Financial Decision Making: Functions of Finance and Accounting Departments, Sources of Finance, and Ratio Analysis

FINANCIAL
DECISION MAKING
Table of Contents

Contents
INTRODUCTION.....................................................................................................................3
TASK.........................................................................................................................................3
Identify the functions related to finance and accounting departments........................3
PART B.....................................................................................................................................6
Calculate the ratios..............................................................................................................6
CONCLUSION.......................................................................................................................11
REFERENCES.......................................................................................................................12

Introduction
Financial choice making is a choice made with the aid of using the Finance
Manager to be able to recognise approximately the finance matrix of the
management. Financial choice making specially makes a speciality of borrowing and
allocation of funds. Funds may be organized with the aid of using an employer with
the aid of using reasserts specifically its very own capital and from out of doors the
employer. In the subsequent it explains approximately the responsibility and
obligations of Panini. Ltd. It additionally gives diverse accounting features executed
and responsibilities of the management. It additionally allows in figuring out the goal
and desires of the management. Further diverse ratios are calculated to recognise
the overall performance of Panini Ltd. And additionally, recommendation at the
diverse techniques which allows in enhancing the overall performance of the
company (Afshar and Zenozi, 2021).
TASK 1
Part a: Accounting and Finance departments
For each of the below two departments, you need to provide a brief
introduction, before you proceed to the analysis of each function.
The following two departments along with their functions should be covered:
1. Accounting department:
a) Financial accounting function: The detail of bookkeeping the
economic activity. This device allows in handling the beyond facts
of the management. It similarly allows in arranging the beyond facts
for the destiny plans and goal’s purpose. It additionally aids in
coping with the costs and economic figures. There are few factors
of bookkeeping: It allows in maintaining the economic transactions
of the organisation: This technique allows in retaining the affiliation
with the bills and bookkeeping for you to understand the facts of the
firm.
b) Management accounting function: Management facilitates manager
to realize the real affiliation among the control and affiliation. It
facilitates in breaking, deciding, decoding the facts and bring the
information. Association facilitates in accomplish the dreams of the
control (Barth, 2018).
c) Tax function: This feature allows in understanding the implication
and results of the transactions and file the ones transaction to the
stakeholders which allows them to recognize what goes withinside
the organization.
d) Auditing function: Audit characteristic is performed with the aid of
using the auditor of the organisation and guarantees that everyone
the economic statements are correct and truthful.
2. Finance department: