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 really significant as well as critical aspect because it is related
to the financial portion of the business, which is among the most important parts of a company
(Andarsari and Ningtyas, 2019). As a result, it is critical to analyse and assess all of the variables
that are related to it in a very reliable, specific, systematic, and consistent way so that it can
create value to the 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 improvement of the organisation 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 analysing and assessing all facets of the industry in a way that adds to the firm's long-
term value (Blue, O’Brien and Makar, 2018). 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