Models of Reporting
Reports may be presented in the form of written statements, graphs or oral.
Formal financial statements: These statements may deal with any one or more of the following:
i. Actual against the budgeted figures.
ii. Comparative statements over a period of time
This statement may deal with statistical analysis of a particular type of expenditure over a period of time or sales of a product over a period in different regions, etc.
The ratios may either form part of the formal financial statement or be given in the form separate statement.
The information may be presented by means of graphic reports which give a better visual view of the data than the long array of figures given in statements. Charts, diagrams and pictures are the usual form of graphic reports. They have the advantage of facilitating quick grasp of significant trends by receivers of information.
Oral reports are mostly presented at group meetings and conferences with individuals.