Preparation for New Accounting Standards
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q1.
66 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We have applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards from the beginning of the first quarter of the current consolidated fiscal year.」
Based on the planned adoption previously announced, the Accounting Standard for Revenue Recognition was actually applied from the beginning of the first quarter of the current consolidated fiscal year. It states that there was no material impact on the quarterly consolidated financial statements or retained earnings at the beginning of the period. - FY2021AdvancedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates.」
Based on the planned adoption previously announced, the Accounting Standard for Disclosure of Accounting Estimates was actually applied to the financial statements for the fiscal year ended November 2021. - FY2020First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending November 2022. The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors are scheduled to be applied from the end of the fiscal year ending November 2021.」
For the new standards concerning revenue recognition, disclosure of accounting estimates and disclosure of accounting policies, among others, a preparation theme specifying the timing of adoption was described for the first time.