Revenue Recognition Accounting Standard Scheduled for Adoption in the Fiscal Year Ending March 2022
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
- 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 revenue recognition accounting standards, which had been described through the previous fiscal year as scheduled for adoption with the impact under assessment, were actually applied from the first quarter beginning 1 April 2021. - FY2019RestatedAnnual report
「The standard is scheduled to be applied from the beginning of the fiscal year ending March 2022. The impact is being assessed in preparing these consolidated financial statements.」
The company plans to apply the revenue recognition accounting standard from the beginning of the fiscal year ending March 2022 and continues to assess the impact. - FY2018First statedAnnual report
「The Accounting Standard for Revenue Recognition and the Implementation Guidance on Accounting Standard for Revenue Recognition are scheduled to be applied from the beginning of the fiscal year ending March 2022. The amount of the impact was under assessment when these consolidated financial statements were prepared.」
The company first disclosed that the new revenue recognition accounting standard would be applied from the beginning of the fiscal year ending March 2022 and that the impact was under assessment.