SFAC8 Financial Reporting Framework (working proof of concept)

SFAC8 is a "financial reporting framework" (a.k.a. financial reporting scheme) that is based on the SFAC 8 elements of a financial statement and part of the conceptual framework of US GAAP.  The reason I created this working proof of concept is for testing, experimenting, teaching other accountants, etc.  The intent is to have a relatively small "financial reporting scheme" that achieves a very specific need.


Here is a reference implementation of a report created using this SFAC8 "financial reporting framework".

There is a very specific purpose for including this SFAC8 financial reporting framework in my examples.  This SFAC8 financial reporting scheme introduces the notion of "extensibility" and "reporting styles".  The SFAC6 working proof of concept expects only one reporting style.  What SFAC8 introduces is the idea that financial statements are not forms.

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