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The functional requirements document (FRD) is a formal statement of an applicationâs functional requirements. It serves the same purpose as a contract. The developers agree to provide the capabilities specified. The client agrees to find the product satisfactory if it provides the capabilities specified in the FRD.
The software requirements specification is sometimes called a functional specification, a product specification... This is very confusing for me as I thought FS describes just functions while SRS whole system. From this point of view, FS would contain both non functional and functional requirements and everything else.