Company: EJH
Filing Date: 2025-10-30
Form Type: 20-F
Source: 0001213900-25-104179
Chunk: 96

Company: E-Home Household Service Holdings Ltd
Filing Date: 2025-10-30
Form: 20-F
Item: Item 4A
Chunk 96
---
 its consolidated financial statement
disclosures and expect the standard will primarily affect the level of expense disaggregation presented in the notes to the consolidated
financial statements rather than recognition or measurement.

In January 2025, the FASB issued ASU 2025-01 - Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the
Effective Date. This ASU amends the effective date of Update 2024-03 to clarify that all public business entities are required to
adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods
beginning after December 15, 2027. We expect the adoption of this ASU will not have a material effect on our consolidated financial statements.

In July 2025, the FASB issued ASU 2025-05, which amends ASC 326-20
to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities,
that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract
assets that arise from transactions accounted for under ASC 606. The Board developed the new guidance in conjunction with the Private
Company Council to address concerns from stakeholders that estimating expected credit losses can be costly and complex for such transactions.
ASU 2025-05 is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual
reporting periods, with early adoption permitted. Entities should apply the new guidance prospectively. We expect the adoption of this
ASU will not have a material effect on our consolidated financial statements.

On September 18, 2025, the FASB issued Accounting
Standards Update (ASU) 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements
to the Accounting for Internal-Use Software. ASU 2025-06 modernizes the accounting for internal-use software (the existing internal-use
software guidance does not contemplate more current methods of software development). The amendments in ASU 2025-06 are limited and focused
on the key challenge that entities face in applying FASB Accounting Standards Codification (FASB ASC) 350-40 - applying that guidance
to software that is developed using modern, iterative approaches