A first-pass financial screen should identify the next diligence questions, not turn incomplete records into definitive conclusions.

A financial finding becomes useful when another reviewer can reconstruct its source, calculation, assumptions, and decision.

The transition from a screen to QoE begins with scope, evidence requirements, and professional judgment, not a change in the report title.

Cash and earnings tell related but different stories. A useful cash proof makes timing, coverage, and reconciliation differences explicit.

Before debating a working capital target, agree on the accounts, periods, and operating assumptions that define the analysis.

Reliable financial work needs explicit boundaries between reading a document, computing a value, proposing an interpretation, and approving a conclusion.