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