What is APR (Annual Performance Report) ?
1 Replies
Saurabh
(Chartered Accountant)
(69 Points)
Replied 15 November 2010
| Originally posted by : Ameet | ||
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What is APR (Annual Performance Report) ? |
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A performance report is a report on the performance of the entity. They are routinely produced by entity which, being financed by public money, are required to show that the money was spent efficiently and usefully. Such reports will contain performance indicators which measure the achievements of the organisation and its programmes.
Statement that displays measurements of actual results of entity's activity over some time period is Performance Report. These results are ideally compared with budgeted or standard measurements obtained under some conditional assumptions over the same period. Variations from such budget or standards are known as Variances and may be favorable or unfavorable depending upon lower or higher measurements relative to the standards. Corrective action is taken for unfavorable performance.
For example, for a police department, the report might show the number of arrests, number of convictions by crime category and the change in the crime rate.
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