NOTE 4 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Jan. 31, 2014

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

NOTE 4 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

NOTE 4 – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.

The Company reviews the FASB issued Accounting Standards Update (ASU) pronouncements and interpretations that have effective dates during the periods reported an in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.