Preparation for Applying New Accounting Standards on Fair Value Measurement, Financial Instruments and Inventory Valuation
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「The company has applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Accounting Standard”) and other standards from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in Paragraph 19 of the Fair Value Measurement Accounting Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), the company will apply the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards prospectively.」
The new accounting standards on fair value measurement, financial instruments and related disclosures were applied from 1 April 2021. There was no impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「The Fair Value Measurement Standard and the Implementation Guidance on the Fair Value Measurement Standard were developed, establishing guidance on fair value measurement methods.」
The standards on fair value measurement, inventory valuation, financial instruments and disclosures of the fair value of financial instruments were scheduled to be applied from the beginning of the fiscal year ending March 2022, and the amount of the impact was under assessment.