Black Titan Corp cited accounting standard ASU 2023-07 for the first time in this filing series
As a single-segment public entity, the Group has adopted ASU 2023-07; expanded segment information is not separately presented because it is the same as the consolidated information in these financial statements.
Evidence
Adopted
2023-07
Contexts
As a single-segment public entity, the Group has adopted ASU 2023-07; expanded segment information is not separately presented because it is the same as the consolidated information in these financial statements.
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.
Black Titan Corp changed its revenue recognition disclosure
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation.
Evidence
New language
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation., The transaction price is fixed with no variable considerations in these arrangements.
Prior filed
2025-11-28
Prior form
20-F
Similarity
0.029
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation.
The transaction price is fixed with no variable considerations in these arrangements.