What is the main characteristic of a Popular Report?

A Popular Report is fundamentally characterized as a condensed version of an external financial report. These reports aim to present financial and operational information in a way that is accessible and understandable to a broader audience, including stakeholders outside of the organization, such as the public, community members, and non-financial stakeholders. By simplifying the data and emphasizing key highlights, Popular Reports help convey the essential financial story without overwhelming the audience with excessive detail.

This format contrasts with extensive and technical accounting records, which are typically more detailed and targeted at individuals with specialized knowledge, such as accountants or auditors. While some reports focus on internal management needs, their character is significantly different from the overarching goal of a Popular Report, which seeks to engage various external parties. Additionally, a Popular Report does not solely concentrate on compliance issues; while compliance can be a component of such reports, the primary aim is to provide a broad overview of financial health and performance rather than focusing exclusively on regulatory compliance aspects.