Preparing to Adopt the Revenue Recognition and Fair Value Measurement Standards
First written in FY2021. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
34 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company applied the “Implementation Guidance on Accounting Standard for Fair Value Measurement” (Accounting Standard for Business Enterprises No. 31, 17 June 2021, hereinafter the “Fair Value Measurement Accounting Standard Implementation Guidance”) from the beginning of the current first quarter of the consolidated fiscal year and, in accordance with the transitional treatment set out in paragraph 27-2 of the Fair Value Measurement Accounting Standard Implementation Guidance, decided to apply prospectively the new accounting policies prescribed by the guidance.」
The Fair Value Measurement Accounting Standard Implementation Guidance, which had been scheduled for application from the beginning of the fiscal year ending July 2023, was applied from the beginning of the current first quarter. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The planned application of the revenue recognition accounting standard from the beginning of the fiscal year ending July 2022 moved to the implementation stage, and the accounting standards concerning fair value measurement were also applied from the beginning of the current quarter. - FY2021First statedAnnual report
「This will be applied from the beginning of the fiscal year ending July 2022. The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (revised in 2021) will be applied from the beginning of the fiscal year ending July 2023.」
The new accounting standards concerning revenue recognition and fair value measurement were scheduled to be applied from the fiscal year ending July 2022, while the 2021 revised implementation guidance concerning fair value measurement was scheduled to be applied from the fiscal year ending July 2023.