Change in the accounting treatment of sales incentives as deductions from revenue
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
3 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The group previously recorded sales incentives as selling, general and administrative expenses, but from the current consolidated fiscal year has changed to deducting them from revenue.」
The accounting policy of deducting sales incentives from revenue continues to be applied. - FY2019-Q3RestatedAnnual report
「The group previously recorded sales incentives as selling, general and administrative expenses, but from the first quarter changed to deducting them from revenue.」
The change implemented from the first quarter to deduct sales incentives from revenue has continued to be disclosed in the accounting policy notes for the third quarter. - FY2019-Q2RestatedAnnual report
「The group previously recorded sales incentives as selling, general and administrative expenses, but from the first quarter changed to deducting them from revenue.」
The change implemented from the first quarter to deduct sales incentives from revenue has continued to be disclosed in the accounting policy notes for the second quarter. - FY2019-Q1First statedAnnual report
「The group previously recorded sales incentives as selling, general and administrative expenses, but from the first quarter of the current fiscal year has changed to deducting them from revenue.」
The accounting treatment was changed because sales incentives effectively form part of the selling price and the group's management systems, including its business processes and systems infrastructure, had been put in place.