Adoption of the accounting standard for disclosure of accounting estimates
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
- FY2024RestatedAnnual report
「When control of goods or services is transferred to a customer over a certain period, the Group recognizes revenue over that period as it satisfies its performance obligations to transfer the goods or services to the customer. Progress toward satisfying performance obligations is measured based on the proportion of construction costs incurred by the end of each reporting period to the total estimated construction costs.」
The company continues to disclose significant estimates, including amounts and calculation methods, for progress toward satisfying performance obligations, the provision for losses on construction contracts, and deferred tax assets. - FY2023AdvancedAnnual report
「When control of goods or services is transferred to a customer over a certain period, the Group recognizes revenue over that period as it satisfies its performance obligations to transfer the goods or services to the customer. Progress toward satisfying performance obligations is measured based on the proportion of construction costs incurred by the end of each reporting period to the total estimated construction costs.」
The company provided specific disclosures on accounting estimates for 3 items—the provision for losses on construction contracts, progress toward satisfying performance obligations, and deferred tax assets—together with their amounts and calculation methods. - FY2021First statedAnnual report
「The Accounting Standard for Disclosure of Accounting Estimates was applied from the consolidated financial statements for the year-end of the current consolidated fiscal year, and notes concerning significant accounting estimates are included in the consolidated financial statements.」
The company applied the disclosure requirements for accounting estimates from the consolidated financial statements for the current year-end, disclosing the provision for losses on construction contracts, the progress rate under the percentage-of-completion method, and deferred tax assets as significant estimates.