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