Classification of business reports

Auditing Classification of Report Report is a one kind of tool for communication. It is considered report as upward communication tool. A Good Report writer keeps deep knowledge on the part of his arena.

Classification of business reports

The size and scope of the report will depend on internal policy and protocols, as well as on the contents of the report and its intended usage.

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The objective is to create documents that are detailed and all-inclusive, and that deliver key points in a way that is informative and easy to understand. Briefs A brief is a succinct overview of a particular issue or topic that provides a summation of the issue being discussed or debated.

For example, if your boss asks you to attend a conference on best practices in customer service, she may request a brief following the event. In this instance, you would provide an overview of the conference, and highlight the main take-always.

classification of business reports

Briefs should be short, but contain enough valuable information they can be distributed to others and serve a practical purpose. Summaries A summary is a written compilation of a larger piece.

Using this example, you might ask for financial highlights, details on new programs, or national rankings in key areas. Letters or MOUs A letter report is a very simplistic approach to relaying information. You may use this format when outlining the terms of a discussion or informal agreement, or as an introduction to a larger more complex document.

A more formal letter report is a memorandum of understanding, or MOU, in which the terms of an agreement or project are outlined with key elements of project management, financial oversight and contributions highlighted.

Memos Memos are the standard form of brief report typically used for things such as brief announcements, reminders or updates. Typically used internally, a memo may be issued to note a job promotion, new hire, a termination or new internal protocols.

It may also be used to issue group thanks or acknowledgement, issue a reminder or provide an update on a project of event. Larger, more formal reports include annual reports, earning reports, audits, analytical reports and academic reports.

classification of business reports

Each of these report formats typically include introductions, tables of contents, executive summaries, chapters or sections and an appendix.

These are often used to deliver complex information, convey the results of studies or surveys or to demonstrate research findings.

Classification of Report | Business Consi

References 2 Elon University:May 23,  · This type of report presents information on particular topic but does not provide any explanation and recommendations.

Example: Annual reports, progress reports of taskforces, etc. (ii) Analytical: Analytical reports not only present and analyze data but also interpret the data and make recommendation.

Different Types of Reports Used in Business After thorough study, collection of all relevant facts and information and proper scrutiny and analysis of a problem relating to past or present, submission of the conclusions supported by statements and other relevant data etc.

is called a report, which offers suggestions for solution of the problem. The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S.

business economy. Typical Business Reports. So far we have seen two broad categories of reports that Are . Informational Reports. Forms and classification of online business According to (Adam, Z.R.), the major different types of e-commerce (B2B) Business-to Business, (B2C) Business-to-Consumer, (B2G) Business-to-Government, (C2C) Consumer-to-Consumer and M-commerce which is mobile commerce.

Jul 01,  · Reports represent a way for those in a business to communicate facts, figures and information in a prepared, professional format. The size and scope of the report will depend on internal policy and protocols, as well as on the contents of the report and its intended usage.

Types of Business Reports | Bizfluent