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