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