Ratable Recognition of Camrade Membership Fees Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
7 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The membership fees are recognised evenly as revenue over the contract period based on a reasonable basis.」
The company continues to recognise Camrade membership fees over the contract period rather than upon receipt. - FY2022AdvancedAnnual report
「Accordingly, for membership fees under Camrade agreements with Camrade chain franchisees, which had previously been recognised as revenue upon receipt, the company has changed to recognising revenue over the contract period based on a reasonable basis.」
The company applied the revenue recognition accounting standard from the beginning of the fiscal year and recognised Camrade membership fees over the contract period. The cumulative effect of the application on the beginning balance of retained earnings was a decrease of ¥9.975 million. - FY2022-Q2RestatedAnnual report
「Accordingly, for membership fees under Camrade agreements with Camrade chain franchisees, which had previously been recognised as revenue upon receipt, the company has changed to recognising revenue over the contract period based on a reasonable basis.」
Following the application of the revenue recognition accounting standard, the company continues to recognise membership fees under Camrade agreements over the contract period rather than upon receipt. - FY2022-Q1First statedAnnual report
「Accordingly, for membership fees under Camrade agreements with Camrade chain franchisees, which had previously been recognised as revenue upon receipt, the company has changed to recognising revenue over the contract period based on a reasonable basis.」
Following the application of the revenue recognition accounting standard and related standards, the company changed its accounting treatment for membership fees under Camrade agreements from recognising revenue upon receipt to recognising revenue over the contract period.