Accounting standard newly cited
Filing comparison
Alset Inc. cited accounting standards ASU 2018-07, ASU 2020-06 for the first time in this filing series
The filing states this standard was adopted in 2019, so this is the first time it has been cited in this series rather than a change of policy in the current period.
Effective January 1, 2019, the Company adopted ASU 2018-07 for the accounting of share-based payments granted to non-employees for goods and services.
Evidence
- Adopted
- 2018-07, 2020-06
- Adoption year stated
- 2019
- Caveat
- The filing states this standard was adopted in 2019, so this is the first time it has been cited in this series rather than a change of policy in the current period.
- Contexts
- Effective January 1, 2019, the Company adopted ASU 2018-07 for the accounting of share-based payments granted to non-employees for goods and services., Early adoption is permitted for all entities that have adopted the amendments in ASU 2020-06.
- New standards
- 2018-07, 2020-06, 2024-04, 2025-11
- Prior filed
- 2025-11-14
- Prior form
- 10-Q
- 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.