Importance of financial management
Produce a report based upon the Case Study provided to answer the following question:
Define and discuss the concept and importance of financial management. Using examples, describe and discuss the processes businesses might use to improve their financial performance.
Your report should include the following sections:-
Section 1
Introduction: Define and discuss the concept and importance of financial management (10 marks)
Section 2
Describe and discuss the main financial statements and explain the use of ratios in financial management. (20 marks)
Section 3
USING THE TEMPLATES PROVIDED:
i. Complete the Information on the ‘Business Review Template (Ensure that you display your calculations for this detail).
ii. Using Excel produce an Income Statement for the Sample Organisation (see Case Study). This should be included within your appendices.
iii. Using Excel complete the Balance Sheet
iv. Using the Case study information describe the profitability, liquidity and efficiency of the company based on the results of ratio analysis (30 marks)
Section 4
Using examples from the case study describe and discuss the processes this business might use to improve their financial performance. (30 marks)
Section 5
Your report should be written using proper English grammar and should be referenced appropriately. Each reference cited in the report must appear in the reference list at the end.(10 marks)
Your report must include at least three books and two journal articles, the use of non-academic websites is not permitted.
