Hi, need to submit a 1500 words essay on the topic Business accounting.Download file to see previous pages... The company furthermore provides financial services in the course of Tesco Financial Servi

Hi, need to submit a 1500 words essay on the topic Business accounting.

The company furthermore provides financial services in the course of Tesco Financial Services, which controls 4.6 million customer accounts approximately divided among credit cards and car insurance policies. Above 100-unit Tesco express chain, the company's position as the leading retailer of gasoline in the United Kingdom (UK) (Dodgson, 1993, 375).

TESCO has sustained to make strong development with all four parts of its strategy - a strong UK core business, non-food, retailing services and international - by keeping its focus on trying to get better what it does for its customers:

The duty of decision making is divided between directors of the organization like TESCO. The executive directors who are just like the employee of organization take the decision which comes in their power and none-executive directors who take the decision when they feel that directors are not making good decision. When company is going to take a big decision like expanding the business, that types of decision are mostly decided by the directors in annual general meeting. Although share holder have some power to decide given by the company law. They have power to appoint auditor or director. But top management has duty to make right decisions for the company.

Over all management is responsible for the performance of TESCO business, its duty of directors to check the performance of business, Mostly the departmental managers are responsible for the performance of their department and top management see that the business is running in accordance with its objectives and they take the measures of any risk which may effect the performance of business and find the solution of that risk or problem.

Productions

Nature's Choice, Wildlife Choice, Organic food, Seafood, Palm Oil,

Timber

Other Businesses

Garden Centres, Personal Finance, Telecoms, Fuel, Clubcard

Supply Chain Standards

Tesco is the member of the ETI since it came into existence in 1998. In 2001, it has developed a new course for its purchaser and technical managers to lift up their consciousness of the Ethical Trading Initiative (ETI), ethical issues, and employee welfare in the supply chain. This was the primary course of its manner in the industry and has now been rolled out to its commercial teams. It will carry on training all new commercial purchaser and technical managers in this way.

Organizing standards across its great and complex own brand supply base is a challenge, but Tesco is dedicated to functioning with its suppliers to maintain, develop and get better standards. Tesco remains a component of the ETI, actively contributing in projects that aspire to address the complex social matters that subsist in global supply chains (Kroll, 1996, 19).

Maintaining day to day operational control

The directors have overall responsibility for day-to-day operational control. Executive directors who are the permanent employee of the company handle the day-to-day operations.