It is important to understand the reporting structure in a medium to large size firm to ensure that it satisfies the major interested parties.
Reports can be broadly classified as:
- External Reports
- Reports to government agencies, regulatory commissions, creditors, investigative agencies and other groups external to the firm.
- Normally reports are quite extensive and comprise a significant portion of the overall reporting activities of the business
- These reports are costly and consume a lot of management attention.
- Report to Owners
- Comprises traditional annual report and special report concerning special issues or item of interest.
- Based upon “generally accepted accounting principles
- Internal Reports
- Confidential reports
- Not for any external group mainly for internal management needs
- Can be categorized as statistical reports, special reports and performance reports.
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Click here to go to All topics on Report Writing re: Performance Reports on Management Control
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