List of Fundamental Accounting Concepts

Last updated: 4/26/2021 6:52:36 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:DocumentType	Document Type	YES	NO	NO	NO
15	General	fac:EntityIdentifier	Entity Identifier	YES	NO	NO	NO
16	General	fac:EntityName	Entity Name	YES	NO	NO	NO
17	General	fac:FiscalPeriodFocus	Fiscal Period Focus	YES	NO	NO	NO
18	General	fac:FiscalYearFocus	Fiscal Year Focus	YES	NO	NO	NO
19	General	fac:IncomeStatementStartPeriodYearToDate	Income Statement Start Period (Year to Date)	NO	NO	NO	NO
20	General	fac:ReportingStyle	Reporting Style	YES	NO	NO	NO
21	Income statement	fac:CostOfRevenue	Cost of Revenue	NO	NO	NO	YES
22	Income statement	fac:ExtraordinaryItemsOfIncomeExpenseNetOfTax	Extraordinary Items Of Income (Expense), Net Of Tax	NO	NO	NO	YES
23	Income statement	fac:GrossProfit	Gross Profit	NO	NO	NO	NO
24	Income statement	fac:IncomeLossFromContinuingOperationsAfterTax	Income (Loss) From Continuing Operations After Tax	YES	NO	NO	NO
25	Income statement	fac:IncomeLossFromContinuingOperationsBeforeTax	Income (Loss) From Continuing Operations Before Tax	YES	NO	NO	NO
26	Income statement	fac:IncomeLossFromDiscontinuedOperationsNet	Income (Loss) From Discontinued Operations, Net	YES	NO	NO	NO
27	Income statement	fac:NetIncomeLoss	Net Income (Loss)	YES	NO	NO	NO
28	Income statement	fac:OperatingIncomeLoss	Operating Income (Loss)	YES	NO	NO	NO
29	Income statement	fac:Revenues	Revenues	YES	NO	NO	YES