Creek & River (4763) · InitiativeAchieved
Application of the revenue recognition accounting standard from the fiscal year ending February 2023
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2023-Q1.
3entries
3years
0from disclosures
How it moved
Same theme, other companies
Adoption of the Accounting Standard for Revenue Recognition for the Fiscal Year Ending February 2023 (Immaterial Impact)A theme 25 companies write about · 2 as a headwind · 1 as a tailwind
10 other companies' latest entry also says "Achieved".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.Full recordFilings, disclosures and news, newest first
- FY2023-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020; the “Revenue Recognition Standard”) and related standards from the beginning of the cumulative first-quarter period, and now recognize revenue at the amount expected to be received in exchange for the promised goods or services when control of those goods or services transfers to the customer.」
The Company applied the revenue recognition accounting standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending February 2023, from the beginning of the first-quarter accounting period. It changed revenue recognition for made-to-order production and similar transactions to recognition based on the degree of progress, and for agency transactions to net recognition, reducing net sales by ¥602,526 thousand. - FY2022RestatedAnnual report
「To be applied from the beginning of the fiscal year ending February 2023.」
The Company continues to state its plan to apply the revenue recognition accounting standard from the beginning of the fiscal year ending February 2023. - FY2020First statedAnnual report
「To be applied from the beginning of the fiscal year ending February 2023.」
The Company plans to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending February 2023, and is currently assessing the impact on the consolidated financial statements.