Planned application of the Accounting Standard for Fair Value Measurement and related guidance in the fiscal year ending November 2022
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2023-Q1.
- FY2023-Q1RestatedAnnual report
「The company applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, the company will apply the new accounting policies prescribed in the guidance prospectively. There is no impact on the quarterly consolidated financial statements.」
The Company continued to apply the accounting policies based on the implementation guidance for the Fair Value Measurement Standard and stated that there was no impact on the quarterly consolidated financial statements. - FY2022-Q1AchievedAnnual report
「The Company applied the “Accounting Standard for Fair Value Measurement” (Accounting Standard No. 30, dated 4 July 2019; hereinafter, the “Fair Value Measurement Standard”) and other standards from the beginning of the first quarter consolidated accounting period. In accordance with the transitional treatment prescribed in paragraph 19 of the Fair Value Measurement Standard and paragraph 44-2 of the “Accounting Standard for Financial Instruments” (Accounting Standard No. 10, dated 4 July 2019), the Company applied the new accounting policies prescribed by the Fair Value Measurement Standard and other standards prospectively.」
The Company applied the Fair Value Measurement Standard and other standards from the beginning of the first quarter consolidated accounting period, rather than from the beginning of the fiscal year ending November 2022 as originally planned. - FY2020First statedAnnual report
「The standards will be adopted from the beginning of the fiscal year ending November 2022.」
The Company planned to apply the accounting standards and implementation guidance for fair value measurement, inventory valuation and financial instruments from the beginning of the fiscal year ending November 2022. The impact was under assessment.