Eb1.
lo 1.2indicate whether the statement describes reporting by the financial accounting function or the managerial accounting function of an organization.

the users of the report are managers who need a daily summary of work done each shift.
the report is a job cost sheet for jobs completed in a 24-hour period.
the annual report is released each year on the company’s website.
the report is audited by the company’s certified public accountant firm.
the report is prepared every day because the customer service manager needs information about inventory ready to be shipped to customers.

For answer,please see explanation.

Explanation:

The following statements describe the reporting by Managerial accounting function of the organization:

The users of the report are managers who need a daily summary of work done each shift.

The report is a job cost sheet for jobs completed in a 24-hour period.

The report is prepared every day because the customer service manager needs information about inventory ready to be shipped to customers.

The following statements describe the reporting by Financial accounting function of the organization:

The annual report is released each year on the company’s website.

The report is audited by the company’s certified public accountant firm.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.