List of Fundamental Accounting Concepts

Last updated: 4/23/2021 4:48:22 PM

Line	Financial Statement Location	Concept Name	Concept Label	Required to report?	May redefine or replace?	May create new?	May add new subclass?
1	Balance sheet	fac:Assets	Assets	YES	NO	NO	YES
2	Balance sheet	fac:CurrentAssets	Current Assets	YES	NO	NO	YES
3	Balance sheet	fac:CurrentLiabilities	Current Liabilities	YES	NO	NO	YES
4	Balance sheet	fac:Equity	Equity	YES	NO	NO	NO
5	Balance sheet	fac:Liabilities	Liabilities	NO	NO	NO	NO
6	Balance sheet	fac:LiabilitiesAndEquity	Liabilities And Equity	YES	NO	NO	NO
7	Balance sheet	fac:NoncurrentAssets	Noncurrent Assets	NO	NO	NO	YES
8	Balance sheet	fac:NoncurrentLiabilities	Noncurrent Liabilities	NO	NO	NO	YES
9	Cash flow statement	fac:NetCashFlow	Net Cash Flow	YES	NO	NO	NO
10	Cash flow statement	fac:NetCashFlowFromFinancingActivities	Net Cash Flow From Financing Activities	YES	NO	NO	NO
11	Cash flow statement	fac:NetCashFlowFromInvestingActivities	Net Cash Flow From Investing Activities	YES	NO	NO	NO
12	Cash flow statement	fac:NetCashFlowFromOperatingActivities	Net Cash Flow From Operating Activities	YES	NO	NO	NO
13	General	fac:BalanceSheetDate	Balance Sheet Date	YES	NO	NO	NO
14	General	fac:DocumentFiscalPeriodFocus	Document Fiscal Period Focus	YES	NO	NO	NO
15	General	fac:DocumentFiscalYearFocus	Document Fiscal Year Focus	YES	NO	NO	NO
16	General	fac:DocumentType	Document Type	YES	NO	NO	NO
17	General	fac:EconomicEntityIdentifier	Economic Entity Identifier	YES	NO	NO	NO
18	General	fac:EconomicEntityName	Economic Entity Name	YES	NO	NO	NO
19	General	fac:EntityFiscalYearEnd	Entity Fiscal Year End	YES	NO	NO	NO
20	General	fac:IncomeStatementStartPeriodYearToDate	Income Statement Start Period (Year to Date)	NO	NO	NO	NO
21	General	fac:ReportingStyleCode	Reporting Style Code	YES	NO	NO	NO
22	Income statement	fac:CostOfRevenue	Cost Of Revenue	NO	NO	NO	YES
23	Income statement	fac:CostsAndExpenses	Costs And Expenses	NO	NO	NO	YES
24	Income statement	fac:GrossProfit	GrossProfit	NO	NO	NO	NO
25	Income statement	fac:IncomeLossFromContinuingOperationsAfterTax	Income (Loss) From Continuing Operations After Tax	YES	NO	NO	NO
26	Income statement	fac:IncomeLossFromContinuingOperationsBeforeTax	Income (Loss) From Continuing Operations Before Tax	YES	NO	NO	NO
27	Income statement	fac:IncomeLossFromDiscontinuedOperationsNetOfTax	Income (Loss) From Discontinued Operations, Net Of Tax	NO	NO	NO	NO
28	Income statement	fac:IncomeTaxExpenseBenefit	Income Tax Expense (Benefit)	YES	NO	NO	YES
29	Income statement	fac:NetIncomeLoss	Net Income (Loss)	YES	NO	NO	NO
30	Income statement	fac:NonoperatingIncomeLoss	Nonoperating Income (Expense)	NO	NO	NO	YES
31	Income statement	fac:OperatingAndNonoperatingCostsAndExpenses	Operating and Nonoperating Costs and Expenses	YES	NO	NO	YES
32	Income statement	fac:OperatingAndNonoperatingRevenues	Operating and Nonoperating Revenues	YES	NO	NO	YES
33	Income statement	fac:OperatingExpenses	Operating Expenses	YES	NO	NO	YES
34	Income statement	fac:OperatingIncomeLoss	Operating Income (Loss)	YES	NO	NO	NO
35	Income statement	fac:Revenues	Revenues	YES	NO	NO	YES
36	Key Ratios	fac:ReturnOnAssets	Return on Assets (ROA)	NO	NO	NO	NO
37	Key Ratios	fac:ReturnOnEquity	Return on Equity (ROE)	NO	NO	NO	NO
38	Key Ratios	fac:ReturnOnSales	Return on Sales (ROS)	NO	NO	NO	NO
39	Key Ratios	fac:SustainableGrowthRate	Sustainable Growth Rate (SGR)	NO	NO	NO	NO