Essay on How Business Operate Tesco

HOW BUSINESS OPERATE

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
COVERED IN PPT.....................................................................................................................1
TASK 2............................................................................................................................................1
2.1 Importance of accounting for business success.....................................................................1
5.1 Different functions of HR department in business................................................................2
5.2 Key features of employment legislation................................................................................2
TASK 3............................................................................................................................................3
3.1 Accounting workshop............................................................................................................3
TASK 4............................................................................................................................................4
4.1 An analysis to determine own and other's roles of team members........................................4
4.2 Team Development................................................................................................................4
TASK 5............................................................................................................................................6
COVERED IN PPT.....................................................................................................................6
CONCLUSION................................................................................................................................6

INTRODUCTION
Surroundings in which a business runs its business activities which is called as business
environment and there are many factors that are comprised in atmosphere are divided in two
parts one is intrinsic and other is extrinsic. All these points should be consider while planning
business activities. Present assignment is based upon TESCO company which is a retail super
and hypermarket that is operating its operations in and around United Kingdom. Information that
is included in this report is knowledge of various type of organisation along with their
accounting system and human resource practices. All these factors are taken into consideration
when business actions are taking place in market.
TASK 1
COVERED IN PPT
TASK 2
2.1 Importance of accounting for business success
Management developed finance department in venture for managing all activities that are
related with money like formulation of budget, record of all incoming and outgoing cash and
credit. To accomplish all task and duties in most appropriate manner then it is required that all
transactions that are associated with finance that are taking place in association. Accounting
process is defined as recording measuring, analysing, interpreting all information of expenses
and incomes that are necessary for financial decision making. This action aids management in
conveying all information associated with status of corporation to all stakeholders like
consumers, suppliers, government, shareholders etc. This type of action is helpful in increasing
goodwill and reputation of company in marketplace. There are many advantages that are linked
with accounting process are stated as beneath:
 Systematic Record: Management applies accounting process in business operations for
recording all transactions that are happening in day to day business operations like
incomes, expenses, investments and gains.
 Assess Business Performance: Accounting procedure aids management in getting
accurate information related to profit and loss that are generated by TESCO company.
This action helps in anticipating larger market share and enhanced goodwill. This action
sketches portrait of organisation in front of customers.
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