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