Application of the ASC 326 Credit Loss Standard to Subsidiaries Applying US GAAP
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
2 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Overseas consolidated subsidiaries applying U.S. GAAP have adopted ASC 326, “Financial Instruments—Credit Losses,” from the beginning of the first quarter of the consolidated fiscal year. This requires a review of the measurement methods for financial instruments and recognition of impairment on financial assets using the expected credit loss model.」
The application of ASC 326 by subsidiaries applying U.S. GAAP is being reconfirmed. The filing states that its impact on the quarterly consolidated financial statements is immaterial. - FY2024-Q1First statedAnnual report
「Foreign consolidated subsidiaries applying US GAAP have applied ASC 326, “Financial Instruments—Credit Losses,” from the beginning of the current first-quarter consolidated accounting period. This requires a review of the measurement methods for financial instruments and recognition of impairment of financial assets under the expected credit loss model.」
A foreign consolidated subsidiary applying US GAAP adopted ASC 326 from the beginning of the current first-quarter accounting period. The company states that it revised the measurement methods for financial instruments and recognized impairment under the expected credit loss model, with a minor impact on the quarterly consolidated financial statements.