Financial Decision Making: Role of Accounting and Finance in Business

FINANCIAL DECISION MAKING

EXECUTIVE SUMMARY
The project sums up the decision-making on the grounds that the financial results are
evaluated appropriately. The report outlines the role of accounting and finance in the
management of specific facets. As well as the second reporting task outlines the estimation of
different forms of factors and the financial status assessment of relevant companies. On this
basis, it can be summed up that in 2018 the efficiency of Alpha limited company is increased
compared to 2017.

Contents
EXECUTIVE SUMMARY.........................................................................................................................2
INTRODUCTION.......................................................................................................................................4
MAIN BODY..............................................................................................................................................4
Task 1......................................................................................................................................................4
TASK 2...................................................................................................................................................8
CONCLUSION.........................................................................................................................................11
REFERENCES..........................................................................................................................................12

INTRODUCTION
The word "financial decision making” can be described as the decision-making process
for all investors, liabilities and other financial operations within a company (Kubilay and
Bayrakdaroglu, 2016). In the end, financial decisions will be made appropriately by businesses
as any misconception will have an effect on growth and profitability. Therefore, corporations
make financial choices on the basis of an accurate review of their financial results. The project
report is divided into two parts; the first one details the function of accounting and finance for
businesses. The second task is to calculate and view Alpha limited company financial details
with various kinds of ratios. In first task for report, a company has been chosen that is Mark and
Spencer. Marks and the Spencer Group plc (commonly referred to as M&S or Marks & Sparks
commonly) is a large UK international chain, with its head office, London, England. M&S was
established in 1884 by Michael Marks and Thomas Spencer in Leeds. M&S has actually 959
shops all over the UK. The firm is registered in the London Stock Exchange and is a part of the
FTSE 250 index, and has been of the FTSE 100 Index since year 2019.
MAIN BODY
Task 1
Define Accounting and Finance Department:
Accounting department- It is a department that files the annual accounts, manages the admin,
billing payments, consumers paying, payroll, expense accounting, financial reports, etc. The
director of accounting is known as the controller.
Finance department-The financial part of a business is managed by this department. Within a
finance department, the planning, organization, auditing, accounting and finance reporting of the
company is usually carried out in the business. The Ministry of Finance also issues the annual
accounts (Lichtenberg, Ficker and Rahman-Filipiak, 2016).
Importance of Accounting and Finance Department: