B Chapter 25

B Chapter 25 - BChapter25 ReportingandEvaluation...

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B Chapter 25 Reporting and Evaluation Control Reports  contain  key   indicators/performance/success factors Characteristics of Key’s: Has an important impact on  performance of the responsibility center It is volatile-can change quickly If change occurs, prompt action should  be taken Change can be measures by related key  indicator
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Three Types of Reports are prepared for   managers : Performance Reports: For a responsibility  center an ( 1)   Economic Performance   Report  (Income Statement), and a  (2 Managerial Performance Report  [Control  Report] (Compares to Budget) ( 3)   Information Report -Details what has  happened, and expectations for future  events Contents of Control Reports: Should be related to personal  responsibility Actual performance should be 
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This note was uploaded on 12/07/2010 for the course ACCT 2030 taught by Professor Harris during the Spring '10 term at U. Memphis.

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B Chapter 25 - BChapter25 ReportingandEvaluation...

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