Preparing for the Application of New Standards on Fair Value Measurement, Accounting Policy Disclosures and Accounting Estimate Disclosures
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. 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 company adopted the "Accounting Standard for Fair Value Measurement" (ASBJ Statement No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Accounting Standard") and related standards from the beginning of the current first quarter of the consolidated 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 prospectively the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and related standards. There is no impact on the quarterly consolidated financial statements.」
The company adopted the Fair Value Measurement Accounting Standard and related standards, which had been scheduled for adoption from the beginning of the fiscal year ending February 2023, from the beginning of the current first quarter of the consolidated fiscal year. It disclosed that there was no impact on the financial statements. - FY2022AdvancedAnnual 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.」
In addition to preparing for the adoption of the new standards, the company actually adopted the standard on disclosure of accounting estimates at the end of the current fiscal year. The planned adoption of the fair value measurement standard and related standards from the beginning of the fiscal year ending February 2023 remains unchanged. - FY2021First statedAnnual report
「The "Accounting Standard for Fair Value Measurement" and related standards will be adopted from the beginning of the fiscal year ending February 2023. The "Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Errors" will be adopted from the end of the fiscal year ending February 2022. The "Accounting Standard for Disclosure of Accounting Estimates" will be adopted from the end of the fiscal year ending February 2022.」
In addition to the revenue recognition standard, the company has disclosed for the first time, in one section, its planned adoption of new standards on fair value measurement, accounting policy disclosures and disclosures of accounting estimates.