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