Jimoto Holdings (7161) · InitiativeAchieved
Adoption of the Revenue Recognition Accounting Standard
First written in FY2019. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
2entries
3years
0from disclosures
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Impact of Applying Revenue Recognition Accounting Standards on Financial StatementsA theme 366 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 366 threads.Full recordFilings, disclosures and news, newest first
- FY2022-Q1AchievedAnnual report
「The Company adopted the Accounting Standard for Revenue Recognition and other standards from the beginning of the first quarter and now recognizes revenue when control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」
The revenue recognition accounting standard, which was scheduled to be applied from the fiscal year ending March 2022, was applied from the beginning of the first quarter. As a result, the opening balance of retained earnings decreased by ¥75 million, while the impact on quarterly profit or loss was minor. - FY2019First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on the Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022.」
The company planned to apply the new revenue recognition accounting standard from the fiscal year ending March 2022 and disclosed that it was assessing the impact of its application.