Fundamental and Unchangeable Accounting Concepts and Relations Rules

#IDRule
1 BS1 Equity = Equity Attributable to Parent + Equity Attributable to Noncontrolling Interest
2 BS2 Assets = Liabilities and Equity
3 BS3 Assets = Current Assets + Noncurrent Assets (classified balance sheet)
4 BS4 Liabilities = Current Liabilities + Noncurrent Liabilities (classified balance sheet)
5 BS5 Liabilities and Equity = Liabilities + Commitments and Contingencies + Temporary Equity + Equity
6 BS6 Assets = Liabilities + Commitments and Contingencies + Temporary Equity + Equity
7 BS7 Liabilities and Equity - (Commitments and Contingencies + Temporary Equity + Equity)
8 BS8 Current Assets = Assets - Noncurrent Assets (classified balance sheet)
9 BS9 Noncurrent Assets = Assets - Current Assets (classified balance sheet)
10 BS10 Noncurrent Liabilities = Liabilities - Current Liabilities (classified balance sheet)
11 IS1 Gross Profit = Revenues - Cost Of Revenue (Multi-step approach)
12 IS2 Operating Income (Loss) = Gross Profit - Operating Expenses + Other Operating Income (Multi-step approach)
13 IS3 Income (Loss) from Continuing Operations Before Equity Method Investments = Operating Income (Loss) + Nonoperating Income (Loss) - Interest And Debt Expense
14 IS4 Income (Loss) from Continuing Operations Before Tax = Income (Loss) from Continuing Operations Before Equity Method Investments + Income (Loss) from Equity Method Investments
15 IS5 Income (Loss) from Continuing Operations after Tax = Income (Loss) from Continuing Operations Before Tax - Income Tax Expense (Benefit)
16 IS6 Net Income (Loss) = Income (Loss) from Continuing Operations After Tax + Income (Loss) from Discontinued Operations, Net of Tax + Extraordinary Items, Gain (Loss)
17 IS7 Net Income (Loss) = Net Income (Loss) Attributable to Parent + Net Income (Loss) Attributable to Noncontrolling Interest
18 IS8 Net Income (Loss) Available to Common Stockholders, Basic = Net Income (Loss) Attributable to Parent - Preferred Stock Dividends and Other Adjustments
19 IS9 Comprehensive Income (Loss) = Comprehensive Income (Loss) Attributable to Parent + Comprehensive Income (Loss) Attributable to Noncontrolling Interest
20 IS10 Comprehensive Income (Loss) = Net Income (Loss) + Other Comprehensive Income (Loss)
21 IS11 Operating Income (Loss) = Revenues - Costs And Expenses + Other Operating Income (Single-step approach)
22 CF1 Net Cash Flow = Net Cash Flows, Operating + Net Cash Flows, Investing + Net Cash Flows, Financing + Exchange Gains (Losses)
23 CF2 Net Cash Flows, Continuing = Net Cash Flows, Operating, Continuing + Net Cash Flows, Investing, Continuing + Net Cash Flows, Financing, Continuing
24 CF3 Net Cash Flows, Discontinued = Net Cash Flows, Operating, Discontinued + Net Cash Flows, Investing, Discontinued + Net Cash Flows, Financing, Discontinued
25 CF4 Net Cash Flows, Operating = Net Cash Flows, Operating, Continuing + Net Cash Flows, Operating, Discontinued
26 CF5 Net Cash Flows, Investing = Net Cash Flows, Investing, Continuing + Net Cash Flows, Investing, Discontinued
27 CF6 Net Cash Flows, Financing = Net Cash Flows, Financing, Continuing + Net Cash Flows, Financing, Discontinued