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