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