The finance department joins in lots of activities such as keeping a record of the business transactions and finding out if Tesco is creating a profit or a loss.
For example, by checking a profit and loss account or a balance sheet. This indicates if the business has made a profit or a loss over a certain period of time (year). The picture below shows an example of a profit and loss account. Human resourceHuman resource is a strategy which demands that an organisation should manage its employees in a way which is consistent with the objectives of the business. The main purpose it to have a competitive advantage. A Human Resources department is a serious element of employee good in most business, no matter how small. Human Resources management is the term used to describe formal systems planned for the management of people in an organisation.