RECENT ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY

6 Months Ended

Dec. 31, 2011

RECENT ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY

NOTE 4

RECENT ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY

There have been no recent accounting pronouncements or changes in accounting pronouncements that impacted the second quarter of fiscal 2012, or which are expected to impact future periods that were not already adopted and disclosed in prior periods.

- 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.

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