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