1. External reporting.
The externally reported financial statements of an organisation.
These include summaries, in conventional and prescribed formats, of the organisation's assets, liabilities, income, expenditure and cash flows.
2. Internal reporting - summaries.
The internal financial summaries used by an organisation.
Also known as management accounts.
3. Internal reporting - full details.
The fully detailed internal financial records of an organisation, from which summary financial statements or management accounts may be prepared.