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