The document discusses business reports, defining them as formal communications written for a specific business purpose. It notes that business reports analyze business situations and apply theories to make recommendations. The document outlines different types of business reports, including formal/informal and short/long reports. It also discusses the importance of business reports for providing information to make accurate decisions, analyze data, aid planning and control, and resolve issues. Finally, the document emphasizes considering the report purpose and audience to develop an effective structure and language.
Management Reporting System in Management Accounting Yamini Kahaliya
This Presentation is on management reporting system.
{Reports means a document which helps the management for decision-making process.}
and it includes details about following points :-
Introduction
Objective of reporting
Principles of reporting
Importance of reporting
Qualities of good report
Types of Reports
Forms of Reports
Reports submitted to different level of Management
General Format of Reports
The document provides guidelines for writing different types of research reports. It discusses the purpose and structure of a research report, including key sections like the introduction, methodology, findings, conclusions, and recommendations. It also covers how to prepare and present an oral report on research findings. The document emphasizes that a good research report is clear, concise, accurate, objective and supports conclusions with evidence from the research. It provides researchers with best practices for documenting their work.
Reporting to management provides information to enable managers to assess performance and take corrective actions if needed. It involves systematically providing managers with only the necessary data to aid their understanding and decision making. Management reports are prepared for communication, to satisfy interested parties like shareholders, and to meet legal requirements. They help management understand operations, identify weaknesses, regulate employee performance, devote time to policymaking, and measure future actions. Reports are categorized as external, internal, routine, special, operating, financial, and by management level - top (board of directors, finance director etc), middle (production, sales managers) and junior (foremen, supervisors).
Yenesew Ferede - Welcome to the strange new world of accounting for ...lulumokenin
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and cowe
This business report discusses key aspects of writing business reports, including their purpose, types, characteristics, advantages, objectives, and limitations. It was presented by Dr. Anjali Dhiman, Dr. Swapnil Rathor, Mr. Ravindra, and Mrs. Bharti Thakur. Business reports provide organized, objective information to help organizations make effective decisions and can include financial plans, status updates, or recommendations. They should be accurate, brief, relevant and written for a specific audience.
This document provides information about what a report is and how to write an effective report. It defines a report as a formal document written to convey information to others. The objectives of reports are to record information, assist in decision making, and meet legal or other requirements. An effective report is precise, factual, relevant, reader-centric, objective, simple, brief, well-organized, comprehensible, and uses proper grammar. Reports can be oral or written, informal or formal. They include informational reports, analytical reports, routine reports, and special reports. A formal report follows a standard structure including an opening section, body, and closing section.
The document discusses business reports, defining them as formal communications written for a specific business purpose. It notes that business reports analyze business situations and apply theories to make recommendations. The document outlines different types of business reports, including formal/informal and short/long reports. It also discusses the importance of business reports for providing information to make accurate decisions, analyze data, aid planning and control, and resolve issues. Finally, the document emphasizes considering the report purpose and audience to develop an effective structure and language.
Management Reporting System in Management Accounting Yamini Kahaliya
This Presentation is on management reporting system.
{Reports means a document which helps the management for decision-making process.}
and it includes details about following points :-
Introduction
Objective of reporting
Principles of reporting
Importance of reporting
Qualities of good report
Types of Reports
Forms of Reports
Reports submitted to different level of Management
General Format of Reports
The document provides guidelines for writing different types of research reports. It discusses the purpose and structure of a research report, including key sections like the introduction, methodology, findings, conclusions, and recommendations. It also covers how to prepare and present an oral report on research findings. The document emphasizes that a good research report is clear, concise, accurate, objective and supports conclusions with evidence from the research. It provides researchers with best practices for documenting their work.
Reporting to management provides information to enable managers to assess performance and take corrective actions if needed. It involves systematically providing managers with only the necessary data to aid their understanding and decision making. Management reports are prepared for communication, to satisfy interested parties like shareholders, and to meet legal requirements. They help management understand operations, identify weaknesses, regulate employee performance, devote time to policymaking, and measure future actions. Reports are categorized as external, internal, routine, special, operating, financial, and by management level - top (board of directors, finance director etc), middle (production, sales managers) and junior (foremen, supervisors).
