Reporting to Management
REPORTING TO MANAGEMENT
Description also available in video format (attached
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Introduction
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A process of providing information to
different levels of management like
o
Top
o
Middle
o
& lower level of management
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The main aims of reporting is
o
To judge the effectiveness of the
responsibility centers
o
Become a base for taking corrective measures
Definition,
Objectives & Advantages of RTM
· Definition
o
An organized method use to provide data to
the all managers of all levels for the ease in decision making
· Objectives
o
Means of communication
o
Satisfy interested parties
o
Legal requirements
· Advantages
o
Ease to understand the functional areas
o
A tool to identify the areas of weaknesses
o
Regulate & control the performance of
employees
o
Devote more time on policy formulation
o
Course of action is taken with great care
o
Develop public relations
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Basis to measure performance
Different
Levels & Types of Reporting
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Levels of Management
o
Top Management Level
§ Board of Directors
§ Finance Director
§ Production Director
§ Sales Director
o
Middle Management Level
§ Managers of different departments
o
Junior Management Level
§ Supervisors of different departments
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Types of Reports
o
External reports (published financial statements
of companies)
o
Internal reports (Internal audit report)
o
Routine reports (reporting of daily basis
production)
o
Special reports (report prepared by CA)
o
Operating reports (DPR)
o
Control reports (stock analysis report)
o
Information reports (previous year data)
o
Financial reports (balance sheets)
Video
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