New Accounting Standards

9 Months Ended

Jun. 30, 2013

New Accounting Standards

New Accounting Standards

Note 2 – New Accounting Standards

In February 2013, FASB issued FASB ASU 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This standard improves the reporting of reclassification adjustments in the statement of income FASB ASU 2013-02 is effective for interim or annual fiscal years beginning after December 15, 2012 for public entities and for fiscal years ending after December 2013 for non-public entities. The Company adopted FASB ASU 2013-02 and it had no impact on the Company’s consolidated financial statements.