Yenesew Ferede - Welcome to the strange new world of accounting for ...lulumokenin
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and complexity of business and allegations of fraudulent financial reporting have recently sharpened the ever increasing attention to internal control and internal auditing (Karagiorgos et al. 2016). The developing role of the internal auditing is also reflected in its current definition, i.e. internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined
The globalization of economy, technological advancement, and cowe
This business report discusses key aspects of writing business reports, including their purpose, types, characteristics, advantages, objectives, and limitations. It was presented by Dr. Anjali Dhiman, Dr. Swapnil Rathor, Mr. Ravindra, and Mrs. Bharti Thakur. Business reports provide organized, objective information to help organizations make effective decisions and can include financial plans, status updates, or recommendations. They should be accurate, brief, relevant and written for a specific audience.
This document provides information about what a report is and how to write an effective report. It defines a report as a formal document written to convey information to others. The objectives of reports are to record information, assist in decision making, and meet legal or other requirements. An effective report is precise, factual, relevant, reader-centric, objective, simple, brief, well-organized, comprehensible, and uses proper grammar. Reports can be oral or written, informal or formal. They include informational reports, analytical reports, routine reports, and special reports. A formal report follows a standard structure including an opening section, body, and closing section.
This document provides an introduction to the subject of financial accounting. It outlines the key objectives of the lesson which are to understand the meaning and nature of accounting, differentiate between types of accounting, know the development of accounting principles, and explain the importance of accounting. It then discusses the history and development of accounting, the roles and functions of accountants, and the utility of accounting information for various users including individuals, business managers, investors, creditors, and government agencies.
Integrated reporting 101; Getting started with Integrated Reporting in IndiaVrushali Gaud-Shinde
Introduction to Integrated reporting - India
The Securities Exchange Board of India (SEBI) recently raised a circular recommending top 500 companies to adopt Integrated Reporting. This is a quick guide that answers the Why? What? How? questions to get Indian companies started with Integrated Reporting.
The document provides an overview of financial accounting and analysis. It defines accounting and discusses its purpose of providing quantitative financial information to help users make better business decisions. The summary also outlines the key financial statements - the income statement, balance sheet, and cash flow statement - and discusses their purpose in showing financial performance and position. Finally, it discusses the accounting cycle of collecting, recording, and reporting financial data.
Financial and management accounting notes @ mba bkBabasab Patil
This document provides an overview of financial and management accounting. It discusses key topics such as the definition of accounting, the differences between financial and management accounting, accounting standards, books of accounts, financial statements, ratio analysis, fund flow statements, cash flow statements, budgeting, and capital budgeting. The document is divided into 6 units that will cover these various accounting concepts and techniques in more depth across 15 lessons.
This document provides an introduction to the concepts of accounting. It discusses the objectives of accounting, including understanding different types of accounting and their distinctions. The history and development of accounting are overviewed. Accounting is described as the language of financial decisions, and its importance and uses for various stakeholders are outlined. The key types of accounting covered are financial accounting, management accounting, and cost accounting.
The document discusses different types of business reports including informational reports, periodic reports, situational reports, investigative reports, compliance reports, analytical reports, justification/recommendation reports, feasibility reports, yardstick reports, and research reports. It provides examples and discusses the purpose, format, and key elements of each type of report.
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The document discusses different types of typical business reports including periodic reports, situational reports, investigative reports, compliance reports, analytical reports, justification/recommendation reports, and feasibility reports. It provides examples of each type of report and discusses their purpose, format, and key elements. The document aims to provide guidance on writing different business reports for various audiences and situations.
The document provides information about a report written by a group of 5 students - Ananta Dave, Vaishnavi Sahu, Karnjeet Yadav, Pradhuman, and Rohit Pandey - for their teacher Ms. Jaya Chetnani. It acknowledges the teacher's help and guidance. The content section lists the various topics covered in the report such as the definition of a report, the need for report writing, importance of report writing, types of reports, report format, tips for effective report writing, and bibliography.
accounting information and decision makingfarhana rahman
This chapter provides an overview of the exercises, cases, and internet assignments in the textbook. It includes:
1) Descriptions of 15 exercises that cover topics such as users of accounting information, financial reporting, accounting principles, and accounting terminology.
