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