After reading all twenty diversified approved project topic. I have chosen topic number eight, ‘The business and financial performance of an organisation over a three year period.’ . In my opinion the analysis of business and financial performance of a company is one of the most important aspects of the modern day accounting profession and therefore, I decided to opt for this topic (which is the topic number 8). Also, by analysing the performance of a real company, I had the opportunity to apply my theoretical knowledge, which I learned through ACCA exams, into a practical scenario. I will be carrying my research and analysis on ‘Tesco plc’,by evaluating its financial and business performance. At the same time I will compare with competitor companies within the industry in which TescoPlc operates. The time span on which my research would be base will be from 2009 to 2011.
Project objectives and overall research approach.
Tesco is one of the world’s largest retailers with operations in 14 countries, employing over 492,000 people and serving millions of customers every week. * What was the annual sales growth in 3 years period from 2009-11 * How well did BT Group perform compared to its competitors? * What impact did the ‘credit crunch’ have on the financial performance? * What affect did new legislation have on the business performance of the company? * What affect did rising oil prices have on the net profit for the year?