Preparation for Applying New Accounting Standards on Revenue Recognition and Fair Value Measurement
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
36 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 standard, which had been scheduled for application from the beginning of the fiscal year ending March 2022, was applied from the beginning of the first quarter of the current fiscal year. The accounting standard for fair value measurement was also applied, and the impact on the financial statements was stated to be nil. - FY2021First statedAnnual report
「The planned effective date for the Accounting Standard for Revenue Recognition and other related standards is the beginning of the fiscal year ending March 2022. The planned effective date for the Accounting Standard for Fair Value Measurement and other related standards is the beginning of the fiscal year ending March 2022.」
The Company first disclosed plans to apply the new accounting standards on revenue recognition and fair value measurement from the beginning of the fiscal year ending March 2022, while stating that the impact was under evaluation or undetermined.