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