Application in FY2022 of New Accounting Standards on Fair Value, Estimates and Accounting Policies
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- FY2023-Q1AdvancedAnnual report
「The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Implementation Guidance”) was applied from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policy prescribed by the guidance will be applied prospectively.」
The implementation guidance for the Fair Value Measurement Standard was actually applied from the beginning of the first quarter of the current fiscal year, with the company moving to a new accounting policy based on the transitional treatment. There is no impact on the financial statements. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and other standards were applied from the beginning of the first quarter of the current fiscal year, and the new accounting policies prescribed by the Fair Value Measurement Standard and other standards will be applied prospectively. There is no impact on the financial statements for the first quarter of the current fiscal year.」
The Accounting Standard for Fair Value Measurement and related standards were actually applied from the beginning of the first quarter of the fiscal year ending June 2022, with no impact on the financial statements. - FY2021AdvancedAnnual report
「The Company has applied the Accounting Standard for Disclosure of Accounting Estimates from the financial statements for the fiscal year-end and includes notes on significant accounting estimates in the financial statements.」
In addition to the standards scheduled for application in the fiscal year ending June 2022, the company has applied the accounting standard for disclosure of accounting estimates to the financial statements for the current fiscal year-end and begun including the related notes. - FY2020First statedAnnual report
「(2) Scheduled date of application The standards will be applied from the beginning of the fiscal year ending June 2022.」
The company has stated that it plans to apply the Accounting Standard for Fair Value Measurement, the Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Error Corrections from the beginning of the fiscal year ending June 2022.