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