Report is a one sort of tool for communication It’s thought of report as upward communication device. Studies may be classified in varied features relying on their capabilities, working enviornment, Time interval, Topic Matter, Geography, Size and Path. These four paperwork serve the objective of wanting on the funds of the corporate from four totally different angles to give the reader a complete and properly-rounded view of the financial state of affairs and performance of the company. It is usually a means of facilitating the exchanges between all of the stakeholders by offering a standard framework to report very important details about the company. The balance sheet summarizes what the corporate owns, such as the value of its properties, equipment, or some other assets, and what he owes, or in other phrases, any legal responsibility it has to third events, such as loans from the financial institution, for instance.