Hence, the top management may seek a report for solving the problem. The preparation of these reports requires much care and thorough knowledge of the given problem.
Generally, it takes the form of a person to person communication. It can be referred to again and again and is by its very nature more formal than an oral report. Most of the time. You have to ensure an appropriate level of formality, fairness, objectivity and sensitivity in your report so that your audience never gets confused and feels boring while presenting it.
If there is a fall in this ratio, it will show that fixed assets have not been used as efficiently, as they had been used in the previous year. Moreover, the report is concluded with the ways of solving the problem. The formal reports are classified into two types. Since the purpose of these reports is to give information to the management on specific routine subjects, they are also called informational reports.
It may be calculated by two methods: These reports are based on some research work conducted by either an individual or a group of individuals on a given problem. This higher the ratio, more secure the lenders is in respect of payment of interest regularly.
Legal or Regulatory Reports Often, reports are required and are generated to serve a legal or regulatory purpose. What is the earning per share. A report prepared and issued at regular intervals for routine activities of the business is known as periodic report. However, the types of reports we are discussing here are those which business executives and their assistants write as part of their duty in an organization.
In some situations, independent committees are formed to analyze and create reports from an outsider perspective.
A report containing financial information is known as a financial report. Reports of scientific research, feasibility reports are the best examples of analytical report.
Whenever a company is going to introduce mechanical process instead of manual process, the level of technology required assessed. Secondly, before attempting to design a new classification system, it is important to check that the data sets to be classified and fed into the system are of good quality.
Business reports, an important communication tool, and they affect everybody from interns to executives and investors. Businesses will use several types of reports.
G♣ Analytical Report: It is the one kinds of report which attempts to solve the problems. Such report includes presentation of facts as well as analysis, explanation, conclusion and recommendations.
Reports of scientific research, feasibility reports are the best examples of analytical report. There are three different classifications of business. 1- primary businesses are businesses that extract things from the ground.
2- secondary businesses are businesses that ma ke things out of raw materials. 3- tertiary businesses are businesses that sell the product made.
CLASSIFICATION OF BUSINESS REPORT. A broad classification of Business Reports categorizes them into: Oral Reports; Written Reports ORAL REPORTS. Oral Reports are verbal reports. The communication process of information through oral reports does not base on a written document.
Instead, it is conveyed verbally i.e. by words of mouth, by reporting in person. Types of Business Reports in Business Communication. Reports on the basis of Importance or Frequency. 1. Ordinary or Routine Report; 2. Special Report; Reports on the Basis of Legal Formalities. 1. Formal Report; 2.
Informal Report; Reports on the basis of Function. 1. Informative Report; 2. Interpretative Report; Reports on the basis of meetings. 1. Verbation Reports; 2. The other is “reporting” taken in a more general meaning.
In the first case, reporting is the art of collecting data from various data sources and presenting it to end-users in a way that is understandable and ready to be analyzed.Meaning and classification of business reports