Application of the Revenue Recognition and Fair Value Measurement Accounting Standards and Related Standards
First written in FY2022-Q1. . Latest entry: FY2023-Q2.
12 other companies' latest entry also says "Other".
- FY2023-Q2Application of the accounting standard implementation guidance on fair value measurement confirmedAnnual report
「From the beginning of the first quarter, we applied the “Implementation Guidance on Accounting Standard for Fair Value Measurement” (Accounting Standards Board of Japan Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”). In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, we applied the new accounting policies prescribed by the guidance prospectively. This had no impact on the quarterly financial statements.」
The company states that it applied the Fair Value Measurement Guidance from the beginning of the first quarter and that this had no impact on the quarterly financial statements. - FY2022-Q2Change in presentation categories confirmedAnnual report
「Following the application of the Revenue Recognition Accounting Standard and other applicable standards, “Accounts receivable,” which was presented under “Current assets” on the balance sheet for the previous fiscal year, is included and presented under “Accounts receivable and contract assets” from the first quarter.」
Following the application of the Revenue Recognition Accounting Standard, the company confirmed a change in presentation whereby accounts receivable is included under accounts receivable and contract assets. It states that there was no impact on profit or loss or the opening balance of retained earnings. - FY2022-Q1First statedAnnual report
「From the beginning of the first quarter of the current fiscal year, we applied the “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other applicable standards. Accordingly, 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. As a result, there was no impact on profit or loss for the cumulative first quarter. There was also no impact on the opening balance of retained earnings.」
The company applied the Revenue Recognition Accounting Standard and other applicable standards from the beginning of the first quarter, stating that there was no impact on profit or loss or the opening balance of retained earnings. It also applied the accounting standards on fair value measurement and related guidance prospectively, stating that there was no impact on the financial statements.