2) Descriptions of 5 cases that explore topics like the reliability of financial statements and accounting systems. The estimated completion times and difficulty levels are provided.
3) A description of an internet assignment directing students to access accounting information on the Rutgers University website.
The document concludes with sample answers to 40 discussion questions that correspond to the chapter material. The questions cover accounting concepts and help students develop communication skills.
Accounting and Bookkeeping services .pdfDavid Brown
Financial reporting and analysis involve the planning of various types of reports and the evaluation of financial information to determine a company's financial situation. Let us learn how an effective financial reporting service can benefit your business.
This document provides an overview of typical business reports. It discusses the purpose of business reports and key elements to consider, such as audience and research. Various types of reports are covered, including periodic reports, situational reports, investigative reports, compliance reports, analytical reports, feasibility reports, yardstick reports, and research reports. For each type, the document outlines typical formats, examples, and things to keep in mind when writing that particular report. Overall, the document serves as a guide for understanding different business report types, their purposes, and general structures.
Bba ii cost and management accounting u 5 management accountingRai University
Management accounting provides internal accounting information to assist management in planning, decision-making, and controlling operations. It identifies, measures, analyzes, interprets, and communicates financial and non-financial information to help the organization achieve its goals. Management accounting focuses on the future and is aimed at helping managers make decisions, while financial accounting provides external reporting focused on the past to parties outside the organization like shareholders and regulators.
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Finance reporting is critical for organisations to communicate financial performance, make informed decisions, and enhance transparency and accountability. Crafting an impactful finance report requires a blend of financial acumen, analytical skills, and effective communication. With the assistance of finance assignment help Australia services, individuals can navigate the complexities of finance reporting, ensuring that their reports deliver actionable insights and drive organisational success. This post explores the key components and best practices for writing impactful finance reports.
Intoduction to management accounting (MAF251)Ismail Noordin
- Management accounting and financial accounting both involve decision making, record keeping and performance evaluation functions. They are both based on the principle of stewardship to be responsible and accountable for financial and operating performance.
- They use the same general accounting system to collect data and develop information. However, management accounting focuses more on internal reporting to help managers with decision making, while financial accounting focuses on external reporting for stakeholders.
- Some key similarities include using the same data collection system and providing information to fulfill accountability of financial and operating performance. However, management accounting reports are more flexible and focus on segments useful for decision making.
Importance of financial reporting analysisyashikagupta48
Financial reporting provides key financial metrics and insights into a company's revenues, expenses, profits, assets, and cash flows. It demonstrates the overall health of a company from a financial perspective. There are three main types of financial reports: the income statement, balance sheet, and cash flow statement. Financial reporting is important as it allows companies to comply with regulations, facilitates audits, and supports financial planning, benchmarking, and decision making for various stakeholders. Overall, financial reporting provides reliable and relevant financial information to stakeholders for purposes such as investment decisions, management accountability, and regulatory compliance.
This document provides an overview of brief learning exercises, full exercises, cases, and critical thinking cases covered in Chapter 1 of an accounting textbook. The exercises cover topics such as users of accounting information, components of internal control, accounting standards, and ethics. They are designed to help students develop skills like analysis, judgment, research, and communication. The cases provide real world examples and assessments of topics like reliability of financial statements and codes of ethics. Estimated completion times and difficulty levels are provided for each case.
The document provides background information on Apple Inc.'s founding and history. It was established in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to sell the Apple I computer kit. In 2007, Apple Computer Inc. changed its name to Apple Inc. The document also discusses research methodology, objectives, limitations and definitions of ratio analysis as it relates to analyzing financial statements. Ratios simplify and summarize accounting figures to assess a company's performance, financial position, and efficiency.
