Accounting standard newly cited
Filing comparison
VEECO INSTRUMENTS INC cited accounting standard ASU 2024-04 for the first time in this filing series
The filing states this standard was adopted in 2022, so this is the first time it has been cited in this series rather than a change of policy in the current period.
We adopted ASU 2020-06 Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity effective January 1, 2022, ASU 2023-09 Improvements to Income Tax Disclosures (Topic 740) effective December 31, 2024, ASU 2024-04 Debt – Debt with…
Evidence
- Adopted
- 2024-04
- Adoption year stated
- 2022
- Caveat
- The filing states this standard was adopted in 2022, so this is the first time it has been cited in this series rather than a change of policy in the current period.
- Contexts
- We adopted ASU 2020-06 Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity effective January 1, 2022, ASU 2023-09 Improvements to Income Tax Disclosures (Topic 740) effective December 31, 2024, ASU 2024-04 Debt – Debt with…
- New standards
- 2024-04
- Prior filed
- 2025-02-14
- Prior form
- 10-K
- Restates existing policy
- Yes
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.