Quarterly report pursuant to Section 13 or 15(d)

Recent accounting pronouncements

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Recent accounting pronouncements
6 Months Ended
Mar. 31, 2013
Recent accounting pronouncements  
Recent accounting pronouncements

9. Recent accounting pronouncements

 

In 2011, the FASB issued new accounting guidance that simplifies goodwill impairment tests. The new guidance states that a “qualitative” assessment may be performed to determine whether further impairment testing is necessary. We will adopt this accounting standard upon its effective date, which for us will be this current fiscal year. We do not anticipate that this adoption will have a significant impact on our financial position or results of operations.