ACCOUNTING STANDARDS UPDATES
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3 Months Ended |
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Mar. 31, 2015
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Accounting Standards Updates | |
ACCOUNTING STANDARDS UPDATES |
NOTE 9 ACCOUNTING STANDARDS UPDATES
ASU 2015-03, Interest Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Costs ASU 2015-03 requires companies to present debt issuance costs the same way they currently present debt discounts, as a direct deduction from the carrying value of that debt liability. ASU 2015-03 is effective for the Company beginning December 15, 2015, though early adoption is permitted. ASU 2015-03 is not expected to have a significant impact on the Companys financial statements. |
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- Definition
The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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