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BASIS OF PRESENTATION Impact of New Accounting Pronouncements Adopted (Tables)
9 Months Ended
May 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Impact of New Accounting Pronouncements Adopted [Text Block]
The impact of adoption as of September 1, 2018 of FASB ASU No. 2014-09 (Topic 606) and No. 2016-16 (Topic 740) on our Consolidated Balance Sheets was as follows:
 
Balance as of
August 31, 2018
 
Adjustments Due to ASU 2014-09 (Topic 606)
 
Adjustments Due to ASU 2016-16 (Topic 740)
 
Balance as of September 1, 2018
Balance Sheet
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
Receivables from clients, net
$
4,996,454

 
$
2,100,402

 
$

 
$
7,096,856

Unbilled services, net
2,499,914

 
(2,499,914
)
 

 

Contract assets

 
547,809

 

 
547,809

Receivables and contract assets
$
7,496,368

 
$
148,297

 
$

 
$
7,644,665

NON-CURRENT ASSETS
 
 
 
 
 
 
 
Unbilled services, net
$
23,036

 
$
(23,036
)
 
$

 
$

Contract assets

 
23,036

 

 
23,036

Deferred contract costs
705,124

 
(2,867
)
 

 
702,257

Deferred income taxes, net
2,086,807

 
3,071

 
2,144,427

 
4,234,305

 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
Deferred revenues
2,837,682

 
154,952

 

 
2,992,634

SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
Retained earnings
7,952,413

 
(6,451
)
 
2,144,427

 
10,090,389