Preparing to Apply the New Revenue Recognition and Fair Value Measurement Standards
First written in FY2021. 2 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022.
32 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards have been applied from the beginning of the current 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. / The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; hereinafter, the “Fair Value Measurement Accounting Standard”) and other standards have been applied from the beginning of the current consolidated fiscal year, and the new accounting policies prescribed by the Fair Value Measurement Accounting Standard and other standards have been applied prospectively.」
The Revenue Recognition Accounting Standard, the Fair Value Measurement Accounting Standard and other standards that had been described in the previous fiscal year as being under preparation for application were applied from the beginning of the current consolidated fiscal year. There was no impact on the consolidated financial statements. - FY2022-Q1AchievedAnnual report
「From the beginning of the first quarter of the current consolidated fiscal year, we adopted the Accounting Standard for Revenue Recognition and related standards and will recognize 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 accounting standard for revenue recognition, which had been described in the previous fiscal year as being under preparation for application, was applied from 1 April 2021. There was no impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「Application is scheduled to begin at the start of the fiscal year ending March 2022. / The impact is being assessed as of the date of preparation of these consolidated financial statements.」
The accounting standards for revenue recognition, fair value measurement and other standards are scheduled to be applied from the start of the fiscal year ending March 2022, and the impact is being assessed.