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.

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.

Section 3

Using examples from the case study describe and discuss the processes this business might use to improve their financial performance.