Fundamental 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. To learn more please refer to Fundamental Accounting Concepts and Reporting Styles.

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

Fundamental Accounting Concept NameRequired
AssetsYES
Balance Sheet DateNO
Comprehensive Income (Loss)YES
Current AssetsYES
Current LiabilitiesYES
Document TypeYES
Economic Entity IdentifierYES
Economic Entity NameYES
EquityYES
Equity Attributable to Controlling InterestsNO
Equity Attributable to Noncontrolling InterestsNO
ExpensesYES
GainsNO
Income from Normal Activities of EntityNO
Income from Peripheral or Incidental Transactions of EntityNO
LiabilitiesNO
Liabilities and Net AssetsYES
LossesNO
Net AssetsNO
Net Cash FlowYES
Net Cash Flow From Financing ActivitiesYES
Net Cash Flow From Investing ActivitiesYES
Net Cash Flow From Operating ActivitiesYES
Net Income (Loss)YES
Noncurrent AssetsNO
Noncurrent LiabilitiesNO
Other Comprehensive IncomeYES
RevenueYES

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

Last updated: 5/7/2021 11:29:00 AM