The primary objective of individual reporting is to inform the board or the decision-makers of a company about the financial situation of their business. It should create transparency regarding the company’s situation as well as highlight key figures and indicators as required by internal guidelines. Individual reporting does not follow any legally prescribed rules or standards. Content, form and scope can be adapted and designed according to the specifications and guidelines of a company. This means that in such individual report the focus and priorities contribute significantly to the comprehensibility of the figures and thus make controlling processes easier to supervise. The selected period for the reports are set by the customer and follow a certain plan, which designates when and which figure is to be revised (weekly, bimonthly, monthly, quarterly, and yearly).
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