Author Question: Differentiate between periodic reports and functional reports.[br][br][b][color=black]Question ... (Read 113 times)

bio_gurl · **on:** Jun 23, 2018

Differentiate between periodic reports and functional reports.

Question 2

Communication from management during the Sago mine tragedy was handled in a timely and effective manner.
Indicate whether the statement is true or false

shaquita · **Reply #1 on:** Jun 23, 2018

Answer to Question 1

Periodic reports are issued on regularly scheduled dates. They are generally directed upward and serve management control purposes. Daily, weekly, monthly, quarterly, semiannual, and annual time periods are typical for periodic reports. Preprinted forms and computer-generated data contribute to uniformity of periodic reports.

Functional reports serve a specified purpose within a company. The functional classification includes accounting reports, marketing reports, financial reports, personnel reports, and a variety of other reports that take their functional designation from their ultimate use. For example, a justification of the need for additional personnel or for new equipment is described as a justification report in the functional classification.

Answer to Question 2

F