Preparation for Applying the Accounting Standard for Fair Value Measurement and Impact Assessment
First written in FY2021. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「From the beginning of the first quarter, we applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019, the “Fair Value Measurement Standard”) and related standards. In accordance with the transitional treatment specified in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), we will apply the new accounting policies prescribed by the standards prospectively. There was no impact on the quarterly consolidated financial statements.」
It has been reconfirmed that the fair value measurement accounting standards and related matters were applied from the beginning of the first-quarter consolidated accounting period and had no impact on the quarterly consolidated financial statements. - FY2022-Q1AchievedAnnual report
「The Company applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related standards from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment set out in paragraph 19 of the standard and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), the new accounting policies prescribed by these standards will be applied prospectively. The application had no impact on the quarterly consolidated financial statements.」
The fair value measurement accounting standards and related matters, for which preparation and impact assessment had been under way for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the current first-quarter consolidated accounting period. It is stated that there was no impact on the quarterly consolidated financial statements. - FY2021First statedAnnual report
「The Accounting Standard for Fair Value Measurement and the Implementation Guidance on Accounting Standard for Fair Value Measurement and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
It was documented for the first time that the company was assessing the impact of the fair value measurement accounting standard, its implementation guidance, the standards concerning inventories and financial instruments, and the fair value disclosure guidance, which were scheduled to be applied from the beginning of the fiscal year ending March 2022.