Application of ASC 842, “Leases,” at Subsidiaries Applying US GAAP
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「A consolidated foreign subsidiary applying U.S. GAAP has applied ASC 842, “Leases,” from the beginning of the first quarter of the consolidated fiscal year. As a result, substantially all leases in which the subsidiary is the lessee are recorded as assets and liabilities on the consolidated balance sheet.」
The company continues to disclose the application of ASC 842 by a subsidiary applying U.S. GAAP and the recognition of lessee leases as assets and liabilities. - FY2023-Q1First statedAnnual report
「A consolidated foreign subsidiary applying U.S. GAAP has applied ASC 842, “Leases,” from the beginning of the first quarter of the current consolidated fiscal year. As a result, substantially all leases in which the subsidiary is the lessee are recorded as assets and liabilities on the consolidated balance sheet.」
A consolidated foreign subsidiary applying U.S. GAAP has made its first disclosure of its policy, following application of ASC 842 from the beginning of the first quarter of the current consolidated fiscal year, to generally recognize lessee leases as assets and liabilities.