1. Report gives consolidated & updated information
A study provides consolidated, factual together with an up-to-date information almost a item affair or subject. Information inward the study is good organized together with tin move last used for hereafter planning together with determination making.
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2. Report every bit a agency of internal communication
A study acts every bit an effective agency of communication inside the organization. It provides feedback to employees. It is prepared for the information together with guidance of others connected amongst the affair / problem.
3. Report facilitates determination making together with planning
Report furnish reliable information which tin move last used inward the planning together with determination making process. It acts every bit a treasure identify of reliable information for long term planning together with determination making.
4. Report discloses unknown information
Reports furnish information, which may non last known previously. The commission members collect data, draw conclusions together with furnish information which volition last novel to all concerned parties. Even novel concern opportunities are visible through unknown information available inward the reports.
5. Report gives Information to employees
Reports are available to managers together with departments for internal use. They are widely used past times the departments for guidance. Report furnish a feedback to employees together with are useful for their self-improvement.
6. Report gives reliable permanent information
The information provided past times a study is a permanent add-on to the information available to the office. We induce got census reports (prepared since concluding 100 years) which are used fifty-fifty today for reference purpose.
7. Report facilitates framing of personnel policies
Certain reports relating to employees are useful land preparing personnel policies such every bit advertisement policy, preparation policy together with welfare facilities to employees.
8. Report gives information to shareholders
Some companionship reports are prepared every twelvemonth for the create goodness of shareholders. Annual study for example, is prepared together with sent to all shareholders earlier the AGM. It gives information almost the progress of the company.
9. Report gives information to the Registrar
Annual study together with annual accounts are sent to the Registrar every twelvemonth for information. Such reports enable the authorities to popular off on supervision on the companies.
10. Report solves electrical flow problems
Reports are useful to managers land dealing amongst electrical flow problems faced past times the company. They furnish guidance land dealing amongst complicated problems.
11. Report helps directors to induce got prompt decisions
Company reports relate to internal working of the companionship together with are extremely useful to directors inward determination making together with policy framing. Reports laissez passer on reliable, updated together with useful information inward a compact form.
