Adoption of IFRS 9 and IFRS 15 by Overseas Subsidiaries
First written in FY2019-Q3. 1 of 3 entries say "Advanced", first in FY2019. Latest entry: FY2020.
Taisei Lamick Group Head Quarter & Innovation moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 4 of 25 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「Overseas consolidated subsidiaries applying U.S. GAAP have applied ASU 2014-09, “Revenue from Contracts with Customers,” from the current consolidated fiscal year. Accordingly, revenue is recognized at an amount reflecting the consideration the subsidiaries expect to receive in exchange for the goods or services, at the point when the promised goods or services are transferred to the customer.」
For accounting standards applied by overseas subsidiaries, the company reports the application of U.S. GAAP ASU 2014-09 in addition to IFRS 9 and IFRS 15. The impact is described as immaterial. - FY2019AdvancedAnnual report
「Certain overseas consolidated subsidiaries have applied IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) from the current consolidated fiscal year. The impact of applying these accounting standards on the consolidated financial statements for the current consolidated fiscal year is immaterial.」
The company has progressed from planning to apply IFRS 9 and IFRS 15 as of the previous quarter to actually applying them at certain overseas subsidiaries. - FY2019-Q3First statedAnnual report
「Certain overseas subsidiaries have applied IFRS 9 (Financial Instruments) and IFRS 15 (Revenue from Contracts with Customers) from the current consolidated accounting period. The impact of applying these accounting standards on the quarterly consolidated financial statements is immaterial.」
Certain overseas subsidiaries applied IFRS 9 and IFRS 15 from the current consolidated accounting period, with an immaterial impact on the quarterly consolidated financial statements.