Reporting | Communication |
1. Reporting is only upward transmission of information. | 1. Communication is both downward and upward transmission of information. |
2. Report is prepared by the Management Accountant. | 2. The communication is forwarded by a responsible officer or the section supervisor. |
3. Report is only a written document. | 3. Communication may be in oral too. |
4. The function of reporting starts when accounting information comes to an end. | 4. Communication is a continuous process. |
5. A report consists of draft, schedules statements, charts, graphs and any other statistical presentation. | 5. Communication mainly consists of sentences |
6. The reports may be sent weekly, monthly, quarterly or yearly i.e. reports are time bound. | 6. Communication is not time bound. It keeps on following as and when required |