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