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