Blackberry 2015 Annual Report Download - page 122

BlackBerry Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
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will adopt this guidance in the first quarter of fiscal 2018 and is currently evaluating the impact that the adoption will have on
its results of operations, financial position and disclosures.
In June 2014, the FASB issued a new accounting standards update on the topic of repurchase-to-maturity transactions,
repurchase financings and disclosures. The amendments change the accounting for repurchase-to-maturity transactions and
linked repurchase financings to secured borrowing accounting. The amendments require an entity to disclose information on
transfers accounted for as sales in transactions that are economically similar to repurchase agreements and provides increased
transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured
borrowings. The amendments are effective for public entities for the first interim or annual period beginning after December
15, 2014. Early adoption for a public entity is prohibited. The Company will adopt this guidance in the first quarter of fiscal
2016.
In June 2014, the FASB issued a new accounting standards update on the topic of stock compensation. The amendments in this
update require that a performance target that affects vesting and that could be achieved after the requisite service period be
treated as a performance condition. The amendments in this update are effective for annual periods and interim periods within
those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company will adopt this guidance in
the first quarter of fiscal 2017.
In August 2014, the FASB issued a new accounting standards update on the topic of going concern. The amendments in this
update provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s
ability to continue as a going concern and to provide related footnote disclosures. The amendments in this update are effective
for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is
permitted. The Company will adopt this guidance in the fourth quarter of fiscal 2017.
In February 2015, the FASB issued a new accounting standards update on the topic of consolidation. The amendments in this
update provide guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they
should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. The
amendments in this update are effective for the annual period beginning after December 15, 2015. Early adoption is permitted.
The Company will adopt this guidance in the first quarter of fiscal 2017 and is currently evaluating the impact that the adoption
will have on its results of operations, financial position and disclosures.