Which reports require information about historical performance?

To determine which reports require information about historical performance, it's important to understand the nature of the options provided.

Progress reports typically focus on the status of ongoing projects, detailing current progress, setbacks, and future steps. They often require historical data to provide context for the current status, allowing stakeholders to evaluate how the project has evolved over time. This background information helps in identifying trends and assessing whether the project is on track compared to previous milestones or past performance metrics.

In contrast, compliance reports primarily assess adherence to regulations or standards at a given point in time, without necessarily requiring historical data to be effective. Cash flow statements and income statements, while they do reference past financial activity to present a current picture, are more focused on specific financial periods rather than on ongoing performance trends. They contain comparable figures from previous periods, but their main purpose is to analyze current financial status rather than track progress toward future goals.

Therefore, progress reports stand out as the reports that distinctly incorporate historical performance to inform current evaluations and future planning.