Posted in Finance, Accounting and Economics Terms, Total Reads: 622
Definition: Report Date
Report date is the date on which the conclusions are transmitted to the client. A report is a formal account of the proceedings or transactions of a group. It is a document containing information organized in a narrative, graphic, or tabular form, prepared on ad hoc, periodic, recurring, regular, or as required basis. Reports may refer to specific periods, events, occurrences, or subjects, and may be communicated or presented in oral or written form.
The reporting element maybe a specific item or task for which cost, evaluation, technical, or any other type of data is collected. The reporting requirements may include necessary information required by a governmental body, organization, or employer and is often required within a certain period of time and within a specific format. The aim of reporting maybe to inform the client, appraise the client of the financial statements or other requisite details of the businesses in concern, to keep the client in loop of the project milestones and concluded activities or to submit the consultation narrative to the client.