Financial Performance Review Checklist ( FINANCE )

This checklist is designed to guide finance teams through a structured review of the organization's financial performance over a specified period, ensuring that all critical financial metrics and indicators are evaluated in a systematic manner.

• Gather Financial Data

  Collect all relevant financial data, including income statements, balance sheets, and cash flow statements for the review period.

• Analyze Revenue Trends

  Examine and compare revenue figures against previous periods to identify trends and anomalies.

• Review Expense Categories

  Break down expenses into categories and assess whether spending aligns with budgetary expectations.

• Evaluate Profit Margins

  Calculate gross and net profit margins to determine the organization's profitability and operational efficiency.

• Assess Financial Ratios

  Compute key financial ratios such as current ratio, quick ratio, and debt-to-equity ratio to evaluate financial health.

• Identify Variances

  Compare actual financial performance against budgeted figures to identify significant variances and investigate their causes.

• Document Findings

  Compile all analysis results and findings into a report that summarizes the financial performance and identifies areas for improvement.

• Review with Management

  Schedule a meeting with management to present findings, discuss implications, and recommend actions based on the performance review.