Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.Financial_Report.xls
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R8.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R3.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R9.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R1.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R7.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R2.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R6.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R5.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R16.htm
10-K - SEPTEMBER 30, 2012 FORM 10-K - PACIFIC SOFTWARE, INC.f10k093012_10k.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R4.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R15.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R13.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R12.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R17.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R11.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R19.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R18.htm
XML - IDEA: XBRL DOCUMENT - PACIFIC SOFTWARE, INC.R14.htm
EX-31.1 - EXHIBIT 31.1 SECTION 302 CERTIFICATION - PACIFIC SOFTWARE, INC.f10k093012_ex31z1.htm
EX-32.1 - EXHIBIT 32.1 SECTION 906 CERTIFICATION - PACIFIC SOFTWARE, INC.f10k093012_ex32z1.htm
v2.4.0.6
New accounting pronouncements
12 Months Ended
Sep. 30, 2012
New accounting pronouncements  
New accounting pronouncements

Note 4

New accounting pronouncements

 

The following accounting pronouncements if implemented would have no effect on the financial statements of the Company.

 

In May 2011, the FASB issued new authoritative guidance to provide a consistent definition of fair value and ensure that fair value measurements and disclosure requirements are similar between GAAP and International Financial Reporting Standards. This guidance changes certain fair value measurement principles and enhances the disclosure requirements for fair value measurements. This guidance is effective for interim and annual periods beginning after December 15, 2011 and is applied prospectively. The Company does not expect that the adoption of this guidance will have a material impact on its financial statements.

 

In June 2011, the FASB issued new guidance on the presentation of comprehensive income. The new guidance allows an entity to present components of net income and other comprehensive income in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. The new guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in stockholders’ equity. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income from that of current accounting guidance. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. Upon adoption, the Company will present its consolidated financial statements under this new guidance. The Company does not expect the adoption of this accounting guidance to have a material impact on its consolidated financial statements and related disclosures.

 

In December 2011, the Financial Accounting Standards Board ("FASB") issued authoritative guidance related to balance sheet offsetting. The new guidance requires disclosures about assets and liabilities that are offset or have the potential to be offset. These disclosures are intended to address differences in the asset and liability offsetting requirements under U.S. GAAP and International Financial Reporting Standards. This new guidance will be effective for us for interim and annual reporting periods beginning January 1, 2013, with retrospective application required. The adoption of this guidance is not expected to have a material impact on the Company’s results of operations or financial position.

 

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption.

 

Recently Issued Accounting Standards

 

In July 2012, the FASB issued ASU 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment.” This ASU amends ASC 350, “Intangibles — Goodwill and Other” to allow entities an option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. Under that option, an entity no longer would be required to calculate the fair value of the intangible asset unless the entity determines, based on that qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. The Company does not believe adoption of this guidance will have a material impact on its consolidated financial statements.