Preparation for new accounting standards on revenue recognition and fair-value measurement
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
36 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition and related standards were adopted from the beginning of the first quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange.」
The Company applied the accounting standard for revenue recognition from the beginning of the first quarter of the current consolidated fiscal year. The impact on the financial statements was immaterial, and there was no impact on the beginning balance of retained earnings. The Company also applied the accounting standards concerning fair value measurement and related matters from the beginning of the period, with no impact. - FY2021First statedAnnual report
「The planned effective date for the Accounting Standard for Revenue Recognition and other related standards is the beginning of the fiscal year ending March 2022. The planned effective date for the Accounting Standard for Fair Value Measurement and other related standards is the beginning of the fiscal year ending March 2022.」
The Company has stated for the first time that it plans to apply the new accounting standards concerning revenue recognition and fair value measurement from the beginning of the fiscal year ending March 2022.