In general, executive reports are more generalized than managerial reports. They provide current, past and budgeted information using selected key performance indicators with a description of where the company stands and what to expect in a future chosen period. They are usually monthly, quarterly and yearly. The way we can look at it is, executive reports are an executive summary of a company dashboard. They usually come attached to a dashboard highlighting events, situation and whatever the executives should pay attention to. It also highlights strengths, weaknesses, threats and opportunities. Note that every company has different ways of making executive reports as it depends on the executives reading the report. If the executive requires more information, the report will consist of greater details. No matter the detail included in the report, it should always be a tool to guide the company to achieve the mission, vision and values.
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As for managerial reports, they are more detailed, comparing budgeted vs actual financial information and non financial information using key performance indicators. Some managerial reports even have the detail that composes the reports so managers can ensure accuracy of the content of those reports. The information is so detailed that the mangers have enough information to answer questions from the executive team. The goal is to provide information on the status of the managers department to help him run the department. The more the information is relevant and complete, the easier it will be to understand where the department stands, therefore, increasing the departments performance.