Providing information that will assist management in making decisions for the organization’s future operations
Often ad-hoc and helps analyze a specific situation
Mgmt reporting also provides information that will assist management in making decisions for the organization’s future operations
This type of reporting can be ad-hoc and used to analyze a specific situation
For example:
A new office expenses are higher than planned.
Mgmt has a couple options but will need financial information for both
Revenues from a new product are below budget
Again mgmt. has a few options but needs to know how much each will cost and what the expected increase in revenue from each would be