Finance Report Essay Example | Topics and Well Written Essays - 1500 words

Finance Report - Essay Example ompany is dealing in groceries, wine, clothing, entertainment and books, phone shop, banking and insurance, Tesco magazine, flower market and online business of shopping from their stores. There is a wide range of products and services that Tesco deals in through renowned brands and their own private level brands (Tesco PLC, â€Å"TESCO†). ASDA Group Limited, BP Plc, The Big Food Group Plc, J. Sainsbury plc, Marks and Spencer Group plc, Carrefour S.A., ExxonMobil Corporation, Royal Dutch/Shell Group, Safeway Inc, Safeway plc, Booker Cash & Carry Limited, Somerfield, Wm Morrison Supermarkets PLC, ALDI Group, SPAR Handels-Aktiengesellschaft, The Boots Group PLC, The Carphone Warehouse Group PLC and John Lewis Partnership plc (Datamonitor, â€Å"Tesco PLC†). Tesco has a policy of gratifying experience and talent and stimulates motivations in terms of incentives for offering greater development and high returns for shareholders (Tesco PLC, â€Å"Summary Report of the Directors on Remuneration†). The group has a five-year progressing business plan to sustain the delivery of its approach of long-term expansion and income for shareholders. Tesco functions with a balanced scorecard approach that is acknowledged within the Tesco group. This connects the group’s resources regarding operations, community, finance and consumers (Tesco PLC, â€Å"Internal Control & Risk Management†). The business processes of Tesco and systems that are utilized for in-store planning in the UK are selected and decided by the Tesco executives as a part of global standardisation program. The operations and business processes that are in other countries are structured by the developers. The business requirements are drafted by Tesco UK and other stores of Tesco need to implement it (Computer Weekly, â€Å"Tescos IT Standardisation Paves Way for Global Expansion†). To plan and control the activities of the organisation, management accounting provides information in an appropriate way that helps