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