Following reports may be provided by a Cost Accounting Department for the use of its executives: Cost sheets setting out the total cost, analyzed into various elements, giving comparative figures for the previous period and for other plants under the same management.
A report is a communication from someone who has information to someone who wants to use that information. A formal report is a report, which is prepared in accordance with the requirements of a statute or established practices and is submitted to the person having official status.
There are various types of reports from different point of views. From the point of view of formalities, there are two types of reports like formal report and informal report. The reports prepared by the executives of companies because of their positions are called formal report.
Report is a summary of information. It is a statement prepared to present facts relating to planning, Coordinating, performance and the general state of business in an organization.