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