Preparation for Applying the Revenue Recognition and Fair Value Measurement Accounting Standards
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
32 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The company applied the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the fiscal year under review. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer. The company also applied the Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; the “Fair Value Measurement Standard”) and related standards from the beginning of the first quarter of the fiscal year under review. 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 (Accounting Standards Board of Japan Statement No. 10, 4 July 2019), the company will apply the new accounting policies prescribed by the Fair Value Measurement Standard and related standards prospectively.」
The revenue recognition standard and fair value measurement standard and related standards, which had been scheduled for the previous fiscal year, were actually applied from the beginning of the fiscal year ending March 2022. - FY2021First statedAnnual report
「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Fair Value Measurement and related standards are also scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company indicated that it planned to apply the revenue recognition standard and fair value measurement-related standards from the beginning of the fiscal year ending March 2022, with the impact on the financial statements still under assessment or undetermined.