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Financial decision making assignment : Tesco Plc

   

Added on  2021-02-18

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Financial DecisionMaking
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1TASK 1............................................................................................................................................1LO1 Explain Structure and terms which is used in financial statements.....................................1LO2 Management accounting techniques for planning, control or decision making..................4TASK 2............................................................................................................................................5LO3 Calculate the Ratios.............................................................................................................5CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONFinancial decision making is the process which is taken by the top management people ofthe organisation on behalf on their stakeholders (Agarwal and et.al., 2014). This process includethe different types of responsibility and liabilities related to the business to fulfil their financialgoals as well as build strategies to suffer from various risk. Basically it involves the 3 majordecision such as investment, dividend policy and financial decision. In this report Tesco Plc ischosen for the better understanding of these concepts which is a UK based multinationalcompany. This company deals in Groceries & General merchandise items and founded in 1919by John Cohlen. This report covers various topics such as structure & terms used in financial statements,apply management accounting techniques for the planning, control and decision making. Inaddition, calculate the accounting ratios and explain their significance use. MAIN BODYTASK 1LO1 Explain Structure and terms which is used in financial statementsOverview of organisation:Tesco Plc is the UK based multinational company founded by John Cohlen andestablished in 1919 which deals in general merchandise and groceries items with headquarter inWelwyn Garden City, UK. Currently Tesco expand their business globally and have operationswith 11 other countries. Total number of employees are approx. 460,000 and annual turnover is £1,208 million in 2018. In addition, current market share of the company is 27.4% (Tesco Plc,2019).There is a SWOT analysis of the organisation which complete the internal as well asexternal analysis of the company and it is mentioned below:StrengthWeaknessesTesco won various awards regardingtheir excellence performance in productquality, customer service & shoppingexperience (Arnold, 2012). Some of the Tesco's operations notperforming well such as TESCOfinance impacted during the creditcrises.1
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