Question

sarah would like to create a new custom management report for her client. how would she accomplish this? create a new template under custom reports and save to management reports copy an existing template under management reports copy an existing template under custom reports and save to management reports create a new template under management reports

Answer 1

correct option is A, create a new template under custom reports and save to management reports.

Custom management reports: what are they?

It should be noted that the custom management report combines the balance sheet and income statement account views in order to provide a comprehensive picture of the business.

A management report is what?

The management report serves as a channel for conveying crucial information from upper to lower management. It consists of informational facts and crucial data provided orally, in writing, and visually (Graphs, Charts and Pie-Charts).

It periodically reveals the discrepancy between actual performance and planned/budgeted performance. After that, take the appropriate remedial action to enhance performance. Additionally, it monitors the key performance indicators for the company (KPIs).

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