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  • Internal Reporting: Define Criteria That Can Be Used To Determine The Quality of Internal Management Reports

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    The document defines internal reporting and provides best practices for creating effective internal reports. It discusses defining criteria for quality internal management reports, including consistency, reliability, timeliness, and objectivity. The document also outlines the internal reporting process of data collection, report preparation, presentation, and documentation. It provides recommendations for improving internal reporting through leveraging technology, developing key metrics, and presenting more useful data. Finally, the document discusses layout considerations for internal reports including format, recipients, and issuers as well as providing examples.

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    Internal Reporting 1

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    The document defines internal reporting and provides best practices for creating effective internal reports. It discusses defining criteria for quality internal management reports, including consistency, reliability, timeliness, and objectivity. The document also outlines the internal reporting process of data collection, report preparation, presentation, and documentation. It provides recommendations for improving internal reporting through leveraging technology, developing key metrics, and presenting more useful data. Finally, the document discusses layout considerations for internal reports including format, recipients, and issuers as well as providing examples.

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    1K views20 pages

    Internal Reporting: Define Criteria That Can Be Used To Determine The Quality of Internal Management Reports

    Uploaded by

    Victoria
    The document defines internal reporting and provides best practices for creating effective internal reports. It discusses defining criteria for quality internal management reports, including consistency, reliability, timeliness, and objectivity. The document also outlines the internal reporting process of data collection, report preparation, presentation, and documentation. It provides recommendations for improving internal reporting through leveraging technology, developing key metrics, and presenting more useful data. Finally, the document discusses layout considerations for internal reports including format, recipients, and issuers as well as providing examples.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    of 20

    Internal Reporting

    Define criteria that can be used to determine the quality of


    internal management reports

    1
    Agenda

    1. Defintion
    2. Problems of Internal Reporting
    3. Principles of Internal Reporting
    4. Internal Reporting Process
    5. How to improve Internal Reporting?
    6. Layout of Internal Reports
    7. Layout Recommendations
    8. Examples of Internal Reports
    2
    1. Definition

     Financial data or other info accumulated by one individual


    to be communicated to another within a business entity.

     The information assists others in the decision-making


    process.

    3
    2. Problems of Internal Reporting

     Commitment of senior management

     Sufficient time and financial resources

     Quality of implementation

     Background and experience of the staff

    4
    3. Principles of Internal Reporting

     Consistency
     Reliability
     Focus on action
     Timeliness
     Easy to use
     Objectivity
     Economy

    5
    4. Internal Reporting Process

    Data collection

    Preparation of written report

    Presentation and discussion

    Documentation of results
    6
    5. How to improve Internal Reporting?

     Leveraging technology

     Developing key metrics

     Speeding up the process

     Presenting more useful data

     Reducing information overload

    7
    6. Layout of Internal Reports
    6.1 Reasons for Reports

    6.2 Types of Report and their Contents

    6.3 Report Format and Reporting Date

    6.4 Report Recipients

    6.5 Report Issuers

    8
    6.1 Reasons for Reports

     Documentation

     Planning

     Controlling

     Monitoring

    9
    6.2 Types of Reports and their Contents

    There are three different types:


     Regular report
     Exception report
     Ad-hoc report

    Important for the Contents of the Report:


     Structure of the report
     Level of detail
     Format
     Information content

    10
    6.3 Report Format and Reporting Date

    Important for the Format:


     Amount of information
     Presentation
     Visual aids

    Key points of the Reporting Date:


     Reporting cycle
     „Information overload“
     Reporting date
     „The faster, the better“

    11
    6.4 Report Recipients

     Focus on employees of a company

     Main target group; usually the Management

     Selection criteria

     Hierarchical

     Functional

    12
    6.5 Report Issuers

     Controlling

     Accounting

     Treasury

     Investor Relations

     Etc.

    13
    7. Layout Recommendations

     What is the purpose of the information provided and how


    will it be used?
     What type of report should be produced?
     When should the report be published?
     What format should the report have?
     What is the main information that the user of the report
    should remember?

    14
    8. Examples of Internal Management Reports

    15
    8.1 Construction Project

    16
    8.1.1 Evaluation of the Construction Report

     One page progress report

     Good Visual Aids (Graphs and Tables)

     More specific comments needed

     Written conclusion or summery missing

    17
    8.2 ABC NEWSAGENT – WEEKLY MANAGEMENT REPORT

    18
    8.2.1 Newsagent

     Weekly management report


     Budget comparisons
     Forecasts available
     Colorcoding

     Scores of figures
     Clear table format

    19
    Thank you for your attention!!!

    20

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