Revenue recognition change
beta
Filing comparison
BV Financial, Inc. changed its revenue recognition disclosure
ASU 2025-08 requires that purchased seasoned loans be accounted for using the gross-up approach.
Evidence
- Prior filed
- 2026-05-11
- Prior form
- 10-Q
- Similarity
- 0.58
- Source
- revenue recognition note comparison
- Threshold
- 0.6
- Why
- The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
- ASU 2025-08 requires that purchased seasoned loans be accounted for using the gross-up approach.
- The gross-up approach requires recognition of an ACL for the estimate of credit losses at the acquisition date.