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