Submission Format: You will submit a report to demonstrate how financial accounting should be done and the functions of it. Vocational scenario: Organisation Multiple organizations are presented in the assignment brief. Role You are the newly appointed Chief Financial Officer of a company and your team is responsible for the preparation of financial statements. Assignment activity and guidance: You have been invited to make a report to a management board. In your report, your aim is to explain to the board of the value of financial & management accounting and the accounting techniques in informing decisions, maximising performance and helping to ensure long-term sustainable growth. Your report will cover: 1. 1 Examining the purpose and scope of accounting in complex operating environments. 1. 2 Critically evaluating the role of accounting in informing decision making, as well as meeting stakeholder and societal needs & expectations. 1. 3 Assessing the accounting function within the organisation in the context of regulatory and ethical constraints