New Accounting Pronouncements |
3 Months Ended | ||
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Dec. 31, 2021 | |||
| Accounting Changes And Error Corrections [Abstract] | |||
| New Accounting Pronouncements |
In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”, which requires contract assets and contract liabilities (i.e., unearned revenue) acquired in a business combination to be recognized and measured in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. This guidance is effective for interim and annual periods beginning after December 15, 2022. We are currently evaluating the impact that this standard will have on our consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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