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Recent Accounting Pronouncements (Policies) | 12 Months Ended
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Dec. 31, 2015
Policies |
Recent Accounting Pronouncements | Recent Accounting Pronouncements On January 5, 2016, the FASB issued Accounting Standards Update (ASU) 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The update intends to enhance the reporting model for financial instruments to provide users of financial instruments with more decision-useful information and addresses certain aspects of the recognition, measurement, presentation, and disclosure of financial instruments. The new standard affects all entities that hold financial assets or owe financial liabilities. ASU 2016-01 is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management has not determined the effect, if any, this new standard will have on its financial statements. ASU 2014-09, Revenue from Contracts with Customers creates a new, principle-based revenue recognition framework that will affect nearly every revenue-generating entity. The guidance in ASU 2014-09 is allowable for public entities for annual reporting periods beginning after December 15, 2016, and required for annual reporting periods beginning after December 15, 2017. Management has not determined the effect, if any, this new standard will have on its financial statements.

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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. + References No definition available. + Details
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