Equity (or net assets)

Resisidual interest in the assets of an entity that remain after deducting its liabilities. (SFAC 6, CON 6).

Equity = Equity Attributable to Parent + Equity Attributable to Noncontrolling Interest

Maps to US GAAP Taxonomy concepts:
  • us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
  • us-gaap:PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
  • us-gaap:LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest

Equity maps to the US GAAP Taxonomy concept "Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest" (us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest) for corporations, "Partners' Capital, Including Portion Attributable to Noncontrolling Interest" (us-gaap:PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest) for partnerships, and "Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest" (us-gaap:LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest) for LLCs.

(NOTE: A significant number of SEC filers innappropriately use the concept "Stockholders' Equity Attributable to Parent" (us-gaap:StockholdersEquity) to model Equity. The US GAAP Taxonomy concept used to represent Equity does not change depending whether a balance sheet does, or does not, contain a noncontrolling interest.)
(NOTE: There is a high probability that these three different US GAAP Taxonomy concepts to represent the fundamental accounting concept "Equity" will be deprecated and replaced with one concept to express equity for two reasons: (1) "Liabilities and Partners' Capital" was deprecated in favor of one concept to represent "Liabilities and Equity" which shows this trend, and (2) there is no concept for proprietor or owner's equity.)

Maps to IFRS XBRL Taxonomy concepts:
  • ifrs:Equity