Business Applications Case Financial versus managerial accounting An article in the April 12, 2004, edition of BusinessWeek,

Question:

Business Applications Case Financial versus managerial accounting An article in the April 12, 2004, edition of BusinessWeek, “The Costco Way—Higher Wages Mean Higher Profits” compared Costco Wholesale Corporation data with Wal-Mart’s Sam’s Club data.

The tables below present some of the data used to support this claim.

Required

a. Is the information in the tables above best described as primarily financial accounting data or managerial accounting data in nature? Explain.

b. Provide additional examples of managerial and financial accounting information that could apply to Costco.

c. Explain why a manager of an individual Costco store needs different kinds of information than someone who is considering lending the company money or investing in its common stock.

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