Solution According to CIPD (2019), HR planning is identified as a core business process for aligning changing organisation needs with people strategy. This is affirmed by Hoch and Dulebohn (2013), who note it as a comparison of organisation resources with forecast labour demand. This leads to the scheduling of practices to acquire, train, redeploy, and discard labour. Also, Mintzberg (1994) had noted that planners should not establish strategies but need to supply data, assist managers in think...

Solution This report focuses on ABC company, which is an organisation involved in the provision of strategic accountancy services. In more than 25 years, the organisation has been offering a wide range of services to its customers, both small and larger ltd companies. ABC strategic plan is enabled by their staff in all areas of accountancy with experience and capacity of providing a personalised and friendly service meeting the needs of their clients. To identify these requirements, ABC sets a ...

Solution Task 1 – Answer (750 - 850 words) A.C. 1.1 - Assess the strategic importance of current, future and anticipated HR requirements This report focuses on ABC company, which is an organisation involved in the provision of strategic accountancy services. In more than 25 years, the organisation has been offering a wide range of services to its customers, both small and larger ltd companies. ABC strategic plan is enabled by their staff in all areas of accountancy with experience and cap...

Solution Accounting Rate of Return Method This method tests viability by establishing the average return on the proposed investment on the basis of a project estimated revenues and expenses. viability. In one of the projects that Tesco Plc was considering acquiring modern office equipment costing $25,000 with an expectation of generating profits of $2,000 annually over a period of ten years, the tool was used to evaluate its viability The AAR identified which is 16% and identified through...

Solution According to De Andrade et al. (2011), the viability of a proposal for expenditure is identified through different methods for approving or denying a proposed capital investment on a cost/benefit analysis.  The viability of a proposal for expenditure can be identified through; Accounting rate of return method Payback method Discounted cash flow methods, such as the net present value (NPV) method and the internal rate of return method The rationale for selecting these meth...

Solution Sales Revenue The sales revenues of the organisation had consistently increased slightly apart from June where the increment was at 6.7%. Further, the material purchases and wages increased in the period which is possibly the trend of the business. Despite new machinery being purchased, there has not been a substantial increase in overall sales. Also, the marketing strategy could not have been effective to reach out to more clients as compared to those already existing in the market...

Solution A.C. 2.1 - Identify how a budget can be produced taking into account financial constraints and achievement of targets, legal requirements and accounting conventions The budget preparation strategy adopted by Tesco is the top-down budgeting process (Sandalgaard & Bukh, 2014). The bottom-up approach is not ideal for Tesco since apart from the finance and accounting department, the other employees lack sufficient awareness (Saari et al., 2015). Also, using a bottom-up approach woul...

Solution The reliability of the accounting system data in Tesco Plc is identified by indicators identified in figure 2; Figure 2: Reliability of Tesco Plc Financial Data Tesco Plc also has strict controls over the purchase requisitions and orders but offers the teams in their operations the role of allocating account and cost-centre codes which often leads to errors in the processing of their financial data. Also, the companies’ house data reliability is influenced by the accounting stand...

Solution A.C. 1.1 - Determine how to obtain financial data and assess its validity The selected company in this assessment is Tesco Plc (Tesco, 2019a).  Founded in 1919 as a British international grocery and general merchandising retail chain its headquarters are in Cheshunt, UK and listed in the London Stock Exchange.  The objectives of Tesco plc is becoming a popular retailer and enhancing the core business in the UK in the non-food items, cultivating retailing facilities. This obje...

Question Task 1 – Answer (350 - 400 words) A.C. 1.1 - Determine how to obtain financial data and assess its validity A.C. 1.4 - Review and question financial data Task 2 – Answer (650 - 750 words) A.C. 1.2 - Apply different types of analytical tools and techniques to a range of financial documents, formulating conclusions about performance levels and needs of stakeholders A.C. 1.3 - Conduct comparative analysis of financial data Task 3 – Answer (550 - 600 words) A.C...