Flashcards
F2 Chapter 5
Cards in this deck (25)
- 1Purpose of reportThe purpose of a report must be clear and certain general principles should be followed in planning and giving structure to a report
- 2Stylistic qualities of a reportobjectivity and balance and ease of understanding.
- 3How to keep the Main body of the report short enough to hold the reader's interest,To keep the main body of the report short enough to hold the reader's interest, detailed explanations, charts and tables of figures should be put into appendices. The main body of the report should make cross-reference to the appendices in appropriate places.
- 4What are tablesTables are a simple way of presenting information about two variables .
- 5short formal reportThe short formal report is used in formal contexts, such as where middle management is reporting to sneior management. It should be laid out according to certain basic guideliunes. It will be split into logical secitons, each referenced and headed appropriately.
- 6Short informal reportShort informal report is used for less complex and lower-level information. You as assistant management accountant could be asked to prepared such a report for the Management accounts manager.
- 7memorandumAn ordinary memorandum may be used for flexible informational reports: aside from the convenient title headings there are no particular requirements for structure, heading or layout. The writer may consider whatever is logical, convenient and attractive for the reader.
- 8Table features• Table should have clear title
• All columns should be clearly labelled
• The information should be inserted into the appropriate places in the table
• Where appropriate there should be clear subtotals.
• Total columns may be present
• A total figure is often advisable at the bottom of each column of figures.
• Information presented should be easy to read. - 9three main types of bar chartsimple, component (including percentage component) and multiple (or compound).
- 10The most suitable way of presenting information will depend on the following.• What the information is intending to show.
• Who is going to use the information - 11A bar chartA bar chart is a method of presenting information in which quantites are shown in the form of bars on a chart the length of the bars being proprotional to the quantities.
- 12Simple Bar charts DefintionSimple bar chart is a chart consists of one or more bars, in which the length of each bar indicates the magnitude of the corresponding information.
- 13Simple bar charts serve two interpretation purposes• They show the actual magnitude of each item.
• They enable one to compare magnitudes, by comparing the lengths of bars on the chart - 14A Component bar chart is a bar chart that gives a breakdown of each total into it components.• How total sales have changed from year to year
• The components of each year's total - 15Component bar chart example
- 16Component bar chart vs % component bar chart
- 17% component bar chart
- 18Mulitple bar chart (or compound bar chart)bar chart in which two or more separate bars are used to present sub divisions of information
- 19Multiple bar charts present similar information to component bar chart, except for the following.• Multiple bar charts do not show the grand total whereas component bar charts do.
• Multiple bar charts illustrate the comparative magnitudes of the components more clearly than component bar charts. - 20Multiple bar charts
- 21pie chartA pie chart is a chart which is used to show pictorially the relative size of component element of total (KT)
- 22Advantages of pie charts• Give a simple pectoral display of the relative sizes of elements of a total.
• They show clearly when one element is much bigger than others
• They can clearly show differences in the elements of two different totals. - 23Disadvantages of pie charts• They only show the relative size of elements
• They involve calculating degrees of a circle and drawing sectors accurately, and this can be time consuming unless computer software is used.
• It is often difficult to compare sector size easily. - 24Scatter diagramsScatter diagrams are graphs which are used to exhibit data (rather than equations) in order to compare the way in which two variable vary with each other.
- 25What are scatter diagrams mainly used for?The trend line: Scatter diagrams are used to try to identify trend lines
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- Flashcards on F2 Chapter 5, created by D A on 12/06/2017.
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