Quarterly report pursuant to Section 13 or 15(d)

Revenue recognition

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Revenue recognition
 3 Months Ended
Dec. 31, 2014
Revenue Recognition  
Revenue recognition

 

6. Revenue recognition

 

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers. This new standard will change the manner in which we evaluate revenue recognition for all contracts with customers, although the effect of the changes on revenue recognition will vary from contract to contract. We will adopt this standard during our 2018 fiscal year. The standard permits a retrospective or cumulative effect transition method. At present, we are continuing to evaluate the effect of this standard and have not yet determined a transition method or the likely effects on the business.