Accounting standard newly cited
Filing comparison
Yinfu Gold Corp. cited accounting standard ASU 2016-13 for the first time in this filing series
Expected credit loss The Company adopted ASU 2016-13 Financial Instruments — Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments, which replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology.
Evidence
- Adopted
- 2016-13
- Contexts
- Expected credit loss The Company adopted ASU 2016-13 Financial Instruments — Credit Losses (ASC Topic 326): Measurement of Credit Losses on Financial Instruments, which replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology.
- New standards
- 2016-13, 2024-03, 2025-11
- Prior filed
- 2026-01-27
- Prior form
- 10-K/A
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- The summary of significant accounting policies changed materially from the previous comparable filing.