Five-Step Revenue Recognition under IFRS 15
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
18 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group has applied IFRS 15 Revenue from Contracts with Customers (published May 2014) and Clarifications to IFRS 15 (published April 2016) from the current consolidated fiscal year (collectively, hereinafter “IFRS 15”) and recognizes revenue based on the five-step approach described below.」
The revenue recognition policy under IFRS 15 and the five-step approach continued as the full-year accounting policy. - FY2019RestatedAnnual report
「The Group has applied IFRS 15 Revenue from Contracts with Customers (published May 2014) and Clarifications to IFRS 15 (published April 2016) from the current consolidated fiscal year (collectively, hereinafter “IFRS 15”) and recognizes revenue based on the five-step approach described below.」
The application of IFRS 15 and five-step revenue recognition continued as the full-year accounting policy. - FY2019-Q2RestatedAnnual report
「The Group has applied IFRS 15 Revenue from Contracts with Customers (published May 2014) and Clarifications to IFRS 15 (published April 2016) from the first quarter of the consolidated fiscal year (collectively, hereinafter “IFRS 15”). In applying IFRS 15, the Group adopted a method of recognizing the cumulative effect of applying the standard at the date of initial application.」
The application of IFRS 15 from the first quarter and the method of recognizing its cumulative effect at the date of initial application continued to be reported in the second quarter. - FY2019-Q1First statedAnnual report
「The Group has applied IFRS 15 Revenue from Contracts with Customers (published May 2014) and Clarifications to IFRS 15 (published April 2016) from the first quarter of the current consolidated fiscal year (collectively, hereinafter “IFRS 15”). In applying IFRS 15, the Group adopted a method of recognizing the cumulative effect of applying the standard at the date of initial application. Accordingly, the Group recognizes revenue based on the five-step approach described below.」
From the first quarter, the Group applied IFRS 15 and adopted the five steps of identifying contracts with customers, identifying performance obligations, determining and allocating the transaction price, and recognizing revenue when performance obligations are satisfied.