Review what you have executed, and execute after you review.
Financial and Business Performance Reviews
Period ending financial reviews are major segments of the budget execution plan. During the course of the budget period, financial reviews occur on a regular basis. They are a necessary part of the budget cycle in that the prepared budget guides the actual performance. Consequently, historical financial reviews have an important managerial role for ensuring that actual performance aligns with stated objectives as measured by the pro forma financial statements. Regardless of company size, legal structure, or industry, regular financial reviews are an imperative for the following reasons:
1. Providing ...