A report is a document that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are almost always in the form of written documents
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In modern business scenario, reports play a major role in the progress of business. Reports are the backbone to the thinking process of the establishment and they are responsible, to a great extent, in evolving an efficient or inefficient work environment.
The significance of the reports includes:
Reports present adequate information on various aspects of the business.
All the skills and the knowledge of the professionals are communicated through reports.
Reports help the top line in decision making.
A rule and balanced report also helps in problem solving.
Reports communicate the planning, policies and other matters regarding an organization to the masses. News reports play the role of ombudsman and levy checks and balances on the establishment.
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One of the most common formats for presenting reports is IMRAD—introduction, methods, results, and discussion. This structure, standard for the genre, mirrors traditional publication of scientific research and summons the ethos and credibility of that discipline. Reports are not required to follow this pattern and may use alternative methods such as the problem-solution format, wherein the author first lists an issue and then details what must be done to fix the problem. Transparency and a focus on quality are keys to writing a useful report. Accuracy is also important. Faulty numbers in a financial report could lead to disastrous consequences.