Types of business reports

Types of business reports

The following points highlight the top four types of reports prepared for management, i.e, (1) Classification on the Basis of Object and Purpose (2) Classification on the Basis of Nature (3) Classification on the Basis of Period (4) Classification of Reports on the Basis of Functions. Reports for Management Type # 1 Nov 21,  · There are several different types of business reports including analytical reports, informational reports and research reports. Formatting is vital when writing business reports in order to make the report type easily recognizable and easy to read. Business reports Report writing is a formal style of writing elaborately on a topic. The tone of a report is always formal. The important section to focus on is the target audience. For example – report writing about a school event, report writing about a business case, etc. Let us briefly discuss the different kinds of reports

Types of Reports | Business Communication Skills for Managers

Business reports convey different types of the necessary information about a business e. The main motive of reports is to provide a business the essential information for planning and major decision making like expansions and investments. Formatting different business reports are critical because you need to make the report easily and quickly readable and instantly recognizable without missing any important information.

Business reports are undoubtedly a very crucial part of every business. There are various types of business reports depending on the need and situation.

The mentionable ones among them are types of business reports below:. Informal business reports are made conveniently which will be useful to the reporter and can be presented to the demanded person immediately. You can present these reports in the form of a business letter or a memorandum too. These reports are called informal reports because no fixed format is maintained for these. Formal business reports are prepared in a specified format and are presented to the appropriate authorities in a so far established manner.

These reports are submitted to bodies or committees or heads of different departments or organizations. The reports formally give a description of a business, so they are called formal business reports. These business reports are prepared to give information in a descriptive manner addressing an issue or a problem or a situation.

These reports give information in a detailed and exhaustive manner that is utilized by the authorities for gaining an insight into the issue or problem or situation. So, these reports are called informative business reports. The analytical or interpretive or interpretative business reports provide facts, numbers, opinions or views for interpreting specific information or problem or situation.

This report may also have reasons for a specific issue as to why a specific issue or an event occurred and what should be the course of action as well as a recommendation for the issue or event. The report which is prepared with the help of important details discussed in a business meeting is known as a summarized business report. The business report made by secretaries or someone else that records word to word conversations made in a business meeting is known as a verbatim business report.

For instance, a resolution of auditor appointment has passed in the business meeting and the resolution is recorded word to word as a verbatim report. Again, in voting where joint votes of separate members are considered, the verbatim reports contain names, ways of voting and the results. An organization has several situations where finding a fact becomes necessary. These situations need in-depth reasoning, types of business reports. Types of business reports such cases, the fact-finding report is beneficial presenting facts from a third person view.

These reports are submitted to the top management and they take necessary actions about the situation immediately based on the report. Problem-solving business reports assist to solve a problem by recommending or suggesting an action plan regarding a specific situation, types of business reports.

The report also includes the reasons for such problems and the conclusion is made in several ways which can be applied for solving the problem. This report also includes ways of avoiding the problem in the future by taking specific steps. As technology is ever-growing, the companies are continuously upgrading themselves with the newest technology.

Whenever such a technological change happens in a company a technical business report is made to determine the technology level. These reports contain a detailed way to follow including money and time which will be required.

This assists the top management in planning and deciding for the future. The performance report is prepared for analyzing these things. These reports are crucial for the management for arriving at a decision. So, the seniors of the departments or branches or respective people prepare these reports. The special committee report is another name types of business reports the ad-hoc committee report. It is quite clear from the name that a special committee is formed for dealing with the types of business reports and this committee is dismissed after the presentation of the report.

Special committees are formed in specific or special cases such as accidents of employees during work or fire in office premises, types of business reports, etc. A committee appointed for a certain reason is known as a standing committee.

The reason can be departmental assessment, employee assessment or financial assessment. The standing committee is required to submit a detailed report of these things and this report is called a standing committee types of business reports. Many organizations require submission of these reports at frequent intervals, types of business reports.

In these cases, a single report is made and submitted to the official committee. Otherwise, types of business reports, the majority of the members prepare their own report and submit to the appropriate authority.

This report is types of business reports the majority report. If there is a difference of opinion among the members on the subject, the report may be separately submitted by the other members.

The separate reports submitted by the dissenting members are called minority reports. This report is presented to the corporate heads so that they can have a detailed study of the business year. The most exhaustive among the types of reports are the research reports. Generally, types of business reports, these reports are needed when a company attempts to venture into new territories like to expand into a new geographical region or to offer a new product, etc.

These are the most time-consuming and complex to prepare among all types of business report. About Contact Us Terms. The mentionable ones among them are mentioned below: Types of Business Report Informal Business Report Formal Business Report Informative Business Report Analytical or Interpretive Business Report Summarized Business Report Verbatim Business Report Fact Finding Business Report Problem Solving Business Report Technical Business Report Performance Report Ad-hoc Committee Report Standing Committee Report Majority Report Minority Report Annual Report Research Report Each of the types is described below: Informal Business Report Informal business reports are made conveniently which will be useful to the reporter and can be presented to the demanded person immediately, types of business reports.

Formal Business Report Formal business reports are prepared in a specified format and are presented to the appropriate authorities in a so far established manner, types of business reports. Informative Business Report These business types of business reports are prepared to give information in a descriptive manner addressing an issue or a problem or a situation. Analytical or Interpretive Business Report The analytical or interpretive or interpretative business reports provide facts, numbers, opinions or views for interpreting specific information or problem or situation.

Summarized Business Report The report which is prepared with the help of important details discussed in a business meeting is known as a summarized business report.

Verbatim Business Report The business report made by secretaries or someone else that records word to word conversations made in a business meeting is known as a verbatim business report. Fact Finding Business Report An organization has several situations where finding a fact becomes necessary. Problem Solving Business Report Problem-solving business reports types of business reports to solve a problem by recommending or suggesting an action plan regarding a specific situation.

Technical Business Report As technology is ever-growing, the companies types of business reports continuously upgrading themselves with the newest technology. Ad-hoc Committee Report The special committee report is another name of the ad-hoc committee report. Standing Committee Report A committee appointed for a certain reason is known as a standing committee.

Research Report The most exhaustive among the types of reports are the research reports. Article Published By Typesof. Previous: Types of Financial Statements with Explanation. Next: Types of Companies with Examples.

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Business Reports

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Types of Business Report with Description | blogger.com

Jun 06,  · A business report is a compilation of facts and statistics about a particular aspect of a business. It’s usually a snapshot in time, reporting on a certain period. 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 Report writing is a formal style of writing elaborately on a topic. The tone of a report is always formal. The important section to focus on is the target audience. For example – report writing about a school event, report writing about a business case, etc. Let us briefly discuss the different kinds of reports Marketing reports take on many forms. In this post, we’ll look at 12 different types of reports and their best use cases. If you’ve ever wondered how to use such reports in different business scenarios — whether it’s communicating results to clients or relaying information between various departments —