Financial accounting refers to information that investors or creditors would utilize on an external basis. For example, a company’s supplier may require financial records to ascertain if they are worthy to receive credit. Managerial accounting assumes the role of an internal function that pertains to outlining, administering, and supervising the daily activities of a company (Edmonds, Olds, Tsay, & McGraw-Hill/Irwin, 2008). As the manager of an individual Costco store, there would be several, various types of information that I would deem essential for the efficiency of my store. A weekly associate schedule, along with overtime capabilities for each day, would be necessary. The inventory of products in the store, as well as the ordering of
