Conducting a financial review involves several steps:
Gather financial statements: Collect the necessary financial documents, including income statements, balance sheets, and cash flow statements. Analyze financial data: Review the data to identify trends, variances, and potential issues. Compare with benchmarks: Compare the business's performance with industry standards or past performance. Identify actionable insights: Based on the analysis, determine actionable steps to improve financial performance. Document and communicate findings: Prepare a report summarizing the review and share it with relevant stakeholders.