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Annual Report
                                                    Government Report
                               Types of Report      Academic/Educational Report
                                                    Audit Report
                                                    Committee Report

          i.  Annual Report
              It  is  a  report  prepared  by  a  company,  corporation  or
          other institution at the end of each fiscal year to evaluate the
         performance progress during the year. It is prepared once in
         a year. Annual report is a must for a company to submit to
         the  annual  general  meeting  of  the  shareholders  for  getting
         approval. The directors of a company prepare it by mentioning
         the  progress  and  achievement  of  annual  targets  and  the
         problems and difficulties faced during the performance. It also
         includes the annual financial statements i.e. the income and
         expenditures statement, balance sheet, etc. An annual report is
         an important tool for performance appraisal.                       Annual report

           Key Point   The report which is prepared by the companies, constitutional bodies and
                       others organizations after completion of a year disclosing the part progress,
                       problems during the year, activities done in a year, achievement, etc. is
                       known as annual report.


          ii.   Government Report
              A report prepared by a government authority mentioning
          about  the  plan,  its  expenditure  and  achievement  for  public
          knowledge is known as government report. The government
          of  any  country  launches  a  number  of  programmes  and
          projects in different public welfare sectors in order to render
          services to its people. It incurs a large amount of expenditure
          and different costly resources in such programmes. It should
          publish the detail statement of the programme regarding its
          income and expenditures and the achievement from time to
          time  for  public  knowledge.  Collection  of  revenue,  budget
          of  country,  expenditure  of  budget,  achievement  of  goods
          and  plans,  service  to  the  public,  etc.  are  the    examples  of   Government report
          government report.

           Key Point   The report which is prepared by the government to give information to
                       the public about government plans, policies, programmes, activities done
                       by government, budget, etc. is called government report.





               16    Aakar’s Office Practice and Accountancy - 10                                                                                          Office Procedures           17
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