A financial review is an assessment of an individual's or organization's financial status. It typically involves analyzing income, expenses, assets, and liabilities to understand overall financial health. This process helps identify areas for improvement and informs future financial planning. During a financial review, tools like balance sheets, income statements, and cash flow statements are often used. These documents provide insights into spending habits and investment performance. Regular financial reviews can help ensure that financial goals are being met and can guide decisions related to budgeting, saving, and investing.