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