Team Reporting

The reporting is a process of providing information to various levels of management so as to enable in judging the effectiveness of their responsibility centers and become a base for taking corrective measures, if necessary.
The reporting to management can also be called as management reporting or internal reporting.
A report is used as a means of upward communication. A report is prepared and submitted to someone who needs that information for carrying out functions of management.
The interested parties of management report are top management executives, government agencies, shareholders, creditors, customers and general public. Different types of management reports are prepared to satisfy above mentioned interested parties.
Reports provide valuable and important records for reference in the future. As the facts and investigations are recorded with utmost care, they become a rich source of information for the future.