Management report is a statement made by management and it is used to compare the actual results achieved with the budgeted forecast levels. This report helps the management to see where they went wrong and they apply other measures to improve the business.
A business
management report is
a
formal statement of
the results of
a
business, or of any matter on which definite information is required, made by some person or body. It may be presented orally or in written form. In business management report, situations are analyzed, conclusions drawn, alternatives considered and recommendations made.