Tesco Plc Accounting and Financial Management Project Report

This accounting project delves into the financial management and accounting practices of Tesco Plc. It begins with an abstract highlighting the importance of accounting and financial management in the retail sector, identifying potential issues faced by companies like Tesco. The project outlines the methods used in financial analysis, including ratio analysis, comparing Tesco's performance with its competitor Sainsbury's, and evaluating Tesco's own historical performance. The research also explores the taxation policies relevant to Tesco. The project provides a comprehensive literature review covering the concepts, aspects, methods, and issues related to accounting and financial management. It examines the research methodology employed, including research types, approaches, and data analysis techniques. The findings, analysis, and discussion section presents a detailed ratio analysis of both Tesco and Sainsbury, leading to interpretations and conclusions regarding their financial performance. Finally, the project offers recommendations for Tesco, particularly in relation to addressing accounting and financial challenges, and navigating changes in taxation rates. The project aims to provide a detailed understanding of the accounting and financial aspects of Tesco and offer insights into potential improvements.