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Financial data is well represented by visualization. Charts, graphs, and dashboards help illustrate difficult-to-understand information, so the audience may recognize what the information conveys and be able to digest it easily. A simple presentation can point out what key trends and insights appear. The tools include Tableau or Power BI for you to improve dynamic, interactive visualizations.
9. Interpret and Communicate Findings
Result Interpretation is now the last vital step toward clarifying your result and conveying it more effective to the concerned audience of the company's executive

Like if the actual sales are at a much lower level in comparison to the projected numbers, then the causes need to be investigated such as changes in the market scenario or operational inefficiencies will be helpful for future strategizing.

Breaking down financial data into segments, like product lines, departments, or geographical locations, can help you identify key insights. It will be able to point out which segments are performing well and which are not. It helps businesses to use resources more effectively and develop strategies according to the specific needs of the market.

It can help identify trends and patterns by examining financial data over time. Look at historical data and create charts to visualize changes in revenue, expenses, and profit margins. This analysis can reveal seasonal patterns, growth rates, and potential downturns. Trend analysis can also help in forecasting future performance, allowing businesses to make proactive decisions.
6. Variance Analysis
Variance analysis is conducted to compare the actual financial performances with the budgeted figures or fore-casts. It compares and identifies the discrepancies on why they happened.