v3.26.1
Note 21 - Recently Issued Accounting Standards Not Yet Adopted
9 Months Ended
Apr. 30, 2026
Notes to Financial Statements  
Accounting Standards Update and Change in Accounting Principle [Text Block]

Note 21Recently Issued Accounting Standards Not Yet Adopted

 

In September 2025, the FASB issued ASU 2025-06 – Intangibles Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which simplifies the capitalization guidance by removing all references to software development project stages so that the guidance is neutral to different software development methods. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods, with early adoption permitted. The amendments in this update permit an entity to apply the new guidance using a prospective, retrospective or modified transition approach. The Company is currently in the process of evaluating the effects of this pronouncement on its consolidated financial statements.