15. Consider this report. At what stage of the financial management process would the report be prepared? 50-80 words TUV Co - Extract September 20XX Expectations and Objectives Analysis Analyse the business financial performance Reports have been prepared analysing the client's business in comparison to industry averages. Summary: TUV Co's owners have asked that their business be analysed to determine if the financial performance is acceptable. The review has been performed annually for the previous three years. The business analysis consists of performing ratio analysis on the financial statements supplied by the client's finance officer. The analysis identified that the business was: profitable, stable and efficient compared with other businesses in the same industry. The analysis is currently prepared in a one page executive summary and sent to the owners of TUV. As a result the client has continued operations. The client has consistently made reference to the interest of the finance officer through phone calls and on the annual client questionnaire. Actions: The client recently commented that they would prefer a more comprehensive report that describes the analysis with the aim of promoting the finance officer to manager. The client would like to effectively hand over the business operations to the FO. Therefore the ratio analysis summary will be expanded to include all workings and explanations. The financial plan will need to be updated and formally agreed to by the client. A letter will be prepared by the financial manager and sent to the client suggesting that they book an interview at their earliest convenience.