Enhancement of internal systems and operations in preparation for applying the Revenue Recognition Accounting Standard
First written in FY2021-Q2. 3 of 5 entries say "Restated". Latest entry: FY2022-Q3.
- FY2022-Q3RestatedAnnual report
「The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, 31 March 2020) and other standards have been applied from the beginning of the first quarter of the fiscal year. Accordingly, the key management indicators and other information for the cumulative third quarter and the third quarter of the current fiscal year reflect application of these accounting standards and other applicable standards.」
It was reaffirmed that the accounting standard for revenue recognition has been applied from the beginning of the first quarter of the fiscal year. - FY2022-Q2RestatedAnnual report
「The Accounting Standard for Revenue Recognition (Accounting Standard No. 29, 31 March 2020; hereinafter, the “Revenue Recognition Standard”) and other standards were applied from the beginning of the first quarter of the consolidated fiscal year. Revenue is now 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.」
It was reaffirmed that the accounting standard for revenue recognition has been applied from the beginning of the first quarter of the fiscal year, and its impact on revenue and profit for the quarter was also disclosed. - FY2021AchievedAnnual report
「In responding to the accounting standard for revenue recognition, we conducted final checks, including operational training, and released the system to ensure a smooth transition to changed procedures following modifications to the internal systems.」
Following the operational training and final review conducted in October 2020, the internal system supporting the accounting standard for revenue recognition was released. - FY2021-Q3RestatedAnnual report
「In October 2020, as part of the response to the accounting standard for revenue recognition, we conducted a final review that also served as operational training to ensure a smooth transition to revised procedures following the internal system upgrades.」
It was reaffirmed that a final review, also serving as operational training following the internal system upgrades, was conducted in October 2020 as part of the response to the accounting standard for revenue recognition. - FY2021-Q2First statedAnnual report
「In October 2020, as part of the response to the accounting standard for revenue recognition, we conducted a final review that also served as operational training to ensure a smooth transition to revised procedures following the internal system upgrades.」
As part of the response to the accounting standard for revenue recognition, operational training and a final review for the transition to revised procedures following the internal system upgrades were conducted in October 2020.