This document provides an introduction to analyzing the financial statements of companies. It discusses the meaning of financial statement analysis and the objectives of analyzing statements to evaluate a company's performance, profitability, debt capacity, and return. It outlines the different users of financial statement analysis, both internal and external stakeholders. Finally, it discusses various methods that can be used to analyze statements, including comparative statements, common size statements, trend analysis, and ratio analysis.
This document provides an introduction to the subject of financial accounting. It outlines the key objectives of the lesson which are to understand the meaning and nature of accounting, differentiate between types of accounting, know the development of accounting principles, and explain the importance of accounting. It then discusses the history and development of accounting, the roles and functions of accountants, and the utility of accounting information for various users including individuals, business managers, investors, creditors, and government agencies.
Integrated reporting 101; Getting started with Integrated Reporting in IndiaVrushali Gaud-Shinde
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The Securities Exchange Board of India (SEBI) recently raised a circular recommending top 500 companies to adopt Integrated Reporting. This is a quick guide that answers the Why? What? How? questions to get Indian companies started with Integrated Reporting.
The document provides an overview of financial accounting and analysis. It defines accounting and discusses its purpose of providing quantitative financial information to help users make better business decisions. The summary also outlines the key financial statements - the income statement, balance sheet, and cash flow statement - and discusses their purpose in showing financial performance and position. Finally, it discusses the accounting cycle of collecting, recording, and reporting financial data.
Financial and management accounting notes @ mba bkBabasab Patil
This document provides an overview of financial and management accounting. It discusses key topics such as the definition of accounting, the differences between financial and management accounting, accounting standards, books of accounts, financial statements, ratio analysis, fund flow statements, cash flow statements, budgeting, and capital budgeting. The document is divided into 6 units that will cover these various accounting concepts and techniques in more depth across 15 lessons.
This document provides an introduction to the concepts of accounting. It discusses the objectives of accounting, including understanding different types of accounting and their distinctions. The history and development of accounting are overviewed. Accounting is described as the language of financial decisions, and its importance and uses for various stakeholders are outlined. The key types of accounting covered are financial accounting, management accounting, and cost accounting.
The document discusses different types of business reports including informational reports, periodic reports, situational reports, investigative reports, compliance reports, analytical reports, justification/recommendation reports, feasibility reports, yardstick reports, and research reports. It provides examples and discusses the purpose, format, and key elements of each type of report.
Bc presentation chapter 13(2) (buss. English)Amaan Hussain
The document discusses different types of typical business reports including periodic reports, situational reports, investigative reports, compliance reports, analytical reports, justification/recommendation reports, and feasibility reports. It provides examples of each type of report and discusses their purpose, format, and key elements. The document aims to provide guidance on writing different business reports for various audiences and situations.
The document provides information about a report written by a group of 5 students - Ananta Dave, Vaishnavi Sahu, Karnjeet Yadav, Pradhuman, and Rohit Pandey - for their teacher Ms. Jaya Chetnani. It acknowledges the teacher's help and guidance. The content section lists the various topics covered in the report such as the definition of a report, the need for report writing, importance of report writing, types of reports, report format, tips for effective report writing, and bibliography.
accounting information and decision makingfarhana rahman
This chapter provides an overview of the exercises, cases, and internet assignments in the textbook. It includes:
1) Descriptions of 15 exercises that cover topics such as users of accounting information, financial reporting, accounting principles, and accounting terminology.
2) Descriptions of 5 cases that explore topics like the reliability of financial statements and accounting systems. The estimated completion times and difficulty levels are provided.
3) A description of an internet assignment directing students to access accounting information on the Rutgers University website.
The document concludes with sample answers to 40 discussion questions that correspond to the chapter material. The questions cover accounting concepts and help students develop communication skills.
Accounting and Bookkeeping services .pdfDavid Brown
Financial reporting and analysis involve the planning of various types of reports and the evaluation of financial information to determine a company's financial situation. Let us learn how an effective financial reporting service can benefit your business.
