Financial Management - Assignment PDF

Financial Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Covered in PPT......................................................................................................................1
M1 Covered in PPT.....................................................................................................................1
D1 Covered in PPT.....................................................................................................................1
TASK 2............................................................................................................................................2
P2 Analysis of key financial management principles.................................................................2
M2 Key financial management principles are important while delivering strategies.................4
D2 Evaluation of importance key financial management principles..........................................4
P3 Role of management accountants and their value as part of an integrated system................4
P4. Accounting control system and their values as a part integrated system..............................7
M3 Evaluation of role of management accountant.....................................................................9
D3 Justification.........................................................................................................................10
P5 Importance of financial decision for financial sustainability..............................................10
M4 Evaluation of financial decision making...........................................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Financial management is an activity which is performed by the accountants of a company
to maintain all the transactions related to finance. It helps to plan, control, and monitor financial
resources that are available within the organisation. Proper management of funds can lead a
business toward success, and if it is not maintained properly than it can move the organisation
toward losses and risks (Financial management, 2018). It is a system in which all the monetary
resources are handled effectively and efficiently. It helps a company to attain its goals such as
profit maximisation and customer's satisfaction. When a company is willing to build its equity
and use it effectively than financial management is the right tool to achieve this target. It
estimates various elements such as capital required, financial control, possible requirement of
funds etc. Main objective of financial management is to identify performance and financial status
of a company. Various companies are using it to run their operational activities effectively.
Organisation selected for this project report is Tesco which is a retail company and its
headquarter is in Welwyn Garden City, Hertfordshire, England, UK. Main objectives of this
report is to identify the way in which Tesco has protected and saved its market share after the
merger of Sainsbury's and Asda.
This project report covers various topics such as application of financial management to
deal business problems, different formal and informal approaches that are used in effective
decision making, various key financial management principles that can help to achieve effective
financial strategies, role of management accountants, use of accounting control systems and their
value as part of an integrated business system and evaluation of ways in which financial
management is important for long term sustainability.
TASK 1
P1 Covered in PPT
M1 Covered in PPT
D1 Covered in PPT
1