# Understanding Financial Reasoning in AI: A Multimodal Benchmark and Error Learning Approach

arXiv: https://arxiv.org/abs/2506.06282 · HTML: https://mlsanity.com/paper/2506.06282/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 21 of its 37 references that are in the map.
- First posted on arXiv 22 Apr 2025.

## Builds on (most cited first, 21 of 21)

- [Chain-of-Thought Prompting Elicits Reasoning in Large Language Models](https://mlsanity.com/paper/2201.11903/) (2022)
- [DeepSeekMath: Pushing the Limits of Mathematical Reasoning in Open Language Models](https://mlsanity.com/paper/2402.03300/) (2024)
- [DeepSeek-R1: Incentivizing Reasoning Capability in LLMs via Reinforcement Learning](https://mlsanity.com/paper/2501.12948/) (2025)
- [Large Language Models are Zero-Shot Reasoners](https://mlsanity.com/paper/2205.11916/) (2022)
- [Emergent Abilities of Large Language Models](https://mlsanity.com/paper/2206.07682/) (2022)
- [Multimodal Few-Shot Learning with Frozen Language Models](https://mlsanity.com/paper/2106.13884/) (2021)
- [FinQA: A Dataset of Numerical Reasoning over Financial Data](https://mlsanity.com/paper/2109.00122/) (2021)
- [TAT-QA: A Question Answering Benchmark on a Hybrid of Tabular and Textual Content in Finance](https://mlsanity.com/paper/2105.07624/) (2021)
- [GeoQA: A Geometric Question Answering Benchmark Towards Multimodal Numerical Reasoning](https://mlsanity.com/paper/2105.14517/) (2021)
- [UniGeo: Unifying Geometry Logical Reasoning via Reformulating Mathematical Expression](https://mlsanity.com/paper/2212.02746/) (2022)
- [Exploring the Reasoning Abilities of Multimodal Large Language Models (MLLMs): A Comprehensive Survey on Emerging Trends in Multimodal Reasoning](https://mlsanity.com/paper/2401.06805/) (2024)
- [A Survey of Deep Learning for Mathematical Reasoning](https://mlsanity.com/paper/2212.10535/) (2022)
- [M3CoT: A Novel Benchmark for Multi-Domain Multi-step Multi-modal Chain-of-Thought](https://mlsanity.com/paper/2405.16473/) (2024)
- [A Survey of Mathematical Reasoning in the Era of Multimodal Large Language Model: Benchmark, Method & Challenges](https://mlsanity.com/paper/2412.11936/) (2024)
- [See, Think, Confirm: Interactive Prompting Between Vision and Language Models for Knowledge-based Visual Reasoning](https://mlsanity.com/paper/2301.05226/) (2023)
- [DocMath-Eval: Evaluating Math Reasoning Capabilities of LLMs in Understanding Long and Specialized Documents](https://mlsanity.com/paper/2311.09805/) (2023)
- [FAMMA: A Benchmark for Financial Domain Multilingual Multimodal Question Answering](https://mlsanity.com/paper/2410.04526/) (2024)
- [Retrieval-augmented Multi-modal Chain-of-Thoughts Reasoning for Large Language Models](https://mlsanity.com/paper/2312.01714/) (2023)
- [Retrieval Meets Reasoning: Even High-school Textbook Knowledge Benefits Multimodal Reasoning](https://mlsanity.com/paper/2405.20834/) (2024)
- [A Review of Multimodal Explainable Artificial Intelligence: Past, Present and Future](https://mlsanity.com/paper/2412.14056/) (2024)
- [A Survey of Multimodal Composite Editing and Retrieval](https://mlsanity.com/paper/2409.05405/) (2024)

## Built on by (most cited first, 1 of 1)

- [FIND: Toward Multimodal Financial Reasoning and Question Answering for Indic Languages](https://mlsanity.com/paper/2605.13330/) (2026)

## Abstract (arXiv)

Effective financial reasoning demands not only textual understanding but also the ability to interpret complex visual data such as charts, tables, and trend graphs. This paper introduces a new benchmark designed to evaluate how well AI models - especially large language and multimodal models - reason in finance-specific contexts. Covering 3,200 expert-level question-answer pairs across 15 core financial topics, the benchmark integrates both textual and visual modalities to reflect authentic analytical challenges in finance. To address limitations in current reasoning approaches, we propose an error-aware learning framework that leverages historical model mistakes and feedback to guide inference, without requiring fine-tuning. Our experiments across state-of-the-art models show that multimodal inputs significantly enhance performance and that incorporating error feedback leads to consistent and measurable improvements. The results highlight persistent challenges in visual understanding and mathematical logic, while also demonstrating the promise of self-reflective reasoning in financial AI systems. Our code and data can be found at https://anonymous/FinMR/CodeData.