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