1.

State differences between reporting and communicating (or communication).

Answer»
ReportingCommunication
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


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