Accounting standard newly cited
Filing comparison
Waterstone Financial, Inc. cited accounting standard ASU 2023-09 for the first time in this filing series
The Company's performance obligations are generally complete when the transactions generating the fees are processed. s) Impact of Recent Accounting Pronouncements Accounting Standards Adopted in 2025 The Company adopted " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" under ASU 2023-09 on January 1, 2025, and applied the standard's provisions on a retrospective basis.
Evidence
- Adopted
- 2023-09
- Contexts
- The Company's performance obligations are generally complete when the transactions generating the fees are processed. s) Impact of Recent Accounting Pronouncements Accounting Standards Adopted in 2025 The Company adopted " Income Taxes (Topic 740): Improvements to Income Tax Disclosures" under ASU 2023-09 on January 1, 2025, and applied the standard's provisions on a retrospective basis.
- New standards
- 2023-09
- Prior filed
- 2025-02-28
- 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.