Financial Management and Analysis for Desklib

Applied Business Finance

Contents
INTRODUCTION...........................................................................................................................................3
SECTION 1....................................................................................................................................................3
Explaining concept and importance of financial management................................................................3
SECTION 2....................................................................................................................................................4
Describe the financial statement and the use of the ratios used in the financial management..............4
SECTION 3....................................................................................................................................................6
(i) Complete the Business Review Template............................................................................................6
(ii) Produce the income statement using Excel........................................................................................7
(iii) Complete the Balance Sheet using Excel...........................................................................................7
SECTION 4....................................................................................................................................................7
Calculate the ratios..................................................................................................................................7
SECTION 4....................................................................................................................................................9
Describe the structure of business..........................................................................................................9
CONCLUSION.............................................................................................................................................10
REFERENCES..............................................................................................................................................11
APPENDIX..................................................................................................................................................12

INTRODUCTION
The successful budgeting, structuring, and regulating of funds and resources is referred to as
financial administration. Cash performance largely involves judgments and concerns about the
quantity of holdings, the origins and variety of material utilization, and the amount of profit
made from either. It entails employing various management practices to an organization's
financial resources in order to increase revenues. Cash performance helps an organisation to
make the best use of its resources. Financial activity is the practice of gathering, assigning,
administering, and regulating all of a company's basic procedures in order to maximize profits
while lowering cost-volume (Duque-Grisales and Aguilera-Caracuel, 2021). The relevance of the
issue is demonstrated in this research by the analysis of idea, explanation, and relevance.
Following that, income reports are defined quickly and succinctly using a financial statement,
financial statements, money assessment, and ratios for determining relevant elements with the
computation of data collected in a research study. Finally, the main results are used to determine
how the financial reputation might be improved further.
SECTION 1
Explaining concept and importance of financial management
Financial is the lifeblood of every company. Money is required to keep the business
running accurately and successfully. Financial management refers to the component of an
organisation that is responsible for the budgeting, arranging, managing, and managing of
financial activities. It aids in addressing the demands of shareholders while also optimizing the
business earnings, profitability, and development.
Importance of financial management
Financial management is critical to the success of any business. It is a means of
accomplishing the mission. With direct application, procurement, and administration, the money
adviser assesses the ability of the organization. It implements plans productivity by ensuring that
funds are available when they are needed. There are mentioned all the importance of financial
management such as: