Adoption of ASU 2016-02, “Leases,” by U.S. Consolidated Subsidiaries
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「ASU No. 2016-02, “Leases,” has been applied from the beginning of the current consolidated fiscal year by the U.S. consolidated subsidiaries that apply U.S. GAAP.」
The lease accounting standard continues to be applied by the U.S. consolidated subsidiaries, and its impact on financial position and operating results is considered immaterial. - FY2023-Q1First statedAnnual report
「A U.S. consolidated subsidiary that applies U.S. GAAP has applied ASU No. 2016-02, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. As a result, lessees are generally required to recognize assets and liabilities for all leases. In applying the standard, the subsidiary has adopted the method of recognizing the cumulative effect of the accounting policy change on the adoption date in accordance with the transitional treatment. The impact of the accounting policy change on the quarterly consolidated financial statements was immaterial.」
The U.S. consolidated subsidiary applying U.S. GAAP adopted ASU No. 2016-02, “Leases,” from the beginning of the current quarter. The impact on the financial statements was immaterial.