business reports that list only totals, with no individual item details, are called ____.,

0
36
tie, necktie, adjust @ Pixabay

If you’re in business or work for a company, chances are you’ve come across proprietary reports before. These reports list totals and other general information but don’t include any of the individual details that go into making up the total. A lot of people are curious about how to read these reports. So we put together this guide to help with that.

tie, necktie, adjust @ Pixabay

– Proprietary reports often include a list of totals with no individual item details and can be graphs or tables.

– A specific example is an income statement for a business that lists revenue but doesn’t break it down into the cost of goods sold. Gross margin, operating expenses including depreciation, financing costs (interest), etc., are all other possible lines in the typical Income Statement report.

– These types of reports are common among businesses because they’re designed to provide general information without revealing too much about how each part contributes to total revenues. __are usually created by someone who has access to confidential data from their company’s financial records. These people might only work on one or two aspects of the organization.

LEAVE A REPLY

Please enter your comment!
Please enter your name here