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Recent Accounting Guidance
12 Months Ended
Jun. 30, 2018
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
Recent Accounting Guidance

Note 2. Recent Accounting Guidance

 

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230),” which provides guidance on presentation and classification of certain cash receipts and payments in the statement of cash flows. These changes become effective for the Company's fiscal year beginning July 1, 2018 and is not expected to impact the Company's consolidated cash flows disclosures.

 

In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) - Restricted Cash,” which will require entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. These changes become effective for the Company's fiscal year beginning July 1, 2018 and is not expected to impact the Company's consolidated financial position, results of operations, and cash flows.

 

In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805) - Clarifying the Definition of a Business,” which clarifies the definition of a business to assist entities in the evaluation of acquisitions and disposals of assets or businesses. These changes become effective for the Company’s fiscal year beginning July 1, 2018 and is not expected to impact the Company’s consolidated financial position, results of operations, and cash flows.