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...

Question This will be a group activity, but you must take an active part in both the analysis and the area under investigation and then produce a presentation to the CEO, the context of which is detailed below.   You are asked to prepare and deliver a presentation based on the following scenario, covering the specific requirements laid out below:   You are a Learning and Development professional with a LinkedIn account seeking to develop your portfolio as a consultant. Through the ...

Solution Slide 1 Agenda The agenda of this report is to evaluate importance of ethical practice As a senior HR Admin in XXX organisation in Dubai, UAE, ethical practices are core to success in my role Personal values are linked with professional ethics which is determined on the extent in which personal values are exercised In human resource function, ethics ensures strategies including L&D, retention in an entity to meet employee expectations Notes Welcome to this ...

Question 6.1 Describe different types of learning needs and reasons why they arise for individuals and organisations. 6.2 Summarise different face-to-face and blended learning and development approaches including: •  facilitation •  consulting •  training •  coaching •  mentoring. 6.3 Explain how individual requirements and preferences must be accommodated in the design and delivery of learning and development. 6.4 Discuss how different methods of evaluat...

Question 4.1 Explain the purpose and components of performance management. 4.2 Explain factors that need to be considered when managing performance. 4.3 Explain the role of appraisal in performance management. 5.1 Explain the key components of an effective total reward system. 5.2 Explain the relationship between reward and performance. 5.3 Explain the reasons for treating employees fairly in relation to pay. Solution See attached Presentation Ple...

Task four – Guidance document (performance management and reward) The second part of the guidance document contains essential knowledge and understanding of performance management and reward. You need to ensure that your explanation includes: the purpose and typical components of performance management. (AC 4.1) two factors that need to be considered when managing performance. (AC 4.2) different methods of performance review. (AC 4.3) key components (financial and non-financial) that ar...

Question 2.2 Develop selection criteria and shortlist candidate applications for interview for an identified role. 2.3 Participate effectively in a selection interview and the decision-making process for an identified role. 2.4 Discuss the selection records that need to be retained and write letters of appointment and non-appointment for an identified role. Solution AC2.2 Applicant 1 Position being applied for : Line Manager 1.     Applicants Details: ...