductionAlpha limited is a manufacturing company in United Kingdom, established in 1954.Alphalimited deals in manufacturing fabricating sheet metals in UK. It is one of the leading industries,
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which supplies sheet metal fabrication to the various manufacturing sectors, the company is alsoplanning of expanding its operations in next ten years. Alpha manufacturing limited has over 100people working for the company (Busco, and Quattrone, 2015). The SWOT analysis of the Alpha limited: StrengthEffective fabrication services.Implementation of advancedtechnology. WeaknessDealing in only a particular type ofservice.Various competitors with updatedtechnology.OpportunitiesExpansion the business globallyEnvironmentally friendly plantsMerger ThreatsGovernment policiesincrease in taxation policiesEnforcement of environmental lawsCompetitors StrengthThe strength of the company is that the fabrication services which the company isproviding are extensive and they implement the most advanced computer aidedtechnologies (Crowther, 2018). The fabrication services are available at the Alpha manufacturing company is extensive,as they provide nationwide delivery which is a strength for the company.WeaknessDealing in only sheet metal fabrication could be considered weakness as the company isonly specialized in one sector and the entry of a strong competitor can beat the company. OpportunitiesOpportunities with the Alpha limited is that they could expand their business in variouscountries and it could give the company to cover the market worldwide. Merger with the innovative company or any other bug company could be a greatopportunity for the company to expand its operations.Threat
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