The Financial Position Of Tesco And Its Future

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ASSIGNMENT 2: ANALYSE AND COMMENT ON THE FINANCIAL POSITION OF TESCO AND IT’S FUTURE, BASED ON THE FINANCIAL AND BUSINESS INFORMATION.

TABLE OF CONTENTS:
1. Introduction
2. Financial statement definition and objectives
3. Basic financial statements; Balance sheet, Income statement, and Statement of cash flows.
4. Tesco financial statements {(a)group income statement, (b) group balance sheet and (c) group cash flow statement}
5. Financial analysis; definition, users, methods & limitations
6. Analysis and interpretation of Tesco financial statements using financial ratios;
(a) Working capital position
(b) Profitability ratio
(c) Liquidity ratio
(d) Efficiency ratio
8. Analysis of the company’s future potential based on the financial and business information
9. Conclusion

1. INTRODUCTION
The analysis of a firm’s financial statements, whether it is for credit, investment, or any number of other potential purposes, relies heavily on the accounting data/information supplied by the firm in its financial reports. The presentation of such data falls under the auspices of generally accepted accounting principles (GAAP) as prescribed in the U.S. by the SEC and the FASB (Financial Accounting Standards Board) and globally by the IASB (International Accounting Standards Board) through its IFRS (International Financial Reporting Standards). The accounting principles describe the proper procedures for recording and reporting economic activities undertaken by various entities. In

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