External Reporting

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Definition: External Reporting

Quick Summary of External Reporting

Reporting financial information to those users with a valid claim to receive it, but who are not allowed access to the day-to-day records of the business.

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What is the dictionary definition of External Reporting?

Dictionary Definition

External reporting is the issuance of financial statements to parties outside of the reporting entity. The recipients of such reports are usually investors, creditors, and lenders, or those who need the information to evaluate the financial condition of the reporting entity.

Synonyms For External Reporting

external information, extraneous information, outside information, external information item, external information sources

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/external-reporting/
Modern Language Association (MLA):
External Reporting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 14, 2020 https://payrollheaven.com/define/external-reporting/.
Chicago Manual of Style (CMS):
External Reporting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/external-reporting/ (accessed: July 14, 2020).
American Psychological Association (APA):
External Reporting. PayrollHeaven.com. Retrieved July 14, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/external-reporting/

Definition Sources

Definitions for External Reporting are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020 | 59 Views.