This individual report for BMP3005 - Applied Business Finance covers the importance of financial management, financial statements, ratios, and processes for financial performance improvement. It includes a discussion on the concept and importance of financial management, main financial statements, and the use of ratios in financial management. The report also provides a template for completing the business review, producing an income statement and balance sheet using Excel, and describing the profitability, liquidity, and efficiency of a company based on the results of ratio analysis. The subject is BSc (Hons) Business Management with Foundation.