List of Fundamental Accounting Concepts

Last updated: 3/3/2023 6:32:10 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	YES
5	Balance sheet	fac:EquityAttributableToControllingInterests	Equity Attributable to Controlling Interests
6	Balance sheet	fac:EquityAttributableToNoncontrollingInterests	Equity Attributable to Noncontrolling Interests
7	Balance sheet	fac:Liabilities	Liabilities	NO	NO	NO	NO
8	Balance sheet	fac:LiabilitiesAndEquity	Liabilities and Equity	YES	NO	NO	NO
9	Balance sheet	fac:NetAssets	Net Assets	YES	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:FreeCashFlow	Free Cash Flow
13	Cash flow statement	fac:NetCashFlow	Net Cash Flow
14	Cash flow statement	fac:NetCashFlowFromFinancingActivities	Net Cash Flow from Financing Activities
15	Cash flow statement	fac:NetCashFlowFromInvestingActivities	Net Cash Flow from Investing Activities
16	Cash flow statement	fac:NetCashFlowFromOperatingActivities	Net Cash Flow from Operating Activities
17	Comprehensive income	fac:OtherComprehensiveIncomeLoss	Other Comprehensive Income (Loss)
18	Income statement	fac:ComprehensiveIncomeLoss	Comprehensive Income (Loss)	YES	NO	NO	NO
19	Income Statement	fac:CostsOfRevenue	Costs of Revenue
20	Income statement	fac:EffectOfExchangeRateChanges	Effect of Exchange Rate Changes
21	Income statement	fac:FinanceCostsIncome	Finance Costs (Income)
22	Income statement	fac:GrossProfitLoss	Gross Profit (Loss)
23	Income statement	fac:IncomeFromNormalActivitiesOfEntity	Income from Normal Activities of Entity	YES	NO	NO	YES
24	Income statement	fac:IncomeFromPeripheralOrIncidentalTransactionsOfEntity	Income from Peripheral or Incidental Transactions of Entity	YES	NO	NO	YES
25	Income statement	fac:IncomeLossFromEquityAccountedEntities	Income (Loss) from Equity Accounted Entities
26	Income statement	fac:NonoperatingIncomeExpense	Nonoperating Income (Expense)
27	Income statement	fac:OperatingExpenses	Operating Expenses
28	Income statement	fac:OperatingExpensesExcludingCostsOfRevenue	Operating Expenses Excluding Costs of Revenue
29	Income statement	fac:OperatingIncome	Operating Income
30	Income statement	fac:OperatingIncomeLoss	Operating Income (Loss)
31	Income statement	fac:OtherNonoperatingIncomeExpenseNotIncludingFinanceCostsOrTaxExpense	Other Nonoperating Income (Expense) Not Including Finance Costs Or Tax Expense
32	Income statement	fac:OtherOperatingIncome	Other Operating Income
33	Income statement	fac:ProfitLoss	Profit (Loss)
34	Income statement	fac:ProfitLossAttributableToControllingInterests	Profit (Loss) Attributable to Controlling Interests
35	Income statement	fac:ProfitLossAttributableToNoncontrollingInterests	Profit (Loss) Attributable to Noncontrolling Interests
36	Income statement	fac:ProfitLossBeforeFinanceCostsOrTaxExpense	Profit (Loss) Before Finance Costs Tax or Expense
37	Income statement	fac:ProfitLossFromContinuingOperationsAfterTax	Profit (Loss) from Continuing Operations After Tax
38	Income statement	fac:ProfitLossFromContinuingOperationsBeforeTax	Profit (Loss) from Continuing Operations Before Tax
39	Income statement	fac:ProfitLossFromDiscontinuedOperations	Profit (Loss) from Discontinued Operations
40	Income statement	fac:ProfitLossFromOperatingActivities	Profit (Loss) from Operating Activities
41	Income statement	fac:Revenue	Revenue	YES	NO	NO	YES
42	Income statement	fac:TaxExpenseIncome	Tax Expense (Income)