Separate presentation of points provision
First written in FY2018. 1 of 2 entries say "Reframed", first in FY2023-Q1. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1ReframedAnnual report
「Because the accounting standard for revenue recognition was applied, the “provision for customer loyalty points,” which was presented under “Current liabilities” in the consolidated balance sheet for the previous consolidated fiscal year, has been presented from the current first-quarter consolidated accounting period as “Contract liabilities” included under “Other” within “Current liabilities.”」
The presentation has changed from separately presenting the provision for customer loyalty points to including it as contract liabilities under “Other” within current liabilities following application of the accounting standard for revenue recognition. - FY2018First statedAnnual report
「In the previous consolidated fiscal year, “changes in provision for customer loyalty points (decreases shown in parentheses),” which had been included under “Other” in “Cash flows from operating activities,” will be presented separately from the current consolidated fiscal year because its materiality has increased.」
The company has disclosed for the first time its accounting presentation policy of separately presenting the provision for customer loyalty points in the statement of cash flows because its materiality has increased.