Business reporting

Business reporting or enterprise reporting refers to both "the public reporting of operating and financial data by a business enterprise,"[1] and "the regular provision of information to decision-makers within an organization to support them in their work."[2]

Reporting is a fundamental part of the larger movement towards improved business intelligence and knowledge management. Often implementation involves extract, transform, and load (ETL) procedures in coordination with a data warehouse and then using one or more reporting tools. Reports can be distributed in print form, via email or accessed via a corporate intranet.

With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place.[3] This reporting process involves querying data sources with different logical models to produce a human readable report—for example, a computer user has to query the Human Resources databases and the Capital Improvements databases to show how efficiently space is being used across an entire corporation.

Reporting can be used in another mean for verification and cross-checks. Audit teams like FINRA and SEC adhere to reports for all business firms. Standard Business Reporting is a group of international programs instigated by a number of governments with the end of make business the centre when it comes to managing business-to-government reporting obligations.[4]

References

  1. ↑ Lymer, Andrew. "BUSINESS REPORTING ON THE INTERNET" (PDF). Retrieved Nov 6, 2013.
  2. ↑ Hill, Gregory. "a guide to enterprise reporting". Retrieved Nov 6, 2013.
  3. ↑ Moeller, Robert (2007). COSO Enterprise Risk Management: Understanding the New Integrated ERM Framework. Wiley. ISBN 0-471-74115-9.
  4. ↑ "Standard Business Reporting Program". Commonwealth of Australia. 2002. Retrieved 14 October 2010. Reducing the reporting burden for business.

See also

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