Put yourself into a hypothetical managerial role for a manufacturing organization (you choose what kind). What types of managerial accounting reports would you require in order to make day to day types of decisions of your operations? Spend some time describing your business, the reporting and how it would benefit you. Based on the same hypothetical business describe the differences you would anticipate seeing on the balance sheet and income statement as opposed to a business in the service sector. Talk about what you would typically see in the merchandise inventory sections. Discuss the different steps necessary to arrive at balance sheet and income statement totals