Financial Management Assignment: Tesco Plc

Added on - 21 Feb 2021

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FinancialManagement
ContentsINTRODUCTION................................................................................................................................1TASK.................................................................................................................................................1Relationship between corporate objectives, financial objectives and corporate strategy:..1Manner in which government economic policy interacts with business planning and decision-making:...................................................................................................................................2CONCLUSION....................................................................................................................................4REFERENCES.....................................................................................................................................5
INTRODUCTIONIn present business era, for every corporation financial management is crucial task. Thisis a method of scheduling, coordinating, maintaining and analysing financial resources andmonetary funds to accomplish corporate objectives as well as targets. It's an effectiveprocedure for monitoring a firm's fiscal activities like fund acquisition, utilisation of funds,reporting, payments, risk management, and other tasks related to fiscal resources (Karadag,2015). The study evaluates relationship among corporate objectives, corporate strategy andfinancial objectives in context of Tesco Plc. Report also provide explanation about howgovernmental economic policy interacts with business decision-making.TASKRelationship between corporate objectives, financial objectives and corporate strategy:Every corporation in order to handle and eliminate adverse effects of economicenvironment on company's financial management determines financial corporate objectives.These also provide a framework for effective analysis of major financial decisions related tofinance and capital market. In this context there are three key terms corporate objectives,financial objectives and corporate strategy. These are closely linked with each other’s as toassist corporation in achieving overall development and business growth. Following is adiscussion on relationship exist between Tesco's corporate objectives, corporate strategy andfinancial objectives, as follows:Financial objectivesare organizational targets which can be simply expressed inmonetary figures and terms (Banerjee, 2015). It generally implies to targets which directlyaffects company's financial statements and other financial aspects. These objectives could bedivided into specific categories, like maximising profit, maximizing price, increasing sales, andmuch more. In Tesco Plc, top managerial personnel’s based on reports of financial managersdetermines company's financial objectives. These act as a basis for corporate objectives andstrategies because they provide financial specific thresholds which are relevant for formulationcorporate strategies and setting corporate objectives.Corporate objectivesinclude those targets which are linked to business as a whole.These are normally determined by the company's upper management and concentrate on1
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