Financial Decision Making: Functions, Roles, and Duties in Accounting and Finance

Financial decision
making

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Detailed identification and evaluation of the functions, roles, and duties that carriers a lot of
importance regarding accounting and financial part of the business...........................................1
TASK2.............................................................................................................................................3
Identification, analysis, and evaluations of the facts and figures of the company with its
interpretation................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Financial decision-making is both necessary and crucial, since it concerns the financial
portion of the company, the most important component of the company (Guo and Li, 2019). It is
therefore essential to analyse and evaluate all the variables connected with this so that they can
generate value in the long term in a very accurate, precise, systematic and consistent fashion.
Any organisation operating in the modern, dynamic and complex market environment keeps a
close eye on its finance department to help make reasonable and important decisions, which
support it over time. SKANSKA PLC, which has been operating in UK for a long time and thus
has a large market share, has been the study. The company studied in this study. This report
contains a careful review of all the roles, positions and obligations for the corporation carried out
by an accountant and financial department. Furthermore, the study discusses, measures and
accurately and efficiently understands the different forms of ratio currently in use that are
business-relevant.
TASK 1
Detailed identification and evaluation of the functions, roles, and duties that carriers a lot of
importance regarding accounting and financial part of the business
A range of activities in the company are very important because they help develop the
organisation as a whole and make it more sustainable and more resistant to today's highly
competitive and complex market environment. It also helps the company, since it enables it to
remain ahead in a similar market of all its rivals by analysing and evaluating all aspects of the
business in a way that adds value over the long-term. Accounting and finance are two concepts
which are very important for a corporation because one supports the administration and record
keeping and the other contributes to taking reasonable decisions which will enable the firm to
grow and prosper in its operating market (Hand, 2018). Whereas the other decides on the
financial position of the company and helps to distribute the available money, all of which will
be consistent and successful in a short span. In this way, the company SKANSKA PLC is
addressed in depth below on the two factors play the key role in carrying out the business'
operations and their positioning, duties and obligations.
Accounting- This is one of the most critical businesses to be engaged for a long time to stay
competitive on the market. It is considered primarily as a way to define, capture, summarise,