BM414-Financial Decision Making-Level 4-Faculty of Design, Media & Management


Financial decision making is referred to as an effective process which is responsible for taking strategic decisions related with the stockholder's equity and liabilities of the organization. Financial decision making is very crucial for the sustainable growth and productivity of the company for a longer period. Financial functions consists of taking strategic decision related with the financial reporting, planning, controlling and monitoring. The key role of accounting is to focus on immediately managing the financial issues on a timely and systematic manner. The key function of accounting is to control cost, prepare budget, prevention of errors, preparation of financial statements, etc. Finance function is very crucial because it helps in determining the inflow and outflow of cash. The finance function can be categorized into long term, medium term and short term finance of the company.  The financial function is very crucial as it helps in effectively identifying the needs and sources of the finance and make various investment decision to ensure there is enough fund in order to carry out operations of the business.

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ALPHA limited company is a UK based manufacturing company which was founded in the year 1954. The company aids to focus on expanding its operations in the various parts of the UK.  ALPHA limited company integrates with effective management accounting techniques in order to perform efficiently. It makes various financial statement in order to make various financial, operating and investment decision regarding

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