Definition Of Business Report

A business report which is also known as a formal report is a data compilation a short account or a plan or even summarized minutes of a certain meeting.

Definition of business report. A report is an impersonal presentation of facts. The information may be facts figures or a detailed analysis of any situation. A business report is a written document that provides information and sometimes analysis to assist a business in making informed decisions. In simple words it can be stated as the acquisition of information or knowledge for professional.

Definition and uses 7 53. There is a large amount of information which needs to be conveyed in every business and business report to just that. Business research is a process of acquiring detailed information of all the areas of business and using such information in maximizing the sales and profit of the business. This article throws light upon the top eight types of report.

Business reporting or enterprise reporting refers to both the public reporting of operating and financial data by a business enterprise and the regular provision of information to decision makers within an organization to support them in their work. It performs many functions. Analyzing facts informing and recommending suggestions helping making decisions and so on. Normal business operations that occurred during that quarter are analyzed and explained in the analytical report helping the business to make sound decisions going forward.

A business report is a compilation of facts and statistics about a particular aspect of a business. Informational reports informational reports present non biased facts without presuming to explain the whys and what ifs of the situation. It s usually a snapshot in time reporting on a certain period. The two most common forms of report writing are news report writing and academic report writing.

For example an annual report covers important financial data and occurrences providing a financial snapshot for that year while a quarterly report covers a specific quarter of. Such a business report is basically a way communicating logically summarized and formatted information to associates superiors or subordinates. Business reports are the formal way to present a piece of information which needs to be communicated in a business. Businesses make important decisions and plan for the future of the company based on.

1 formal or informal reports 2 short or long reports 3 informational or analytical reports 4 proposal report 5 vertical or lateral reports 6 internal or external reports 7 periodic reports 8 functional reports.