A management report is a formal business document that discloses a company's profit and loss statements in one- to four-month periods. Management reports are utilized by higher management professionals, such as CEOs and CFOs, to determine where the business needs to cut expenses and focus on developing future product or service revenue streams.
Management reports generally break down an organization's profits and losses by department, clients, products and geographic regions. These types of business reports are usually written by mid-level managers who receive their data from computerized reporting systems.
While management reports are invaluable profit and loss evaluation tools for private companies, public organizations — such as schools and legislative offices — are required by law to publicly disclose this information to their constituents each year.