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In order to understand the concept of MANAGEMENT REPORTING {MR}, we first need to understand the concepts management and report separately.

Management--- the art of taking care of things or taking decisions in such a way so as to run the business organization smoothly.

Report---the examination and analysis of the collected data of facts and figures and giving that data in a simpler form to the person who is in need of it.

So, on the whole, MR is the report that will help the managers to make the decisions in a right way at the right time.

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