This document provides an overview of typical business reports. It discusses the purpose of business reports and key elements to consider, such as audience and research. Various types of reports are covered, including periodic reports, situational reports, investigative reports, compliance reports, analytical reports, feasibility reports, yardstick reports, and research reports. For each type, the document outlines typical formats, examples, and things to keep in mind when writing that particular report. Overall, the document serves as a guide for understanding different business report types, their purposes, and general structures.
Bba ii cost and management accounting u 5 management accountingRai University
Management accounting provides internal accounting information to assist management in planning, decision-making, and controlling operations. It identifies, measures, analyzes, interprets, and communicates financial and non-financial information to help the organization achieve its goals. Management accounting focuses on the future and is aimed at helping managers make decisions, while financial accounting provides external reporting focused on the past to parties outside the organization like shareholders and regulators.
Mastering the Art of Impactful Finance Reporting.pdfJohnnyKhalifa
Finance reporting is critical for organisations to communicate financial performance, make informed decisions, and enhance transparency and accountability. Crafting an impactful finance report requires a blend of financial acumen, analytical skills, and effective communication. With the assistance of finance assignment help Australia services, individuals can navigate the complexities of finance reporting, ensuring that their reports deliver actionable insights and drive organisational success. This post explores the key components and best practices for writing impactful finance reports.
Intoduction to management accounting (MAF251)Ismail Noordin
- Management accounting and financial accounting both involve decision making, record keeping and performance evaluation functions. They are both based on the principle of stewardship to be responsible and accountable for financial and operating performance.
- They use the same general accounting system to collect data and develop information. However, management accounting focuses more on internal reporting to help managers with decision making, while financial accounting focuses on external reporting for stakeholders.
- Some key similarities include using the same data collection system and providing information to fulfill accountability of financial and operating performance. However, management accounting reports are more flexible and focus on segments useful for decision making.
Importance of financial reporting analysisyashikagupta48
Financial reporting provides key financial metrics and insights into a company's revenues, expenses, profits, assets, and cash flows. It demonstrates the overall health of a company from a financial perspective. There are three main types of financial reports: the income statement, balance sheet, and cash flow statement. Financial reporting is important as it allows companies to comply with regulations, facilitates audits, and supports financial planning, benchmarking, and decision making for various stakeholders. Overall, financial reporting provides reliable and relevant financial information to stakeholders for purposes such as investment decisions, management accountability, and regulatory compliance.
This document provides an overview of brief learning exercises, full exercises, cases, and critical thinking cases covered in Chapter 1 of an accounting textbook. The exercises cover topics such as users of accounting information, components of internal control, accounting standards, and ethics. They are designed to help students develop skills like analysis, judgment, research, and communication. The cases provide real world examples and assessments of topics like reliability of financial statements and codes of ethics. Estimated completion times and difficulty levels are provided for each case.
The document provides background information on Apple Inc.'s founding and history. It was established in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne to sell the Apple I computer kit. In 2007, Apple Computer Inc. changed its name to Apple Inc. The document also discusses research methodology, objectives, limitations and definitions of ratio analysis as it relates to analyzing financial statements. Ratios simplify and summarize accounting figures to assess a company's performance, financial position, and efficiency.
This document provides an introduction to analyzing the financial statements of companies. It discusses the meaning of financial statement analysis and the objectives of analyzing statements to evaluate a company's performance, profitability, debt capacity, and return. It outlines the different users of financial statement analysis, both internal and external stakeholders. Finally, it discusses various methods that can be used to analyze statements, including comparative statements, common size statements, trend analysis, and ratio analysis.
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2. CHAPTER 1: INTRODUCTION TO
BUSINESS REPORTING
1.1 Introduction of Business Reporting
1.2 Definition of Business Reporting & Business
Report
1.3 Importance of Business Reports
1.4 Types of Business Reports
1.5 Essentials of a Good Report
1.6 Scope of Business Reporting.
1.7Users of Business Report
1.8 Factors Affecting Business Reporting.
3. INTRODUCTION:
It is also called as Enterprise Reporting.
