Different Approaches to Effective Decision Making in Financial Management

FINANCIAL
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
P 1 Different formal and informal approaches to support effective decision making................3
LO2..................................................................................................................................................4
P2. Assessing key principles of financial management which company need to follow for
achieving financial strategies for long run financial sustainability.............................................4
LO 3.................................................................................................................................................6
P 3 Role of management accountant and their value to organization.........................................6
P 4 Use of accounting control system and their value to company............................................7
LO4..................................................................................................................................................9
P5. Evaluating ways in which the financial decision-making is crucial for supporting the long
term financial growth..................................................................................................................9
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14