Accounting standard newly cited
Filing comparison
Innoviz Technologies Ltd. cited accounting standard ASU 2025-05 for the first time in this filing series
Recently adopted accounting pronouncement: In 2025 the Company early adopted ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which introduces a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets.
Evidence
- Adopted
- 2025-05
- Contexts
- Recently adopted accounting pronouncement: In 2025 the Company early adopted ASU 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which introduces a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets.
- New standards
- 2025-05, 2025-06, 2025-11
- Prior filed
- 2025-03-12
- Prior form
- 20-F
- 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.