How To Run A Financial Review Meeting

To run a financial review meeting, one must prepare a comprehensive agenda that could involve discussing financial performance data, setting future financial goals, reviewing financial strategies, and addressing concerns or questions about the business’s financial health.

A Financial Review Meeting is a formal review conducted by a company or individual to evaluate and assess their financial performance and situation. It typically involves a comprehensive analysis of financial statements, budgets, cash flow, and other financial data to identify trends, strengths, weaknesses, and areas for improvement. The purpose of the meeting is to gain a clear understanding of the company’s financial position, make informed decisions, set goals, and develop strategies for financial success. It may also involve discussions on investment opportunities, risk management, tax planning, and overall financial health. The outcome of the meeting plays a crucial role in determining future actions and ensuring the organization’s financial stability and growth.

What is the purpose of a Financial Review Meeting?

The purpose of running a financial review meeting as a leader is to assess the financial health and performance of a company, identify strengths and weaknesses, discuss financial goals and objectives, and make informed decisions based on the available data. It provides an opportunity for transparency, accountability, and collaboration, enabling effective financial planning and resource allocation.

How To Run A Financial Review Meeting: Step-By-Step


Step 1: Preparation

To ensure a comprehensive financial analysis, gather all pertinent financial documents like income statements, balance sheets, cash flow statements, and more. Develop an agenda that clearly outlines the topics to be discussed in an organized and planned manner.

ZipDo, our app, integrates seamlessly with your calendar to consolidate all appointments into a unified collaborative platform. In this space, teams can co-create a shared agenda, allowing every member to contribute their topics. This feature enhances team preparedness and streamlines both meeting preparation and follow-up, leading to more productive meetings.

With our app, ZipDo, we make preparing for team meetings easier for everyone involved. As a meeting lead, you can benefit from this since all information from previous sessions is stored centrally for recurring meetings. You’ll find both the meeting agendas and all meeting notes, significantly simplifying your preparation. This ensures that no important topics are overlooked.

Next Step

Step 2: Initial Review

Next, compare the financial data with industry benchmarks and trends to evaluate the company’s financial performance. Identify any areas of concern or potential opportunities for growth and improvement.

Next Step

Step 3: Conduct Performance Analysis

By comparing the actual financial results with budgets and forecasts, businesses can evaluate their performance by examining variances, trends, and anomalies. This analysis helps in gaining insights into the financial well-being of the company.


Want to run a better meeting? Try ZipDo, our Meeting Note Software.

  • Connect your Google Calendar
  • Automatically create a note for every meeting
  • Organize your meetings and meeting notes in a channel like Slack
Try ZipDo free
Next Step

Step 4: Ratios and Indicator Analysis

By calculating key financial ratios and performance indicators such as profitability, liquidity, efficiency, solvency, and market ratios, businesses gain valuable insights into their financial health and performance. This analysis aids in making informed decisions, identifying strengths and weaknesses, and benchmarking against industry standards.

Next Step

Step 5: Identify Problem Areas

Once the initial analysis is completed, it is vital to identify any areas of concern or potential issues that require attention. These could encompass decreased profitability, cash flow problems, or elevated levels of debt, all of which demand immediate action and strategic decisions.

Next Step

Step 6: Evaluate Risk

Assess the potential impact of internal and external risks on the organization’s financial health. Identify and evaluate the likelihood and severity of various problems that could affect the organization’s financial stability and profitability.

Next Step

Step 7: Strategy Formulation

Develop effective strategies to enhance financial performance, mitigate risks, and optimize budgets through cost-cutting measures.

Next Step

Step 8: Propose Changes

Present your proposed strategies and changes to the team or key decision-makers, providing clear explanations and justifications for each proposal. These suggestions aim to improve the business’s performance and address any existing challenges effectively.

Next Step

Step 9: Discussion and Decision-Making

Engage in meaningful discussions with relevant stakeholders to gather feedback on your findings and proposed solutions. Use the insights gained from these discussions to inform and make well-informed decisions on which strategies to implement.

Next Step

Step 10: Implementation

Once the changes and strategies have been agreed upon, it is essential to start implementing them promptly. This implementation phase requires modifying budgets, reallocating resources, and making operational adjustments to ensure the successful execution of the desired changes.

Questions to ask as the leader of the meeting

1. What is our current financial position? – This question helps the leader understand the present financial status of the company and determine if it aligns with the projected goals.

2. How have our financial results compared to the targets set? – This question allows the leader to assess whether the company is on track or if there are any deviations from the set financial targets.

