Management reporting captures the data needed by an organization’s managers to run their business
Management reports assist management in answering key questions about their business, such as:
Do we have enough cash for payroll and expenses?
Are we performing the way we expected? Are we on track to meet our goals?
Are our products priced correctly?
What is our most profitable region? Most profitable product?
Who are our most profitable customers? Who are our least profitable customers?
Qs: What do you think mgmt. reporting means?
-It captures the data needed by an organization’s managers to run their business
-Helps managers answer key questions – like
Go through bullets
Qs: Any other questions managers might have?