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Finance
University of Perpetual Help System – JONELTA
San Gabriel, General Mariano Alvarez, Cavite

Progress Report
Periodic Report
Project Completion Report
(Business Correspondence)

BS Accountancy II

I. INTRODUCTION

Business letters and reports are one of the ways for any business to communicate with all of its stake holders. These stake holders may include customers, suppliers, employees, shareholders, management, government and the public in general. Business letters are the life blood of communication for any business. There are many types of business letters in use. Many people thought that business letter would be a thing of the past once the email and other technology seep into the offices. This notion has so far been proven false. Business letters are still in wide use and their importance hasn't been diminished to the slightest.

Reports communicate information which has been compiled as a result of research and analysis of data and of issues. One of a good way to keep a customer up to date on the progress of a project is to send a report or letter to the client. This is very important during projects since the consumer is the recipient of the work. The letter should be concise and should contain all the information about the project. A time line or a Gantt chart should be included in order to show the progress much more clearly. This is a good indicator of the direction and accomplishments done for the purpose of the consumer.

II. DISCUSSION

Progress Report * This report assesses the extent to which a given project has achieved its stated objectives, as a certain date. * This is a document that describes the progress of a particular person or event over a specific period of time. Progress reports are often used to judge the development of a project or person doing a task before or between official reviews. Progress reports are valuable to determine if projects are advancing, if a person is making improvements on a job

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