Financial Management Report for Tesco: Importance, Role, and Sources of Finance

The Report

Table of Contents
The Report.......................................................................................................................................1
TASK-4- Financial management report...........................................................................................3
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Financial management ................................................................................................................3
Importance of Finance functions.................................................................................................4
The role of the Financial Manager in a company........................................................................4
Sources of Finance.......................................................................................................................5
REFERENCES................................................................................................................................6

TASK-4- Financial management report
INTRODUCTION
Financial management is practice of managing organization's fund and capital in order to
allocate it in appropriate way with better regulation. In order to elaborate this report company
chosen as Tesco, it is the brand in retail market under UK. This report will cover information
about financial management, importance of financial management, role of management and
manager and sources of finance.
MAIN BODY
Financial management
Financial management refers to organizing, planning, directing and controlling the
financial practices such as obtain and utilization of fund in efficient way, of the company.
Basically, it is part of management where handing of financial resource of the company takes
place. Fundamental duties of the financial management is to obtaining, distributing and
regulating financial resources of respective company (Al Breiki and Nobanee, 2019).
There are some objectives of Financial management in following :-
 To make availability of enough supply of fund and on regular period frame, which makes
easier to run operations of the company fluently. Tesco is having adequate operations and
each operation want some cost, for that company's management procure adequate funds.
 To confirm sufficient returns for the shareholder are available in the company, which is
interlinked to productivity, market share and expectations of the shareholders.
Distributing in proper way, so productivity get increases rapidly. Shareholder have more
expectations to Tesco (Brigham and Houston, 2021).
 Balancing is the critical objective for the financial management, manage between debt
and capital with proper utilization with plan makes effective financial practices. For that
proper planning is essential, through making effective plans to make balance between
them.
 After obtain funds from various sources, distribution should be in effective way is
necessary, using that funds in maximum possible functions with low cost. Low cost
makes more options and ways for distributing funds (Chang, McAleer and Wong, 2020).