Seven & i Holdings (3382) · PolicyRestated
Net Presentation of Revenue and Deferral of Points Following Adoption of the Revenue Recognition Accounting Standard
First written in FY2023-Q2. 1 of 2 entries say "Restated". Latest entry: FY2023-Q3.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Changes in the accounting treatment of agent transactions and points following adoption of the revenue recognition accounting standardsA theme 40 companies write about · 13 as a headwind · 1 as a tailwind
24 other companies' latest entry also says "Restated".
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Showing 14 of the 40 companies compared. The sentences above are computed from all 40.Full recordFilings, disclosures and news, newest first
- FY2023-Q3RestatedAnnual report
「We have applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the consolidated fiscal year.」
The company continues to apply the revenue recognition accounting standard and provides quarterly disclosures based on the net presentation of revenue from agency transactions and the deferral of points into contract liabilities. - FY2023-Q2First statedAnnual report
「We have applied the revenue recognition accounting standard and related standards from the beginning of the first quarter of the consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
Beginning with the first quarter of the fiscal year ending February 2023, the company applied the revenue recognition accounting standard, changed revenue from agency transactions from gross to net presentation, and introduced an accounting policy to defer its own points as performance obligations into contract liabilities.