Adoption of the Accounting Standard for Fair Value Measurement
First written in FY2022-Q1. 1 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Implementation Guidance on the Fair Value Measurement Accounting Standard”) was applied 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 Implementation Guidance on the Fair Value Measurement Accounting Standard, the new accounting policies prescribed by the Implementation Guidance were applied prospectively.」
The Implementation Guidance on the Fair Value Measurement Accounting Standard, which had been scheduled for application in FY2022, was applied from the beginning of the first quarter of fiscal 2022. - FY2022Added planned application of the revised implementation guidanceAnnual report
「The “Implementation Guidance on Accounting Standard for Fair Value Measurement” (revised ASBJ Guidance No. 31, 17 June 2021) is scheduled to be applied from the beginning of the fiscal year ending March 2023.」
The Bank added its plan to apply, from the beginning of the fiscal year ending March 2023, the revised implementation guidance concerning fair value measurement of investment trusts following its application of the Fair Value Measurement Accounting Standard and related standards. - FY2022-Q2AdvancedAnnual report
「In the notes on financial instruments, the Bank began disclosing information on the breakdown of fair values by level and related matters.」
In addition to applying the Fair Value Measurement Accounting Standard and related standards, the Bank newly disclosed fair value classifications and breakdowns from Level 1 through Level 3. - FY2022-Q1First statedAnnual report
「The bank adopted the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, 4 July 2019) and related standards from the beginning of the current first-quarter consolidated accounting period. In accordance with the transitional treatment specified in Paragraph 19 of the standard and Paragraph 44-2 of the Accounting Standard for Financial Instruments, it will apply the new accounting policies specified by the fair value measurement standards prospectively. The adoption had no effect on the first-quarter consolidated financial statements.」
The bank adopted the fair value measurement standards from the beginning of the first-quarter consolidated accounting period and applied the new accounting policies prospectively, with no effect on the financial statements.