Accounting standard newly cited
Filing comparison
Ridgepost Capital, Inc. cited accounting standard ASU 2024-01 for the first time in this filing series
The filing states this standard was adopted in 2024, 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, 2024, the Company adopted ASU 2024-01, Compensation - Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards ("ASU 2024-01"), which is intended to reduce the complexity in determining whether a profits interest award is subject to Topic 718.
Evidence
- Adopted
- 2024-01
- Adoption year stated
- 2024
- Caveat
- The filing states this standard was adopted in 2024, 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, 2024, the Company adopted ASU 2024-01, Compensation - Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards ("ASU 2024-01"), which is intended to reduce the complexity in determining whether a profits interest award is subject to Topic 718.
- New standards
- 2024-01, 2025-03, 2025-06
- Prior filed
- 2025-02-28
- Prior form
- 10-K
- 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.