Fundamental Concepts

Fundamental Accounting Concepts

Associations are statements that describe permissible interrelationships between the terms. Fundamental accounting relations are permissible associations betweeen high-level financial reporting terms. Fundamental accounting concept associations are defined within a reporting style.

Retrieve information by fundamental accounting concept. (List of all Fundamental Accounting Concepts) | (Machine Readable)

Fundamental Accounting Concept NameRequired
AssetsYES
Balance Sheet DateYES
Current AssetsYES
Current LiabilitiesYES
Document TypeYES
Economic Entity IdentifierYES
Economic Entity NameYES
ExpensesYES
LiabilitiesNO
Liabilities and Net AssetsYES
Net Cash FlowYES
Net Cash Flow From Financing ActivitiesYES
Net Cash Flow From Investing ActivitiesYES
Net Cash Flow From Operating ActivitiesYES
Net Income (Expenses)YES
Net WorthYES
Noncurrent AssetsNO
Noncurrent LiabilitiesNO
RevenueYES

Statement of Financial Position= Statement of Operations= Statement of Cash Flow= General= Key Ratios=

Last updated: 2/4/2021 3:03:23 PM