What is Management Report?

There are various definitions of management report but one that I’d prefer the best is …

“A professional discipline that is primarily concerned with the management of data based information. The systematic and mathematic controls to recorded information in the operation of an organization’s business. Such records of management reports during various stages of their business life cycle – from transactional startup, through processing, until ultimate phase. The purpose of management report is to promote economies and efficiencies in record keeping so as to facilitate its access and use.”