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