Fdk (6955) · InitiativeAchieved
Adoption of the revenue recognition accounting standard from 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
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Same theme, other companies
Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 365 companies write about · 218 as a headwind · 11 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 365 threads.Full recordFilings, disclosures and news, newest first
- FY2022-Q1AchievedAnnual report
「We applied the Accounting Standard for Revenue Recognition and related standards from the beginning of the first-quarter consolidated accounting period. Revenue is recognized at the point when control of the promised goods or services is transferred to the customer, at the amount expected to be received in exchange for those goods or services.」
The Accounting Standard for Revenue Recognition and related standards, which had been scheduled for the previous fiscal year, were applied from 1 April 2021. As a result, net sales decreased by ¥14 million, operating profit decreased by ¥2 million, ordinary profit increased by ¥5 million, and the opening balance of retained earnings decreased by ¥6 million. - FY2021First statedAnnual report
「The cumulative effect of applying the “Accounting Standard for Revenue Recognition” and related standards is expected to be reflected in net assets at the beginning of the next consolidated fiscal year, resulting in an expected ¥6 million decrease in the opening balance of retained earnings.」
The Accounting Standard for Revenue Recognition and related standards were scheduled to be applied from the beginning of the fiscal year ended March 2022, with the resulting impact on the opening balance of retained earnings expected to be a decrease of ¥6 million.