Question:
1. Select a financial institution (bank, credit union, brokerage firm, etc.) that you use or are familiar with.
2. Explain how financial and managerial accounting would affect or be used by both investors in and employees of this institution.
3. Define financial and managerial accounting in the essay
For example, if you were a stockholder of Wells Fargo, how would the company's financial accounting be relevant to you? If you were employed by Wells Fargo as a manager, how would managerial accounting be relevant to you?