Janome (6445) · InitiativeAchieved
Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending March 2022
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
2entries
4years
0from disclosures
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対応 to the 2022 Adoption of the Revenue Recognition Accounting StandardA theme 619 companies write about · 16 as a headwind · 1 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 619 threads.Full recordFilings, disclosures and news, newest first
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current 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 is transferred to the customer.」
The Company actually applied the accounting standards on revenue recognition and related standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, from the beginning of the current first quarter of the fiscal year. It stated that the impact on profit or loss and retained earnings at the beginning of the fiscal year was immaterial. - FY2018First statedAnnual report
「Scheduled effective date The new standard is scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The Company stated that it planned to apply the new accounting standard and implementation guidance on revenue recognition from the beginning of the fiscal year ending March 2022, with the amount of the impact still under assessment.