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