SFAC 6 Elements of Financial Statements Representation in XBRL
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The document discusses the elements of financial statements according to SFAC 6. It defines key terms like assets, liabilities, equity, revenues, and expenses. It explains the structure of the three basic financial statements: the balance sheet, income statement, and statement of changes in equity. It provides examples of the accounting equation that must balance and formulas that define the relationships between elements in the financial statements.
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