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