The Role of Accounting in an Organisation Accounting isn’t just about numbers—it’s the backbone of informed decision-making, strategic planning, and building trust with stakeholders and society. Why Accounting Matters in Complex Environments (P1, M1) In today’s fast-paced and globalised business world, accounting provides timely, accurate, and relevant information that helps organisations plan, control, and make strategic decisions (Atrill and McLaney, 2022). Organisations operating in multiple markets rely on frameworks like IFRS and SLFRS to produce consistent and comparable reports. This ensures credibility with investors, regulators, and other stakeholders (IASB, 2023). Accounting also allows organisations to identify risks, track resources, and respond to changing market conditions, which is essential for long-term sustainability (IFAC, 2020). Accounting and Decision-Making: The ...