SEC Flash Report - July 2014

July 2014

With the issuance of ASU 2014-09, Revenue from Contracts with Customers, in May, SEC registrants will need to make corresponding disclosures under Staff Accounting Bulletin No. 74 (codified in SAB Topic 11-M) in their next interim and annual filings. SAB 74 addresses disclosure of the impact that recently issued accounting standards will have on the financial statements of the registrant when adopted in a future period.