Preparation for the Application of the Accounting Standard for Fair Value Measurement and Related Standards in the Fiscal Year Ending March 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
- FY2022-Q1AchievedAnnual report
「We adopted 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 consolidated fiscal year. In accordance with the transitional treatment specified in Paragraph 19 of the 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 these standards prospectively. There is no impact on the quarterly consolidated financial statements.」
The fair value measurement standards previously scheduled for application from the beginning of the fiscal year ending March 2022 were actually applied from the beginning of the current first-quarter consolidated accounting period, with no impact on the financial statements. - FY2021First statedAnnual report
「The Accounting Standard for Fair Value Measurement (Accounting Standard No. 30, 4 July 2019) and the Implementation Guidance on Accounting Standard for Fair Value Measurement (Implementation Guidance No. 31, 4 July 2019), among other standards, are scheduled to apply from the beginning of the fiscal year ending March 2022.」
The company first disclosed plans to apply the fair value measurement standard, guidance for financial instruments and inventories, and fair-value disclosure guidance from the beginning of the fiscal year ending March 2022. The impact was not yet determined.