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