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