Intloop (9556) · PolicyRestated
Revenue recognition based on allocation over the service provision and made-to-order production period
First written in FY2024-Q3. 1 of 2 entries say "Restated". Latest entry: FY2024.
2entries
1years
0from disclosures
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Same theme, other companies
Revenue recognition based on period allocation for services and commissioned software developmentA theme 3 companies write about · 0 as a headwind · 1 as a tailwind
2 other companies' latest entry also says "Restated".
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- FY2024RestatedAnnual report
「We provide consulting and other services under quasi-mandate and dispatch contracts with customers. We determine that customers receive benefits as we fulfill our contractual obligations and recognize revenue over a period of time as the corresponding performance obligations are satisfied each month.」
The accounting policy of recognizing service revenue over time and commissioned software-development revenue based on the degree of completion was also disclosed for the full year. - FY2024-Q3First statedAnnual report
「We provide consulting and other services under quasi-mandate and dispatch contracts with customers. We determine that customers receive benefits as we fulfill our contractual obligations and recognize revenue over a period of time as the corresponding performance obligations are satisfied each month.」
Consulting and other services are recognized as revenue as monthly performance obligations are satisfied, while commissioned software development is recognized based on the degree of completion.