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Precision System Science (7707) · InitiativeRestated

Application of the Revenue Recognition Accounting Standard for the fiscal year ending June 2022

First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.

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ProgressHeldSoftenedWorseRestatedFY2018 – FY2020AchievedFY2022-Q12018: 120182019: 120192020: 120202021: 120212022: 12022
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対応 to the 2022 Adoption of the Revenue Recognition Accounting StandardA theme 619 companies write about · 16 as a headwind · 1 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 619 threads.
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  1. FY2022-Q3RestatedAnnual report

    「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」

    The accounting treatment and presentation following the application of the Accounting Standard for Revenue Recognition and related standards from the beginning of the first quarter of the fiscal year ending June 2022 continue to be disclosed.
  2. FY2022-Q1AchievedAnnual report

    「The Group adopted the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, 31 March 2020) and related standards from the beginning of the first quarter of the current fiscal year. Revenue is recognized at the point when control of 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 application from the beginning of the fiscal year ending June 2022, were actually applied from the beginning of the first quarter of the current fiscal year. It was stated that there was no impact on profit or loss.
  3. FY2020RestatedAnnual report

    「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」

    The planned application of the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending June 2022 remains in place. The impact is being assessed.
  4. FY2019RestatedAnnual report

    「The Accounting Standard for Revenue Recognition and related standards are scheduled to be applied from the beginning of the fiscal year ending June 2022.」

    The planned application of the Accounting Standard for Revenue Recognition and related standards from the beginning of the fiscal year ending June 2022 was reaffirmed. The impact is being assessed.
  5. FY2018First statedAnnual report

    「The Accounting Standard for Revenue Recognition and related standards will be applied from the beginning of the fiscal year ending June 2022.」

    The plan to apply the Accounting Standard for Revenue Recognition and its implementation guidance from the beginning of the fiscal year ending June 2022 was reported for the first time. The impact on the consolidated financial statements is currently being assessed.
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Application of the Revenue Recognition Accounting Standard for the fiscal year ending June 2022 | Precision System Science Co.,Ltd. (7707) | Komori