With the dramatic expansion of information technology, and the desire
for increased competitiveness in corporations, there has been an
increase in the use of computing power to produce unified reports which
join different views of the enterprise in one place. This process involves
querying data sources with different logical models to produce a human
readable report—for example, a computer user has to query the Human
Resources databases and the Capital Improvements databases to show
how efficiently space is being used across an entire corporation.
Reporting can be used in another mean for verification and cross-
checks.
A business report is a collection of data and analysis that helps make
relevant information easily accessible to a company.
A business report is a bunch of facts written in a systematic way related to a
specific business matter as per a set of standard protocols.
4. It helps concerned stakeholders to get a thorough knowledge of the
problems and how to overcome the problem.
Business reports are about showcasing a set of business-related
information like facts, analysis, figures, and such. The objective of
business reports is to give the information in an organized manner which
helps to make major decisions and plan for the future. Reports help
businesses plan budgets and decide on promotions and advertisements
based on the drafted information.
When there are different types of business reports, formatting is a concern
to draft a report that makes it easy for the stakeholders to instantly read
through the data without missing out on anything.
Organizations conduct a wide range of reporting, including financial and
regulatory reporting; environmental, social, and governance reporting,
and integrated reporting, implementation of effective reporting processes
is essential for organizations to be able to provide this information.
A business report is a brief description of business events and financial
activities that carries a written presentation in which one analyses a real
situation or a case study of business and applies necessary speculations
and theories to produce a range of suggestions in order to improve the
situation.
5. DEFINITIONS:
A business report is usually a type of upward communication in which
communication process starts from lower level to upper level i.e. An employee
makes a report and submits to related upper person to make usage of it. Such
communication is basically authoritative and the level of authority depends on
the subject and usage of a business report.
In other word, A report which contains business affairs is called business report.
Generally a business report is an impersonal presentation of facts and
information relating to business, trade and commerce. It is an orderly statement
of information that assists in decision making and problem solving.
A business report may be defined as an organized statement of facts or
events or any situation relating to business or commercial interests prepared
after an investigation and presented to the interested persons with or without
recommendations. It facilitates the evaluation of progress and decision
making process for business purpose.
A Business report is defined as an official document that contains factual
information, statistical data, research findings, or any other form of
information relevant to the course of the job.
6. DIFFERENT FAMOUS AUTHORS HAVE DEFINED BUSINESS
REPORT IN THE FOLLOWING WAY:
A business report is an orderly, objective communication of factual
information that serves some business purposes. -by Lesikar and
Petit
A business report is a written message presenting information the
will help a decision maker to solve a business problem. -by Bettly
and Kay
A business Report is a document organizes information on a specific
topic for a specific business purpose. -by Louise E. Boone and
others.
7. OBJECTIVES:
To study available and possible solutions to a problem, event,
situation, or an issue.
To apply commercial and organizational theory to a practical
situation.
To show one’s analytical and evaluation skills in identifying and
weighing-up possible problems existing in business and their
solutions.
To reach up to a conclusion about a problem or an issue.
To suggest required action in future.
To show clear, to the point and precise communication skills.
To assess business performance , provide a quick status check, and
monitor progress towards the strategic goals of the business.
To summarise key business indicators by presenting them in
visually intuitive charts and graphs, easy to read grids and
spreadsheets, pixel perfect documents and interactive dashboards
and scorecards.
To use statistics such as key performance indicators and financial
ratios to present key business metrics.
8. IMPORTANCE:
1. Planning and decision making
2. Measure employee performance
3. Changing business conditions
4. Means of keeping in touch (customers, shareholders, creditors &
government)
5. Measuring executive performance: to perform functions of
planning, measuring and evaluating performance of employees and
resources efficiently.
6. Means of communication
7. Helpful in decision making
8. Useful in knowing unknown information
9. Trains the writer: to come up with strategy or solutions
10. Helps in combating changes
11. Useful to people working in diverse field of activity.
9. SCOPE OF BUSINESS REPORTING:
The scope of the business reports can be discussed as follows:
1. Business reports are widely used in formulating and upgrading
organizational policies and procedures.
2. Reports provide opportunity to look into available investment areas for
future investment.
