Timing of Adoption and Impact Assessment of the Revenue Recognition Accounting Standard
First written in FY2019. 1 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q3.
83 other companies' latest entry also says "Other".
- FY2022-Q3Disclosed the impact of revenue recognition after adoptionAnnual report
「As a result, revenue decreased by ¥17 million, cost of sales by ¥3 million and selling, general and administrative expenses by ¥13 million during the nine-month period of the current fiscal year. The impact on operating profit, ordinary profit and profit before income taxes was immaterial.」
The company specifically disclosed the impact on revenue and other items for the nine-month period after adopting the revenue recognition accounting standard. - FY2022-Q1AchievedAnnual report
「From the first quarter of the current fiscal year, the company has applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and other related standards.」
The Accounting Standard for Revenue Recognition and other related standards, which had been scheduled for adoption from the beginning of the fiscal year ending August 2022, were adopted from the beginning of the first quarter of the current fiscal year. The methods of recognizing revenue from points, rebates and agency transactions were also changed. - FY2021AdvancedAnnual report
「The standards are scheduled to be adopted from the beginning of the fiscal year ending August 2022. The impact on the consolidated financial statements of adopting the Accounting Standard for Revenue Recognition and other related standards is currently being assessed.」
The timeline became more specific, changing from consideration of the adoption timing to scheduled adoption from the beginning of the fiscal year ending August 2022. The impact continues to be assessed. - FY2019First statedAnnual report
「The timing of adoption is currently under consideration. The impact on the consolidated financial statements of adopting the Accounting Standard for Revenue Recognition and other related standards is currently being assessed.」
The company disclosed for the first time that the timing of adoption of the new revenue recognition accounting standards and their impact on the consolidated financial statements had not been determined.