Ushio (6925) · InitiativeAchieved
Application of Topic 326 Credit Losses Standard to Foreign Subsidiaries
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Application of Topic 326 Credit Loss Accounting at Overseas SubsidiariesA theme 11 companies write about · 5 as a headwind · 0 as a tailwind
2 other companies' latest entry also says "Achieved".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2024AchievedAnnual report
「Topic 326, "Financial Instruments—Credit Losses," has been applied from the beginning of the current consolidated fiscal year to overseas subsidiaries that apply U.S. GAAP.」
The application of Topic 326, planned and initiated in the previous fiscal year, was implemented from the beginning of the fiscal year, completing the recognition of impairment losses under the expected credit loss model. - FY2024-Q1First statedAnnual report
「Topic 326, "Financial Instruments—Credit Losses," has been applied from the beginning of the first quarter of the current consolidated fiscal year to overseas subsidiaries that apply U.S. GAAP. As a result, the classification and measurement methods for financial instruments have been reviewed, and impairment losses on financial assets have been recognized using the expected credit loss model.」
Topic 326 was applied from the beginning of the first quarter to overseas subsidiaries that apply U.S. GAAP, and recognition of impairment losses under the expected credit loss model began. The impact on the quarterly consolidated financial statements was described as immaterial.