Change in Accounting Policy for Cloud-Computing Contract Costs
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our Group had traditionally applied IAS 38 Intangible Assets and recognized intangible assets for configuration or customization costs under cloud-computing arrangements. In the previous consolidated fiscal year, however, based on the discussions leading to the IFRS Interpretations Committee agenda decision published in April 2021, we changed our accounting policy.」
The change in accounting policy for configuration and customization costs under cloud contracts, together with its retrospective adjustment, has been reconfirmed. - FY2023-Q3RestatedAnnual report
「Our Group had traditionally applied IAS 38 Intangible Assets and recognized intangible assets for configuration or customization costs under cloud-computing arrangements. In the previous consolidated fiscal year, however, based on the discussions leading to the IFRS Interpretations Committee agenda decision published in April 2021, we changed our accounting policy.」
The change in accounting policy for configuration and customization costs under cloud contracts, together with its retrospective adjustment, has been reconfirmed. - FY2022First statedAnnual report
「Our Group had traditionally applied IAS 38 Intangible Assets and recognized intangible assets for configuration or customization costs under cloud-computing arrangements. From the current consolidated fiscal year, however, based on the discussions leading to the IFRS Interpretations Committee agenda decision published in April 2021, we changed to recognizing these costs as expenses when the configuration or customization services are received.」
Based on the IFRS Interpretations Committee’s discussions, the accounting policy was changed to expense configuration and customization costs under cloud contracts when the services are received, and the change was applied retrospectively to the previous fiscal year.