Preparation for Adoption of Tax-Effect Accounting and Revenue Recognition Standards
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2022-Q1.
12 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「We adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year and began recognizing revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The revenue recognition accounting standards and other standards that had previously been scheduled for application were applied from the beginning of the first quarter of the current consolidated fiscal year. The company explains that there is no impact on the financial statements. - FY2021RestatedAnnual report
「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending March 2022.」
The revenue recognition standards are scheduled to be applied from the beginning of the fiscal year ending March 2022, and the impact is stated to be under assessment as of the filing date. - FY2019RestatedAnnual report
「The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022. The Practical Solution on the Tentative Treatment of Accounting for Foreign Subsidiaries and Other Entities in Preparing Consolidated Financial Statements and other standards will be applied from the beginning of the fiscal year ending March 2020.」
The filing discloses that the post-application status of the tax-effect accounting standards will continue, and that the revenue recognition standards and other standards will be applied from the fiscal year ending March 2022, while the standards concerning accounting treatment for foreign subsidiaries and other entities will be applied from the fiscal year ending March 2020. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The filing continues to disclose that the tax-effect accounting standards have been applied from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q2RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards were adopted from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under fixed liabilities.」
The filing continues to disclose that the tax-effect accounting standards have been applied from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the current fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The tax-effect accounting standards were applied from the beginning of the first quarter of the current consolidated fiscal year, rather than from the planned beginning of the fiscal year ending March 2019. The planned application of the revenue recognition standards remains separate. - FY2018First statedAnnual report
「The Application Guidance on Accounting Standard for Tax Effect Accounting and other standards will be applied from the beginning of the fiscal year ending March 2019. The Accounting Standard for Revenue Recognition and other standards will be applied from the beginning of the fiscal year ending March 2022.」
The filing discloses plans to apply the tax-effect accounting standards from the fiscal year ending March 2019 and the revenue recognition standards from the fiscal year ending March 2022. The impact on the financial statements is stated to be under assessment as of the filing date in both cases.