List of Fundamental Accounting Concepts

Last updated: 4/15/2021 8:14:24 AM

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:EquityAttributableToControllingInterests	Equity Attributable to Controlling Interests	NO	NO	NO	NO
6	Balance sheet	fac:EquityAttributableToNoncontrollingInterests	Equity Attributable to Noncontrolling Interests	NO	NO	NO	NO
7	Balance sheet	fac:Liabilities	Liabilities	NO	NO	NO	NO
8	Balance sheet	fac:LiabilitiesAndEquity	Liabilities and Net Assets	YES	NO	NO	NO
9	Balance sheet	fac:NetAssets	Net Assets	NO	NO	NO	NO
10	Balance sheet	fac:NoncurrentAssets	Noncurrent Assets	NO	NO	NO	YES
11	Balance sheet	fac:NoncurrentLiabilities	Noncurrent Liabilities	NO	NO	NO	YES
12	Cash flow statement	fac:NetCashFlow	Net Cash Flow	YES	NO	NO	NO
13	Cash flow statement	fac:NetCashFlowFromFinancingActivities	Net Cash Flow From Financing Activities	YES	NO	NO	NO
14	Cash flow statement	fac:NetCashFlowFromInvestingActivities	Net Cash Flow From Investing Activities	YES	NO	NO	NO
15	Cash flow statement	fac:NetCashFlowFromOperatingActivities	Net Cash Flow From Operating Activities	YES	NO	NO	NO
16	General	fac:BalanceSheetDate	Balance Sheet Date	NO	NO	NO	NO
17	General	fac:DocumentType	Document Type	YES	NO	NO	NO
18	General	fac:EconomicEntityIdentifier	Economic Entity Identifier	YES	NO	NO	NO
19	General	fac:EconomicEntityName	Economic Entity Name	YES	NO	NO	NO
20	Income statement	fac:ComprehensiveIncomeLoss	Comprehensive Income (Loss)	YES	NO	NO	NO
21	Income statement	fac:Expenses	Expenses	YES	NO	NO	YES
22	Income statement	fac:Gains	Gains	NO	NO	NO	YES
23	Income statement	fac:IncomeFromNormalActivitiesOfEntity	Income from Normal Activities of Entity	NO	NO	NO	YES
24	Income statement	fac:IncomeFromPeripheralOrIncidentalTransactionsOfEntity	Income from Peripheral or Incidental Transactions of Entity	NO	NO	NO	YES
25	Income statement	fac:Losses	Losses	NO	NO	NO	YES
26	Income statement	fac:NetIncomeLoss	Net Income (Loss)	YES	NO	NO	NO
27	Income statement	fac:OtherComprehensiveIncome	Other Comprehensive Income	YES	NO	NO	NO
28	Income statement	fac:Revenue	Revenue	YES	NO	NO	YES