Accounting standard newly cited
Filing comparison
TABLE TRAC INC cited accounting standards ASU 2023-09, ASU 2025-05 for the first time in this filing series
The adoption of ASU 2023-09 did not have a material impact on the Company’s consolidated financial statements, results of operations, or cash flows, as the standard only modifies disclosure requirements.
Evidence
- Adopted
- 2023-09, 2025-05
- Contexts
- The adoption of ASU 2023-09 did not have a material impact on the Company’s consolidated financial statements, results of operations, or cash flows, as the standard only modifies disclosure requirements., On January 1, 2025, the Company adopted ASU No. 2025-05, Financial Instruments – Credit Losses (Topic 326) – Measurement of Credit Losses for Accounts Receivable and Contract Assets.
- New standards
- 2023-09, 2025-05
- Prior filed
- 2025-03-19
- Prior form
- 10-K
- Restates existing policy
- No
- 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.