US GAAP Fundamental Accounting Concept Relations (Working prototype)

Note: Select the primary financial statement category to show all of the different basic, common sense relations which exist for that statement. Click on the image of the fundamental relationship to navigate to more detailed information for that relationship.

BalanceSheet (7)

Equity = Equity Attributable to Parent + Equity Attributable to Noncontrolling Interest (# 1)

Assets = Liabilities and Equity (# 2)

Assets = Current Assets + Noncurrent Assets (# 3)

Liabilities = Current Liabilities + Noncurrent Liabilities (# 4)

Liabilities and Equity = Liabilities + Commitments and Contingencies + Temporary Equity + Redeemable Noncontrolling Interest + Equity (# 5)

Assets = Current Assets + Fixed Assets + Other than Fixed Noncurrent Assets (# 6)

Capitalization = Long-term Debt + Equity (# 7)

CashFlowStatement (6)

Net Cash Flow = Net Cash Flows, Operating + Net Cash Flows, Investing + Net Cash Flows, Financing + Exchange Gains (Losses) (# 1)

Net Cash Flows, Continuing = Net Cash Flows, Operating, Continuing + Net Cash Flows, Investing, Continuing + Net Cash Flows, Financing, Continuing (# 2)

Net Cash Flows, Discontinued = Net Cash Flows, Operating, Discontinued + Net Cash Flows, Investing, Discontinued + Net Cash Flows, Financing, Discontinued (# 3)

Net Cash Flows, Operating = Net Cash Flows, Operating, Continuing + Net Cash Flows, Operating, Discontinued (# 4)

Net Cash Flows, Investing = Net Cash Flows, Investing, Continuing + Net Cash Flows, Investing, Discontinued (# 5)

Net Cash Flows, Financing = Net Cash Flows, Financing, Continuing + Net Cash Flows, Financing, Discontinued (# 6)

IncomeStatement (13)

Gross Profit = Revenues - Cost Of Revenue (# 1)

Operating Income (Loss) = Gross Profit - Operating Expenses + Other Operating Income (Expenses) (# 2)

Income (Loss) from Continuing Operations Before Equity Method Investments = Operating Income (Loss) + Nonoperating Income (Loss) - Interest And Debt Expense (# 3)

Income (Loss) from Continuing Operations Before Tax = Income (Loss) from Continuing Operations Before Equity Method Investments + Income (Loss) from Equity Method Investments (# 4)

Income (Loss) from Continuing Operations after Tax = Income (Loss) from Continuing Operations Before Tax - Income Tax Expense (Benefit) (# 5)

Net Income (Loss) = Income (Loss) from Continuing Operations After Tax + Income (Loss) from Discontinued Operations, Net of Tax + Extraordinary Items, Gain (Loss) (# 6)

Net Income (Loss) = Net Income (Loss) Attributable to Parent + Net Income (Loss) Attributable to Noncontrolling Interest (# 7)

Net Income (Loss) Available to Common Stockholders, Basic = Net Income (Loss) Attributable to Parent - Preferred Stock Dividends and Other Adjustments (# 8)

Income (Loss) from Continuing Operations after Tax = Income (Loss) from Continuing Operations Before Tax - Income Tax Expense (Benefit) + Income (Loss) from Equity Method Investments (# 9)

Income (Loss) from Continuing Operations after Tax = Income (Loss) from Continuing Operations Before Tax - Income Tax Expense (Benefit) + Income (Loss) from Equity Method Investments (# 10)

Income (Loss) from Continuing Operations Before Tax = Revenues - Costs and Expenses + Nonoperating Income (Loss) Plus Interest and Debt Expense Plus Income (Loss) from Equity Method Investments (# 11)

Income (Loss) from Continuing Operations Before Tax = Operating and Nonoperating Revenues - Operating and Nonoperating Costs and Expenses (# 12)

Net Income (Loss) = Income (Loss) from Continuing Operations After Tax + Income (Loss) from Discontinued Operations, Net of Tax + Extraordinary Items, Gain (Loss) + Income (Loss) from Equity Method Investments (# 13)

IncomeStatement_InsuranceBasedRevenues (1)

Income (Loss) from Continuing Operations Before Tax = Revenues - Benefits and Costs (# 1)

IncomeStatement_InterestBasedRevenues (3)

Interest Income (Expense), Operating, Net = Interest and Dividend Income, Operating + Interest Expense, Operating (# 1)

Interest Income (Expense) After Provision for Loan Losses = Interest Income (Expense), Operating, Net - Provision for Loan, Lease, and Other Losses (# 2)

Income (Loss) from Continuing Operations Before Tax = Interest Income (Expense) After Provision for Loan Losses + Noninterest Income - Noninterest Expense (# 3)

StatementOfComprehensiveIncome (3)

Comprehensive Income (Loss) = Comprehensive Income (Loss) Attributable to Parent + Comprehensive Income (Loss) Attributable to Noncontrolling Interest (# 1)

Comprehensive Income (Loss) = Net Income (Loss) + Other Comprehensive Income (Loss) (# 2)

Comprehensive Income (Loss) = Net Income (Loss) attributable to Parent + Other Comprehensive Income (Loss) (# 3)