Lion Office Products Corp. (423A) · InitiativeAchieved
Preparations for Applying the Accounting Standards for Revenue Recognition, Fair Value Measurement and Related Matters
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
2entries
2years
0from disclosures
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Same theme, other companies
Simultaneous application of the Revenue Recognition and Fair Value Measurement Accounting StandardsA theme 197 companies write about · 7 as a headwind · 2 as a tailwind
35 other companies' latest entry also says "Achieved".
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Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Full recordFilings, disclosures and news, newest first
- FY2022AchievedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated 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 is transferred to the customer.」
The company applied the revenue recognition accounting standards and related standards, which had been scheduled for the previous fiscal year, from the beginning of the current fiscal year. It also applied the fair value measurement accounting standards and related standards from the beginning of the current fiscal year. - FY2021First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending September 2022.」
For the new accounting standards on revenue recognition, fair value measurement, inventory valuation and financial instruments, the company has disclosed for the first time that they are scheduled to be applied from the beginning of the following fiscal year and that the impact is still being assessed.