People (7865) · FactUpdated impact of the revenue recognition accounting standard
Change in Net Sales Presentation Due to Application of the Revenue Recognition Accounting Standard
First written in FY2023-Q2. . Latest entry: FY2023-Q3.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Presentation of Customer Consideration as a Deduction from Revenue Following Adoption of the Revenue Recognition Accounting StandardA theme 10 companies write about · 0 as a headwind · 0 as a tailwind
2 other companies' latest entry also says "Other".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2023-Q3Updated impact of the revenue recognition accounting standardAnnual report
「As a result, revenue for the cumulative third quarter decreased by ¥4,081 thousand and selling, general and administrative expenses decreased by ¥4,081 thousand, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
Application of the revenue recognition accounting standard reduced revenue and selling, general and administrative expenses for the cumulative third quarter by ¥4,081 thousand each, but had no impact on profit. - FY2023-Q2First statedAnnual report
「As a result, revenue for the cumulative second quarter decreased by ¥1,922 thousand and selling, general and administrative expenses decreased by ¥1,922 thousand, but there was no impact on operating profit, ordinary profit or profit before income taxes for the quarter.」
The company applied the revenue recognition accounting standard and related standards from the beginning of the first quarter accounting period, changing the presentation of some consideration paid to customers from selling, general and administrative expenses to a deduction from revenue. For the cumulative second quarter, revenue and selling, general and administrative expenses each decreased by ¥1,922 thousand, with no impact on profit.