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Accounting Report for Peers

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You are preparing an accounting report for your peers. How formal should this report be? Might this be different if the report was for your manager? Might this report be different if the owner of a business was your client?

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Solution Summary

This solution explains how formal a report should be when it is being prepared for peers and if it should be different if the same report was being prepared for a manager. I further explain if the report would be different if the owner of a business was the client.

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The reports would be written differently for each of the three main groups listed even though the content of the report wouldn't change. If the accounting report was written for peers, less time would be spent on the proper formatting of the report. Doing so would be a waste of time and resources. However, if ...

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