3. What are the key drivers impacting our financial performance? – By asking this question, the leader can identify the factors influencing the financial results, such as revenue sources, expenses, market conditions, or internal issues.

4. How effective are our cost-control measures? – This question helps the leader evaluate the efficiency of cost-management strategies and identify areas where further improvements may be necessary.

5. Have there been any significant changes in our cash flow? – The leader needs to be aware of any fluctuations or changes in the cash flow as it directly impacts the company’s ability to meet its financial obligations.

6. Are we adequately managing our debts and liabilities? – This question allows the leader to gauge whether the company’s debt levels and liabilities are being properly managed and if any actions are required, such as refinancing or debt restructuring.

7. How is our profitability trending? – By monitoring profitability, the leader can determine if the company is generating a healthy return on investment and make necessary adjustments if profitability is declining.

8. Are there any emerging financial risks or opportunities? – This question is crucial for identifying potential risks that could impact financial stability, as well as uncovering new opportunities that can be explored for growth.

9. Do we have the necessary financial resources to support our strategic objectives? – The leader needs to ensure that the company has enough financial resources to support its long-term goals and make informed decisions about resource allocation.

10. How transparent and accurate is our financial reporting? – By asking this question, the leader ensures that financial reporting is reliable and transparent, reducing the risk of errors, fraud, and misinterpretation.

Note: These questions provide a general overview of what a leader might ask during a financial review meeting. The specific questions and their emphasis may vary based on the industry, company size, and individual circumstances.

When preparing a financial review meeting agenda as the leader, it is important to include key topics such as financial performance, budget updates, cash flow analysis, and any significant financial risks or opportunities. This will ensure that the meeting stays focused, relevant, and productive in addressing the financial matters of the organization.

How To Prepare For A Financial Review Meeting
Meeting Preparation Icon

During a financial review meeting, it is important to discuss topics such as the company’s financial performance, budget analysis, cash flow, revenue projections, expense management, financial risk assessment, and any changes in regulatory or market conditions that could impact the business.

See Our Financial Review Meeting Template
Meeting Template Icon

Software tools to facilitate a Financial Review Meeting

Software helps leaders run financial review meetings by providing them with accurate and real-time financial data. It streamlines the process by automating calculations, generating reports, and visualizing trends. With software, leaders can easily analyze financial performance, identify areas for improvement, make data-driven decisions, and effectively communicate financial information to stakeholders. Ultimately, software facilitates efficient and informed discussions, leading to better financial outcomes for the organization.

Our Recommendations:


In conclusion, conducting regular financial review meetings is crucial for the success and growth of any business. It allows you to gain a comprehensive understanding of your company’s financial health, identify areas of improvement, and make informed decisions to achieve your financial goals. By following the steps outlined in this blog post—preparing thoroughly, analyzing financial statements, discussing key metrics, and setting actionable targets—you can ensure that your financial review meetings are effective and productive. Remember, these meetings should not be treated as a one-time event but rather as an ongoing process. Continuously monitoring and reviewing your financial performance will enable you to stay agile and make strategic adjustments when needed. With proper financial review meetings in place, you will have the knowledge and insights necessary to drive your business forward and achieve long-term success.

Popular Questions

What is the purpose of a Financial Review Meeting?

The purpose of a Financial Review Meeting is to discuss and evaluate the company’s financial performance over a specific period. It involves analysis of financial reports, budgets, and forecasting, reviewing financial strategies and goals, and identifying areas of improvement and growth.

Who should attend a Financial Review Meeting?

Typically, Financial Review Meetings are attended by key members of the organization such as CEOs, CFOs, Financial Managers, and the board of directors. However, the exact attendees may vary depending on the size and structure of the organization.

What key points are usually discussed during a Financial Review Meeting?

During a Financial Review Meeting, several key points are usually brought up. These could include financial performance against budget, future financial forecasts, potential risks and mitigation strategies, examination of cash flow and profitability, and reviewing financial goals and strategies for achieving them.

How often should a Financial Review Meeting be held?

The frequency of a Financial Review Meeting usually depends on the nature and requirements of the business. However, many companies opt to hold these meetings quarterly in order to review the performance of the previous quarter and plan for the next. Companies may also opt for monthly or annual meetings depending upon their business requirements.

How can a company prepare for a Financial Review Meeting?

Preparing for a Financial Review Meeting can involve gathering and analyzing key financial data, preparing detailed financial reports, defining clear objectives for the meeting, setting an agenda, and ensuring that all necessary parties are available to attend.