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