Planned application of the Accounting Standard for Revenue Recognition for the fiscal year ending September 2022
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
- FY2023-Q3RestatedAnnual report
「Notes and accounts receivable, and contract assets」
The presentation continues to include contract assets following the application of the revenue recognition accounting standard. - FY2023-Q1RestatedAnnual report
「Following the application of the accounting standards for revenue recognition and related standards, “notes and accounts receivable” presented under “current assets” in the consolidated balance sheet for the previous consolidated fiscal year will be presented from the first quarter of the current consolidated fiscal year as “notes and accounts receivable and contract assets,” while “advances received” presented under “current liabilities” will be presented from the first quarter as “contract liabilities.”」
The presentation continues to include contract assets and contract liabilities following the application of the accounting standards for revenue recognition and related standards. - FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The company implemented its policy of applying the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2022, and changed the presentation to include contract assets and contract liabilities. - FY2022-Q2RestatedAnnual report
「Following the application of the accounting standards for revenue recognition and related standards, “notes and accounts receivable” presented under “current assets” in the consolidated balance sheet for the previous consolidated fiscal year will be presented from the first quarter of the current consolidated fiscal year as “notes and accounts receivable and contract assets,” while “advances received” presented under “current liabilities” will be presented from the first quarter as “contract liabilities.”」
The disclosure continues to state that the presentation was changed to include contract assets and contract liabilities following the application of the revenue recognition accounting standard. - FY2022-Q1AchievedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Accounting Standard”) and other standards were adopted from the beginning of the current first quarter consolidated accounting period. Revenue is recognized at the amount expected to be received in exchange for promised goods or services when control of those goods or services is transferred to the customer.」
The Company applied the revenue recognition accounting standard and related standards, which had been scheduled for application from the beginning of the fiscal year ending September 2022, from the beginning of the first quarter of the current consolidated fiscal year. - FY2021RestatedAnnual report
「We will apply it from the beginning of the fiscal year ending September 2022.」
The company continues to plan to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2022, and is still evaluating the impact. - FY2018First statedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending September 2022.」
The company plans to apply the accounting standards for revenue recognition and related standards from the beginning of the fiscal year ending September 2022, and is evaluating the impact on the consolidated financial statements.