3. The development ideas and concepts of new product are presented
through a report.
4. Reports highlight about employee grievances and labor relations. This
helps to establish good employees relationship.
5. Reports help the companies to formulate effective marketing
strategies.
6. Investigation report helps to claim any compensation or make any
action.
7. Report provides basis to evaluate any performance.
8. Report speaks about customer's opinion and therefore it helps the
companies to bring necessary changes in product or services.
9. Report helps to establish effective control and coordination.
10. Report shows information regarding various concern of an
organization. This provides proper understanding of any issue or aspect.
10.
11. TYPES OF BUSINESS REPORT:
Reports
Oral Reports
Written
Reports
Informal
Reports
Formal
Reports
Statutory
Reports
Non-
Statutory
Reports
Special
Reports
Interpretative
Reports
Informative
Reports
Routine
Reports
12. Oral Reports- it is a face to face communication of an
observation.
Written reports- it is more accurate and precise.
Informal Reports – it is usually in the form of person-to-
person communication.
Formal reports- it exist in a prescribed form.
Statutory report- It is made & presented according to the
form as per law.
Non- Statutory Reports – Not necessary under any law.
Routine Reports- daily report as per prescribed form.
Special Reports – prepared as per situation or
occasions.
Informative Reports- It presents the data collected &
facts observed.
Interpretative Reports- it not only contain facts but also
interpretative or evaluation of data.
13. 1.5 ESSENTIALS OF GOOD REPORT:
1) Accuracy
2) Suitability of facts
3) Relevancy
4) Reader orientation
5) Simple language
6) Conciseness
7) Grammatically correct.
8) Fair recommendations
9) Clarity
10) Presentation.
14. USERS OF BUSINESS REPORT:
Businesses commonly have a variety of stakeholders, from
owners to employees and debtors to creditors, all of whom have
an interest in the business being in sound shape. Your
company's financial statements provide detail information that
allows people both inside and outside of the company to assess
its current condition, its prospects for growth and any potential
financial risks.
Key Internal Users
Key External Users
Other Users
A. Various kinds of Audiences:
Primary audience: people who make decisions on the basis of
the Business Report.
Secondary Audience: people who will be affected by the actions
of primary audience.
Immediate Audience: People who are responsible for examining
the business report.
15. B. REPORT CONSUMERS:
1. Report consumers:
• Simplest reporting needs
• Users who simply want to log into an easy access environment, like web application, click
on the link and get their Business report.
• Report consumption can happen multiple times per day, weekly, monthly or quarterly.
2. Interactive report consumer:
• Has reporting requirement
• They want to filter the reports based on products , geography, etc.
• They link one report to another to get more details.
• They need the solution from reporting tool to meet their need.
• They need the clarity to make the appropriate business decision.
3. Production report Consumers:
• Production report can be thought of as statements, invoices, bills and even mailing
labels.
• They can be internal users, such as account receivable clerks, shipping and receiving
and financial auditors
• They can be external users such as consumers or partners.
16. FACTORS AFFECTING BUSINESS REPORTING:
Basic Factors:
Absurd Information: untrue or illogical information leads to
unauthentic report.
Subjectivity or Partiality: it will affect the reliability of the business
report.
Complexity: would not be easily understandable.
Ambiguity: uncertainty will make report doubtful and with a lot of
errors.
Excessive predictions: it will make the report unreliable.
Improper formatting:
Incorrect method of data collection
Should be signed by responsible authority and addressed properly or
it would not hold value.
Incomplete Data
Too lengthy reports are difficult to analyze.
17. IMPORTANT FACTORS:
1. It should serve the business need.
2. It should be realistic to be implemented.
3. It has to be specific.
4. It clearly identifies assumptions.
5. It’s communicated to the people who have to run it.
6. It should have a proper follow up process.
18. CLASS TEST NO. 1
Q1. ANSWER THE FOLLOWING (ANY TWO): (10 MARKS EACH)
1) Define Business Report and State its Importance.
2) Enumerate the essentials of a good report.
3) What are the different types of business report?
4) Summarise the various factors affecting business Reporting.
