Planning and control decisions. The plan or budget communicates the financial goals the organization will achieve, while control arises from feedback on how well the plan has been achieved and reasons why the plan has not been achieved. a. Annual financial statements communicate what was achieved. The annual report is a standardized control report on financial performance. It is feedback on what the organization accomplished. b. Internal periodic reports of financial performance are control reports. c. The report of losses suffered from a storm is a financial report that is a control report. Externally the insurer will use the report to estimate the amounts it will reimburse Softmoc according to the insurance contract. Internally the managers will use the report to modify their plan and generate the most appropriate response to an unanticipated event. The actual event will also initiate review of the adequacy of the insurance coverage relative to its cost. These new data will be used in subsequent plans for future insurance coverage and its cost. d. Weekly reports of the total quantity of particular shoes sold are feedback. They are control reports internally because a comparison can be made with the plan to determine if the plan