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