COGNIZANT TECHNOLOGY SOLUTIONS CORP New Standards Disclosure
| Date Issued and Topic | Date Adopted and Method | Description | Impact | ||||||||
December 2023 Income Taxes (Topic 740): Improvements to Income Tax Disclosures | Annual period starting in 2025 Prospective basis | The standard requires enhanced income tax disclosures primarily related to the income tax rate reconciliation and income taxes paid information. | |||||||||
| Date Issued and Topic | Effective Date | Description | Impact | ||||||||
November 2024 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) | Annual period starting in 2027 and interim periods starting in 2028 Prospective basis | The standard is intended to improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. | We are currently evaluating the impact on our disclosures. | ||||||||
July 2025 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets | Annual reporting periods starting in 2026, and interim reporting periods within those annual reporting periods Prospective basis | The standard is intended to simplify the measurement of credit losses for accounts receivable and contract assets by providing a practical expedient that allows an entity to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset. | We are currently evaluating the impact of applying the practical expedient. | ||||||||
September 2025 Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software | Annual reporting periods starting in 2028, and interim reporting periods within those annual reporting periods Prospective basis | The standard is intended to modernize the internal-use software guidance, making it easier to apply to various software development methods. | We are currently evaluating the impact on our internal use software capitalization policy. | ||||||||
December 2025 Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities | Annual reporting periods starting in 2029, and interim reporting periods within those annual reporting periods Prospective basis | The standard provides authoritative guidance for business entities receiving government grants, establishing rules for their recognition, measurement, presentation, and disclosure. | We are currently evaluating the impact, and we do not expect the standard to have a significant impact on our financial statements. | ||||||||
| Date Issued and Topic | Effective Date | Description | Impact | ||||||||
December 2025 Interim Reporting (Topic 270): Narrow-Scope Improvements | Interim reporting periods within annual reporting periods starting in 2028 Prospective basis | The standard clarifies the applicability of Topic 270, provides a comprehensive list of interim disclosures, and includes a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. | We are currently evaluating the impact on our interim disclosures. | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 19, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 25, 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.