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