Preparation to apply new standards on fair-value measurement, accounting estimates and disclosure of accounting policies
First written in FY2020. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022-Q2.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
12 other companies' latest entry also says "Advanced".
- FY2022-Q2AdvancedAnnual report
「We adopted the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019; the Fair Value Measurement Standard) and other related standards from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 19 of the Fair Value Measurement 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 the Fair Value Measurement Standard and other related standards prospectively.」
The standards on fair value measurement and related matters progressed from the preparation stage to actual adoption at the beginning of the first quarter of the current consolidated fiscal year. - FY2021AdvancedAnnual report
「The Accounting Standard for Accounting Estimates (ASBJ Statement No. 31, 31 March 2020) has been applied to the consolidated financial statements for the fiscal year-end, and notes on significant accounting estimates have been included in the consolidated financial statements.」
The new standard on disclosure of accounting estimates was applied from the end of the current fiscal year, and notes on significant estimates, including deferred tax assets and impairment of fixed assets, were actually included. - FY2020First statedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates and the Accounting Standard for Disclosure of Accounting Policies, Accounting Changes and Error Corrections will be applied from the fiscal year-end of the fiscal year ending July 2021.」
Separately from the revenue recognition standard, the new standards on disclosure of accounting estimates and accounting policies were first scheduled for adoption from the end of the fiscal year ending July 2021, and the standards on fair value measurement and related matters from the beginning of the fiscal year ending July 2022.