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