Accounting Changes and Error Corrections

3 Months Ended

Sep. 30, 2011

Accounting Changes and Error Corrections

Accounting Changes and Error Corrections [Text Block]

3.         RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Fair Value Disclosures.  In January 2010, the FASB issued an accounting standards update that requires new disclosures for transfers in and out of Levels 1 and 2 fair value measurements, and roll forward of activity in Level 3 fair value measurements.  The new disclosures are effective for reporting periods beginning after December 15, 2009, except for the roll forward of activity in Level 3 fair value measurements.  Those disclosures are effective for fiscal years beginning after December 15, 2010.  Upon adoption, this standard did not have a material impact on the financial statements.

No other new accounting pronouncements issued or effective during the three and nine months ended September 30, 2011 has had or is expected to have a material impact on the consolidated financial statements.