Accounting standard newly cited
Filing comparison
Commerce.com, Inc. cited accounting standard ASU 2025-05 for the first time in this filing series
Additionally, the Company early adopted ASU 2025-05 - Financial Instruments - Credit Losses, and applied the practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets.
Evidence
- Adopted
- 2025-05
- Contexts
- Additionally, the Company early adopted ASU 2025-05 - Financial Instruments - Credit Losses, and applied the practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets.
- New standards
- 2025-05, 2025-06, 2025-11, 2025-12
- Prior filed
- 2025-02-27
- 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.