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