The finance department takes part in many activities such as recording the business transactions and finding out if Tesco is making a profit or a loss. For example, by using a profit and loss account. The profit and loss account show whether a business has made a profit or a loss over a financial year. The picture below shows an example of a profit and loss account.
Human 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 critical component of employee well-being in any business, no matter how small. A human resources department is a critical component of employee well-being in any 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.