Application of new accounting standards on fair value measurement, accounting estimates and accounting policy disclosures
First written in FY2020. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
104 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「The Accounting Standard for Fair Value Measurement (Accounting Standards Board of Japan Statement No. 30, 4 July 2019; hereinafter, the "Fair Value Measurement Standard") and other standards were applied 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 Standards Board of Japan Statement No. 10, 4 July 2019), the new accounting policies prescribed by the Fair Value Measurement Standard and other standards were applied prospectively. This had no impact on the quarterly consolidated financial statements.」
The Fair Value Measurement Standard and other standards, which had been scheduled for application from the beginning of the fiscal year ending March 2022, were applied from the beginning of the first-quarter consolidated accounting period. The disclosure stated that there was no impact on the financial statements. - FY2020First statedAnnual report
「The Accounting Standard for Fair Value Measurement and other standards will be applied from the beginning of the fiscal year ending March 2022. The Accounting Standard for Disclosure of Accounting Estimates will be applied from the end of the fiscal year ending March 2021. The Accounting Standard for Disclosure of Accounting Policies, Changes in Accounting Estimates, and Corrections of Errors will be applied from the end of the fiscal year ending March 2021.」
The disclosure indicated for the first time that the new standards on fair value measurement, disclosure of accounting estimates and disclosure of accounting policies and other matters were scheduled to be applied from the end of the fiscal year ending March 2021 or the beginning of the fiscal year ending March 2022.