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 the most important as well as crucial aspect as it is related with
funds of a firm that possess a lot of value in the current market scenario and thus have to be
analysed and evaluated in an appropriate manner so that it can add to the market value of the
firm (Aina, 2017). SKANSKA PLC is an enterprise that is geographically located in the UK and
is working in the industry since a pretty long time and thus has captured a large share in the
market and also enjoys a loyal customer base. It deals in construction engineering business since
1984. In this report there is a brief discussion of the accounting as well as financial factors of the
firm that is SKANSKA PLC and its duties, roles, and functions by using suitable examples.
Apart from this the report also covers an elaborated evaluation of the figures of the company.
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
All the activities of the organisation are done keeping one and only thing in mind that is to
achieve and accomplish the objectives and goals of the organisation that are set are the starting of
the company and that too within a limited period of time. Since growth and development of the
firm depends on all the aspects but accounting and finance is the most essential element in that as
they possess a lot of importance from the firm’s point of view. SKANSKA PLC’s functions,
roles, and duties and their importance are explained below in detail-
Accounting- It can be understood as a process of identifying different factors that are closely
related with the company either directly or indirectly so that it can add to the value of the firm in
the long run. It is regarded as a primary aspect as without it business cannot perform effectively
and efficiently (Al Ahbabi and Nobanee, 2019). SKANSKA PLC puts a lot of attention to it and
maintains a record so that it can prove beneficial in the near future and its functions, duties, and
roles are described below in detail-
 Functions- There are a number of functions that accounting performs and the main
functions are collection, analysis, identification, and recording of business transactions in
an appropriate manner so that all the activities can be directed towards achievement of a
similar goal. Financial data collection, report and entry are the main functions in small
businesses. SKANSKA PLC performs its functions in an accurate and precise way so that