Coda Octopus Group, Inc. New Standards Disclosure
t. Recent Accounting Pronouncements
There have been no new accounting pronouncements not yet effective that have significance, or potential significance, to our Consolidated Financial Statements.
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2022 | Jan 30, 2023 | Showing above |
| 2021 | Feb 14, 2022 | |
| 2020 | Jan 28, 2021 | |
| 2019 | Jan 28, 2020 | |
| 2018 | Feb 1, 2019 | |
| 2017 | Jan 30, 2018 | |
| 2010 | Aug 19, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.