What is Financial Reporting
Financial Reporting involves the disclosure of financial information, generally in the form of statements, prepared in compliance with appropriate accounting guidelines. These statements indicates how the company is performing over a specific time frame.
What is Management Reporting
Management Reporting involves the disclosure of factors that may or may not be financial in nature but ultimately impact the financial performance of the business. These factors will differ from business to business and industry to industry, some examples are:
Benefits of effective Financial & Management Reporting
Are your Reporting systems working effectively
Approach to improve your Reporting