Annual report pursuant to Section 13 and 15(d)

Summary of Significant Differences Between Generally Accepted Accounting Principles (GAAP) in the United States, Canada and Australia

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Summary of Significant Differences Between Generally Accepted Accounting Principles (GAAP) in the United States, Canada and Australia
 12 Months Ended
Mar. 31, 2012
Summary of Significant Differences Between Generally Accepted Accounting Principles (GAAP) in the United States, Canada and Australia  
Summary of Significant Differences Between Generally Accepted Accounting Principles (GAAP) in the United States, Canada and Australia

18. Summary of Significant Differences Between Generally Accepted Accounting Principles (GAAP) in the United States, Canada and Australia.

 

The accounting principles followed by the Company conform with U.S. GAAP. While the financial statements at March 31, 2012 and 2011, for the year ended March 31, 2012, for the periods from May 1, 2010 to March 31, 2011, and for the period from April 1, 2010 to April 30, 2010, were completed under U.S. GAAP, Thermon Canada, Inc. was reconciled to U.S. GAAP by the Predecessor for the year ended March 31, 2010. There were no significant differences affecting the Company between U.S. GAAP and Canadian GAAP as it relates to Thermon Canada, Inc. for the year ended March 31, 2010.

 

In addition, no significant differences affecting the Company between U.S. GAAP and Australian GAAP as it relates to Thermon Australia, PTY., LTD were identified for the Predecessor year ended March 31, 2010. The accounting for Thermon Australia, PTY., LTD was completed under U.S. GAAP at March 31, 2012 and 2011.