Financial Performance Studies
The primary purpose of a Financial Performance Study is to help manufacturers improve their financial results. The current economy has challenged manufacturers at historical levels. In these turbulent times manufacturers need meaningful, relevant guidelines. The most cost-effective vehicle for providing those guidelines is a Financial Performance Report (FPR). It is an analysis of the financial performance of your industry, including an income statement, balance sheet and key financial ratios. This report is similar to studies some associations call a Cost of Doing Business Report, Operating Ratio Report, Financial Benchmarking or a Profit Report.
The main areas where a Financial Performance Study assists the typical company improve performance include the following:
Each study is customized to the organization's unique chart of accounts and the needs of the industry involved. Two specific deliverables are provided as part of a Financial Performance Study:
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