•To communicate the changes
•To inform about the progress
•To analyze the inputs against the outputs
•To share the lesson learns
•To inform others what you did against what you planned
•Analyze the recommendations
•Risk reduction preparation
•To plan accordingly for up-coming period
If you're talking about the objectives of modern journalists, many of them have an agenda to spread liberal thought. True journalism is giving an accurate account of what has actually happened, without adding a spin of any kind.
objectives or purpose of management reporting
The ways of reporting data so that it meets the aims and objectives depends on what the aims are. Reporters have an obligation to report the truth.
Standards of consistency, quality, information sharing between Accountants, and transparency in reporting are the base objectives of public sectors accounting.
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
the needs of the users of the information.
There are actually four internal control objectives of financial reporting. They are 1) Control Environment 2) Risk Assessment 3) Information and Communication Systems 4) Monitoring. These internal control objectives help aid in presenting financial statements that are free of material misstatements. But just because internal control measures are implemented, doesn't mean people cannot circumvent those controls.
The key financial reporting objectives outlined in the conceptual framework are as follows: -Usefulness -Understandability -Target audience:investors and creditors -Assessing future cash flows -Evaluating economic resourses -Primary focus on earings
Managers
# Coordination, # Reporting procedures, # Showing Responsibilities of individuals, # Improving communication orders, # Improving decision making easy. By Justin Nyaama
# Coordination, # Reporting procedures, # Showing Responsibilities of individuals, # Improving communication orders, # Improving decision making easy. By Justin Nyaama
Accountability is the classical view on financial reports meaning u should report as close to real world as possible. Decission usefullness is about reporting as what should be best for decissionmakers(investors)
The FASB's conceptual framework consists of the following four items:1. Objectives of financial reporting.2. Qualitative characteristics of accounting information.3. Elements of financial statements.4. Operating guidelines (assumptions, principles, and constraints).yayGT