Preparing to Adopt New Accounting Standards on Fair Value Measurement and Disclosure of Accounting Estimates
First written in FY2020. 2 of 4 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
102 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「We have applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (Accounting Standards Implementation Guidance No. 31, 17 June 2021; hereinafter, the Fair Value Measurement Implementation Guidance) from the beginning of the first quarter of the current fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Implementation Guidance, the new accounting policies prescribed therein will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement was applied from 1 April 2022, and the planned implementation of the new accounting standards proceeded. The company stated that there was no impact on the quarterly consolidated financial statements. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related standards have been adopted from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in Paragraph 19 of the standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, 4 July 2019), the new accounting policies prescribed by the standards will be applied prospectively. The adoption has no impact on the quarterly consolidated financial statements.」
The accounting standards for fair value measurement and related standards were applied from the beginning of the fiscal year ending March 2022, as scheduled. The company stated that there was no impact on the quarterly consolidated financial statements. - FY2021AdvancedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates.」
The accounting standards for disclosure of accounting estimates were applied starting with the consolidated financial statements for the year-end. The accounting standards for fair value measurement and related standards, meanwhile, were scheduled to be applied from the beginning of the fiscal year ending March 2022. - FY2020First statedAnnual report
「The Fair Value Measurement Standard and the Implementation Guidance on the Fair Value Measurement Standard were developed, establishing guidance on fair value measurement methods.」
The company disclosed for the first time that it planned to apply the accounting standards for fair value measurement and related standards from the beginning of the fiscal year ending March 2022, and the accounting standards for disclosure of accounting estimates and related standards from the end of the fiscal year ending March 2021.