The
Role of Computer In Business
All
businesses need to be well organised to achieve their aims and objectives.
Certain tasks, or functions, must be done regularly and
these are usually grouped into specific types of activities. In a
large organisation like Tesco PLC, people work together in functional
areas. Each functional area has a specific purpose. Below are the main
functional areas:
Finance
The main activities of the finance department are:
* To record all the business transactions
This means that they record in their schedule all the expenses that
have been paid and all incomings. They also make sure that each
department does not spend more than it has been allocated.
* Measure the financial performance of Tesco
This means the finance department look at how well or badly Tesco is
doing financially.
* To control the finances and cash flow so Tesco stays reliable.
This means that they make sure that there is enough money in the
business to pay off debts, bills and the employees. They also make
sure that there is enough money to survive for the company.
* To take timely financial decisions by comparing the predicted
performance with actual performance.
This means that if the company wants to invest more , then it
would be up to the finance department to make the decision on whether
there are enough funds to do. They would do this by looking and
comparing the financial situation in previous years with the financial
situation of the present year. By this they can see the expense will
leave them with enough money at the end. They also prepare all the
accounts each year so that the company comply with their legal
responsibilities to the Inland Revenue and complete VAT returns which
they send to HM Customs and Excise.
these are usually grouped into specific types of activities. In a
large organisation like Tesco PLC, people work together in functional
areas. Each functional area has a specific purpose. Below are the main
functional areas:
Finance
The main activities of the finance department are:
* To record all the business transactions
This means that they record in their schedule all the expenses that
have been paid and all incomings. They also make sure that each
department does not spend more than it has been allocated.
* Measure the financial performance of Tesco
This means the finance department look at how well or badly Tesco is
doing financially.
* To control the finances and cash flow so Tesco stays reliable.
This means that they make sure that there is enough money in the
business to pay off debts, bills and the employees. They also make
sure that there is enough money to survive for the company.
* To take timely financial decisions by comparing the predicted
performance with actual performance.
This means that if the company wants to invest more , then it
would be up to the finance department to make the decision on whether
there are enough funds to do. They would do this by looking and
comparing the financial situation in previous years with the financial
situation of the present year. By this they can see the expense will
leave them with enough money at the end. They also prepare all the
accounts each year so that the company comply with their legal
responsibilities to the Inland Revenue and complete VAT returns which
they send to HM Customs and Excise.
Conclusions :
All businesses must be well organized to achieve their goals and objectives. Specific tasks, or functions, should be done regularly and
These are usually grouped into the types of activities. in
large organizations.
All businesses must be well organized to achieve their goals and objectives. Specific tasks, or functions, should be done regularly and
These are usually grouped into the types of activities. in
large organizations.
Source :