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