Management Accounting and Finance for Decision Making Report

This report delves into the realm of management accounting and finance, offering a detailed examination of key concepts and their application in real-world scenarios. The report begins with an exploration of International Financial Reporting Standards (IFRS) and their significance in financial reporting, followed by a practical analysis of financial statements, including balance sheets and income statements. It also calculates and interprets crucial financial metrics such as working capital, common-size income statements, and various profitability ratios, like gross profit and net profit ratios. Furthermore, the report assesses the financial performance of Honey Badger Plc, providing insights into its financial position and decision-making processes. The analysis extends to strategic management accounting models and their roles at local and international levels, offering a holistic understanding of the subject matter. The report leverages financial data from 2018 to 2020 to evaluate the company's financial health, and the impact of various financial decisions. By examining these elements, the report provides a comprehensive overview of the financial landscape and how financial decisions impact business performance and decision-making.