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 a very interesting and also critical aspect because it is
connected to the financial portion of the business, which is among the most important parts of a
company (Cai, 2020). As a result, it is critical to evaluate and interpret all of the variables that
are related to it in a very reliable, specific, systematic, and consistent way so as to create value to
a company’s long - term. Any business that operates in the current market climate, which is both
competitive and complex in nature, keeps a close eye on its finance department so that it can
assist in making appropriate and relevant decisions that will benefit the company in the long run.
The company studied in this study is SKANSKA PLC, which has been operating in the United
Kingdom for a long time and has thus accumulated a significant market share. This report
includes a thorough examination of all of the tasks, positions, and responsibilities that an
accountant and finance department employees perform for the company. Apart from that, the
study examines and calculates various types of ratios that are currently in use and are relevant
from a business standpoint, as well as providing an accurate and efficient understanding of the
same.
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
There are a variety of activities that are carried out in a business firm that are very
important because they aid in the betterment of the process as a whole, allowing it to better
sustain and withstand the current market climate, which is highly competitive and complex in
nature. It also benefits the company because it allows it to stay ahead of all of its competitors in a
similar market by assessing all facets of the industry in a way that adds to the firm's long-term
value. Accounting and finance are two principles that are very relevant for a business because
one helps in managing and keeping records and the other helps in making appropriate decisions
that can help the company expand and succeed in the market in which it operates. While the
other makes decisions about the firm's financial status and assists in the distribution of available
capital, all within a short time period and with complete consistency and effectiveness. As a
result, both factors play a critical role in carrying out the operations of the business, and their