Total Operating Expenses Operating Profit Depreciation GAAP Company Name Income Internal Net Sales S- Corporation COGS Human Resources Function Conservatism Principle Revenue Recognition Concept Merchandising Sales < Expenses Limited Liability Company Cash Basis Public Accounting Expenses Revenue Assets = Liabilities + Owner's Equity Profit IFRS Finance Function FASB Balance Sheet Retained Earnings Sales > Expenses Income Statement Gross Profit B- Corporation Sole Proprietorship Accounting Information System Function Accrual Basis Gross Profit - Operating Expenses = _________ Owners Equity Service Telephone Financial Accounting Monetary Unit Concept Business Entity Concept Loss Production & Operation Function Forensic Accounting Managerial Accounting Assets Periodicity Concept Calendar Year Corporation Net Sales - COGS = _________ Materiality Principle Principle Interest Gain 3m Stakeholders Shipping, Labor, Materials Net Income Going Concern Concept Tax Accounting Capital Liability Manufacturing External Returns Sales Revenue Operating Expenses Fiscal Year Taxes Partnership Rent 4q Marketing Function IASB Matching Principle Total Operating Expenses Operating Profit Depreciation GAAP Company Name Income Internal Net Sales S- Corporation COGS Human Resources Function Conservatism Principle Revenue Recognition Concept Merchandising Sales < Expenses Limited Liability Company Cash Basis Public Accounting Expenses Revenue Assets = Liabilities + Owner's Equity Profit IFRS Finance Function FASB Balance Sheet Retained Earnings Sales > Expenses Income Statement Gross Profit B- Corporation Sole Proprietorship Accounting Information System Function Accrual Basis Gross Profit - Operating Expenses = _________ Owners Equity Service Telephone Financial Accounting Monetary Unit Concept Business Entity Concept Loss Production & Operation Function Forensic Accounting Managerial Accounting Assets Periodicity Concept Calendar Year Corporation Net Sales - COGS = _________ Materiality Principle Principle Interest Gain 3m Stakeholders Shipping, Labor, Materials Net Income Going Concern Concept Tax Accounting Capital Liability Manufacturing External Returns Sales Revenue Operating Expenses Fiscal Year Taxes Partnership Rent 4q Marketing Function IASB Matching Principle
(Print)
Total Operating Expenses
Operating Profit
Depreciation
GAAP
Company Name
Income
Internal
Net Sales
S-Corporation
COGS
Human Resources Function
Conservatism Principle
Revenue Recognition Concept
Merchandising
Sales < Expenses
Limited Liability Company
Cash Basis
Public Accounting
Expenses
Revenue
Assets = Liabilities + Owner's Equity
Profit
IFRS
Finance Function
FASB
Balance Sheet
Retained Earnings
Sales > Expenses
Income Statement
Gross Profit
B-Corporation
Sole Proprietorship
Accounting Information System Function
Accrual Basis
Gross Profit - Operating Expenses = _________
Owners Equity
Service
Telephone
Financial Accounting
Monetary Unit Concept
Business Entity Concept
Loss
Production & Operation Function
Forensic Accounting
Managerial Accounting
Assets
Periodicity Concept
Calendar Year
Corporation
Net Sales - COGS = _________
Materiality Principle Principle
Interest
Gain
3m
Stakeholders
Shipping, Labor, Materials
Net Income
Going Concern Concept
Tax Accounting
Capital
Liability
Manufacturing
External
Returns
Sales Revenue
Operating Expenses
Fiscal Year
Taxes
Partnership
Rent
4q
Marketing Function
IASB
Matching Principle
