Daikoku Denki (6430) · InitiativeAchieved
Application of the Revenue Recognition Accounting Standard for the Fiscal Year Ending March 2022
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Assessment of the Impact of Applying the Accounting Standard for Revenue RecognitionA theme 200 companies write about · 1 as a headwind · 0 as a tailwind
37 other companies' latest entry also says "Achieved".
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Full recordFilings, disclosures and news, newest first
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards were applied from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services transfers to the customer.」
The Company applied the Accounting Standard for Revenue Recognition, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the first quarter of the current fiscal year. - FY2021First statedAnnual report
「The scheduled application date for the Accounting Standard for Revenue Recognition and related standards is the beginning of the fiscal year ending March 2022.」
The Company describes for the first time its plan to apply the Accounting Standard for Revenue Recognition from the beginning of the fiscal year ending March 2022, indicating that the amounts recorded as revenue and other items in certain transactions in the control systems business are expected to change.