Strategic Management—Advancing the role of the management accountant as a strategic partner in the organization. Performance Management—Developing the practice of business decision-making and managing the performance of the organization.
Reports by Inspectors appointed to investigate the affairs of the company. Contents of Statutory report The statutory report contains the following information.
Total number of shares allotted whether fully paid up or partly paid up. Total cash received for shares allotment. An abstract of cash receipts and payments. The name, address, occupation of the directors of the company. Material information of a contract.
What is a Non-Statutory report Non-statutory reports are prepared in order to help the board of directors or top executives to take a quality decision for the effective control and management of business organization but not required under the provisions of any law.
These reports are prepared whenever demanded by the Secretary or by the Directors or their committees for submission to the shareholders, directors, employers or committee or sub-committees. Reports of Committees of Directors appointed by the Board. Reports of Individual Officers of the company i.
Secretary, Auditor, Manager etc. Reports of Directors to Shareholders The Board of Directors are preparing the report with regard to any specific problems or any new projects and presented in the Annual General Meeting.
Sometimes, the report is annexed with the Profit and Loss Account and Balance Sheet of preceding accounting year. The state of affairs of the company.
The declaration of dividend. Amount proposed to be carried on to reserved capital. Any major changes in the financial commitment of last accounting period.
Reports of Committees of Directors The committees are formed by the Board of Directors in order to help them for able administration of the company. Such committees are standing committees. These committees submit their reports directly to the Board.
Out of these persons, secretary is asked to prepare the report frequently with regard to the following matters.What is SBR?
Standard Business Reporting or SBR is a standard approach to online or digital record-keeping that was introduced by government in to simplify business reporting obligations. Standard Business Reporting is a group of international programs instigated by a number of governments to reduce the regulatory burden for business.
The concept is to make business the centre when it comes to managing business-to-government reporting obligations.*.
Aug 08, · Wikipedia. Noun. reporting (countable and uncountable, plural reportings) (economics, journalism) The creation of reports, as for a business or a journal.
Translations. creation of reports. Traditional Standard Costing (TSC), used in Cost Accounting dates back to the ’s and is a central method in management accounting practiced today because it is used for financial statement reporting for the valuation of Income Statement and Balance Sheet line items such as Cost of Goods Sold (COGS) and Inventory valuation.
What is a Statutory Report. According to Companies Act , a report is prepared by the board of directors of every public limited company and forward the same to its every shareholder, called statutory report, at least 21 days before the day on which the statutory meeting is to be held.
The Australian initiative, branded the Standard Business Reporting Program, soon developed into a holistic approach to governmental communication with B2G and G2G sharing of data received from enterprises, the goal of which is to simplify and streamline the exchange of business information.