Preparation to adopt the Accounting Standard for Revenue Recognition for the fiscal year ending March 2023
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
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- FY2023-Q2AchievedAnnual report
「We adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other related standards from the beginning of the first quarter of the current 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 transfers to the customer.」
The company actually adopted the Accounting Standard for Revenue Recognition, which had been scheduled for adoption from the beginning of the fiscal year ending March 2023, from the beginning of the first quarter of the current consolidated fiscal year. It also describes specific recognition methods, including time-based allocation and net presentation in the Solutions Business and the deduction of sales promotion expenses from revenue in the Mobile Business. - FY2021First statedAnnual report
「Scheduled adoption date for the Accounting Standard for Revenue Recognition: The standard is scheduled to be adopted from the beginning of the fiscal year ending March 2023. The impact is currently being assessed in preparing the consolidated financial statements.」
The company plans to adopt the new Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2023 and is assessing its impact on the financial statements.