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New Accounting Pronouncements
9 Months Ended
Jun. 30, 2022
Accounting Changes And Error Corrections [Abstract]  
New Accounting Pronouncements

3.

NEW ACCOUNTING PRONOUNCEMENTS:

In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”, which requires contract assets and contract liabilities (i.e., unearned revenue) acquired in a business combination to be recognized and measured in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers. The Company has early adopted ASU 2021-08 as of October 1, 2021, on a prospective basis. The impact of the adoption of ASU 2021-08 had an immaterial impact on the Company’s Unaudited Condensed Consolidated Financial Statements as of June 30, 2022.