Operational Performance

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August 31, 2024 4 min read Definitions

Operating Statement: Detailed Financial Performance Analysis

Finance Management Financial Reporting Budgeting Performance Analysis Management Accounting Operational Performance

An operating statement is a comprehensive financial and quantitative report provided to an organization's management to record and evaluate the performance of a specific operational area for a selected budget period. This statement includes production levels, incurred costs, revenue generation, budget comparisons, and historical performance data.