The periodical reports communicates the result of company activities for the period. so the user can take decisions according to the information provided.
Explain the purpose of a periodic performance report (two benefits)
periodic reports of a firm's financial position or operating results.
General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.
The purpose for the reports is so that it will show you how many reports you have.
The purpose for the reports is so that it will show you how many reports you have.
The King Reports are guidelines and frameworks that aim to improve corporate governance and ethical behavior within organizations. They provide principles and recommendations for effective governance practices, transparency, and accountability to enhance organizational performance and stakeholder trust.
An SRID is a Senior Rater ID, which is used in Enlisted Performance Reports (EPRs) and Officer Performance Reports (OPRs).
2) A firm issues periodic reports called:
Special purpose financial reports are tailored financial statements designed for specific needs or stakeholders, rather than for general use. These reports often focus on particular aspects of a company's financial performance or position, such as project budgets, grant compliance, or internal management assessments. They may not adhere to standard accounting principles like GAAP or IFRS, as they are created to meet the unique requirements of the intended audience. Examples include reports for tax filings, internal management evaluations, or financial reports for lenders.
The evaluative purpose is intended to inform people of their performance standing
general purpose
performance monitors