Managerial and financial accounting

Real-World Example

Visit the website for Stitch Fix (Personal styling for everybody) and locate its last quarterly report.https://www.stitchfix.com

Review the quarterly report to gain a general understanding of the company’s primary business segments and products/services. Write an essay addressing the following questions based on your research.

• What products and services does the company provide?
• How does the financial information provided in the quarterly report (focus on the income statement) differ from financial information used for managerial accounting purposes?
• As a manager making business decisions within the company, what additional information would you need? (Remember that the income statement may be referred to using different terminology such as statement of earnings or statement of operations.) Give at least two specific pieces of information desirable to a manager, but not included in the published income statement.