Chapter 13 ABCC

Actual

"what happened" from one time period to another EX: Shows what happened, or what was sold over the course of the last five days in the hardware store between July 10th and July 14th of 2021.

forecast

"what was projected to happen" from one time period to another EX: Shows what was projected to happen, or forecast during July 10th and July 14th of 2021.

Laborer

Report Type: detailed Data/Source: internal Decision Type: tactical

Executive

Report Type: most summarized Data/Source: internal/external Decision Type: strategic

Supervisor

Report Type: summarized Data/Source: internal Decision Type: tactical

Manager

Report Type: summarized Data/Source: internal/external Decision Type: strategic/tactical

Budget, Forecast, and variance reports

Analysis and predictive reports include combinations of ___________, ____________, & ____________ ____________

Strategic

Completely summarized reports support what types of decisions?

periodic

Most reports are _____________ in nature, meaning that they are produced at given intervals, sometimes daily, weekly, or monthly.

highly detailed

Supervisory reports are considered what?

TPS Reports support what type of decisions?

Tactical

3

The Actuals heading shows ___ columns:

3

The Forecast heading shows ___ columns:

Variance

between the two periods. Shows the difference between the Actuals and Previous columns.

tactical decision

specific actions that serve a larger purpose

Management Reporting

summarized from the TPS reports and can sometimes be used for strategic decisions, but it is generally used for tactical decisions that require specific actions.

Reporting Summarization Levels

the level of detail or level of summarization in a report

Management Level Reporting

the level of detail or summarization appropriate for a certain level of employee regardless of report type

reconciliation

the process of matching and comparing figures in accounting records and, in this case, matching and comparing reports 7.1 and 7.2.

make sound business deciosions

the ultimate purpose for all business reporting is to

demand reports

can be produced whenever needed sometimes called ad hoc reports

graphical reporting

can reveal trends within a business. visual nature

time specific reporting

combines all three aspects that can lead to both tactical and strategic decisions.

Analysis & Predictive Reporting

generate reports that analyze information and are predictive in nature in order to make strategic and/or tactical decisions.

Supervisory Reporting

highly detailed and generated directly from the transaction processing system, and it is rarely used for high-level decision-making.

Business System Reporting

informational output from an information system to facilitate decision-making

Strategic decision

refer to long-term planning designed to achieve a specific goal

trend reporting

reporting tendencies in business

top-level executive reporting

requires very little detail like that which the transaction processing system reports provide

Previous

Shows what transpired over the previous five day period from July 5th to July 9th of 2021.

Three main aspects of reporting

(all inter-related) Reporting Summarization Levels Analysis & Predictive Reporting Management Level Reporting

database

Many large organizations never commit their TPS reports to paper and simply leave their TPS data stored in a large _______________.

strategic, tactical

Reports help businesses analyze information and can be predictive in nature to make _______________ and ______________ decisions.

strategic

Reports that are completely summarized are generally always strategic in nature, especially when they are compared to the same report within a different time frame.

tactical

Reports with the most detail are for what types of decisions?

strategic

Reports with the most summarization are for what types of decisions?

groundwork

Transaction processing systems and the data they provide are the ________________ for all other reports.

Strategic

What kind of decision is long-term?

tactical

What kind of decision requires specific actions?

Transaction Processing System (TPS)

collects and stores data (typically in a database) regarding the hardware store's daily sales