Business Decision Making Report for Panini Ltd.

BM 414 Financial
Decision Making
Report

Table of Contents
Contents
INTRODUCTION...........................................................................................................................
TASK...............................................................................................................................................
Identify the functions related to finance and accounting departments.............................
PART B...........................................................................................................................................
Calculate the ratios...................................................................................................................
CONCLUSION.............................................................................................................................
REFERENCES............................................................................................................................

Introduction
Financial decision making is a decision made by the Finance Manager in
order to know about the finance matrix of the management. Financial decision
making mainly focuses on borrowing and allocation of funds. Funds can be arranged
by an organisation by two sources namely its own capital and from outside the
organisation (Abu-Rahma and Jaleel, 2019). In the following it explains about the duty
and responsibilities of Panini. Ltd. It also provides various accounting functions
performed and duties of the management. It also helps in determining the objective
and goals of the management. Further various ratios are calculated to know the
performance of Panini Ltd. And also advice on the various methods which helps in
improving the performance of the company.
TASK 1
Part a: Accounting and Finance departments
For each of the below two departments, you need to provide a brief
introduction, before you proceed to the analysis of each function.
The following two departments along with their functions should be covered:
1. Accounting department:
a) Financial accounting function: The element of bookkeeping the
monetary activity. This system helps in dealing with the past records of
the management. It further helps in arranging the past records for the
future plans and goals purpose. It also aids in managing the expenses
and monetary figures. There are few elements of bookkeeping:
It helps in keeping the monetary transactions of the organisation: This method helps
in mainting the association with the accounts and bookkeeping in order to know the
the records of the firm (Dilawar and et.al., 2021).
b) Management accounting function: management helps supervisor to
know the actual association between the management and association.
It helps in breaking, deciding, deciphering the data and convey the
information. Association helps in accomplish the goals of the
management.
c) Tax function: this function helps in knowing the implication and
consequences of the transactions and report those transaction to the
stakeholders which helps helps them to know what is going in the
organization.
d) Auditing function: Audit function is conducted by the auditor of the
company and ensures that all the financial statements are accurate
and truthful.
2. Finance department: