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