|2019-11-19||Early adoption of revenue recognition accounting standards|
|According to the article on Management Finance No. 3426, 8 companies disclosed that accounting standards for revenue recognition were early applied (as of September 23), and 28 companies in the previous survey (as of July 10) At the same time, the number of early adopters is 36 (limited to companies that have made early note in the âChange in accounting policyâ in the securities report or quarterly report). The eight companies that were found to be early applied in this survey were timed for early adoption of 7 companies from the beginning of the fiscal year ending March 2020 and 1 company from the beginning of the fiscal year ending February 2020. As for the impact, 4 out of 8 companies increased, 1 decreased, 2 had âImpact is minorâ and 1 had âno impactâ. In principle, the new accounting policy will be applied retroactively to all past periods in the first year of the application of revenue recognition accounting standards. However, according to the proviso to paragraph 84, a new accounting policy will be applied before the beginning of the first year of application. The cumulative effect of the first year of application of a new accounting policy can be adjusted to the retained earnings at the beginning of the first year of application, and a new accounting policy can be applied from the beginning balance. All of the eight companies mentioned above applied the transitional measures in the proviso to paragraph 84.|
|2019-10-06||Announcement of the format of the report on the results of agreed procedures regarding cashless and consumer returns business|
|Operating expenses for payment operators, etc. to implement point reduction using cashless payment methods for small and medium-sized businesses as a measure for leveling demand in response to the consumption tax rate increase from October 1, 2019 A cashless / consumer return business will be carried out to assist some of the expenses.
Inefficiency of points, etc. used in calculating the subsidy amount for cashless issuers (subcontractors who have purchased cashless payments) that receive subsidies in this project The usage rate must be confirmed by a certified public accountant or an audit corporation.
Regarding the confirmation work by this certified public accountant or audit corporation, the âAgreed Procedure Execution Result Report Formatâ has been announced on the Cashless and Consumer Returns Business Website. This format describes the procedures that are expected to be performed by a certified public accountant or an audit corporation in this confirmation. Using this format, the business will be carried out in accordance with the 4400 âPractical Guidelines for the agreed Procedure Workâ.
|2019-10-06||Publication of âComments on Audit Standards Revisionâ, âInterviews on Revision of Interim Audit Standardsâ and âComments on Quarterly Review Standardsâ|
|The Board of Corporate Accounting (Chairman Yoshihiro Tokuga, Vice President / Professor, Kyoto University) announced at the general meeting held on Tuesday, September 3, 1980, âOpinion on Revision of Auditing Standardsâ (Attachment 1), â We have compiled a written opinion on revision of interim audit standards (Attachment 2) and a written opinion on revision of quarterly review standards (Attachment 3).|
|2019-10-03||Disclosure of early application of âcontinuous audit periodâ of audit corporation in securities report âaudit statusâ|
|In the fiscal year ended March 31, 2019, there were 83 companies that applied the disclosure of the âcontinuous audit periodâ of the audit corporation in the âaudit statusâ required to be disclosed from the securities report for the fiscal year ending March 31, 2020 in the fiscal year ended March 31, 2019. Management Finance 2019-09-02).
More than half of the 83 companies (45 companies) had a period of 1 to 15 years, 22 companies from 15 to 30 years, and the remaining 16 companies had a duration of 31 years or more.
The longest disclosed period is 68 years (â1951 and beyondâ, EY Sinnihon, food), and it is said that the audit of listed companies based on the Securities and Exchange Law was started in 1951 in Japan. The 68 years are considered to be the longest period in Japan.
|2019-10-02||Announcement of Corporate Accounting Standard No. 30 âAccounting Standard for Calculation of Market Valueâ|
|The Corporate Accounting Standards Committee, at the 381st Corporate Accounting Standards Committee held in March 2018, worked to ensure consistency with international accounting standards, mainly with regard to guidance and disclosure regarding the fair value of financial instruments. We decided to start and were considering.
The 411st Corporate Accounting Standards Committee meeting held on June 27, 2019 approved the publication of the following corporate accounting standards and corporate accounting standard application guidelines (hereinafter collectively referred to as âthe accounting standards, etc.â).
(1) Corporate Accounting Standard No. 30 âAccounting Standard for Calculation of Market Valueâ
(2) Revised Corporate Accounting Standard No. 9, âAccounting Standard for Valuation of Inventoriesâ
(3) Revised Corporate Accounting Standard No. 10 âAccounting Standard for Financial Instrumentsâ
(4) Business Accounting Standard Application Guideline No. 31 âGuidelines for Applying Accounting Standards for Fair Value Calculationsâ
(5) Revised Guidance for Accounting Standards No. 14 âGuidance on Accounting Standards for Quarterly Financial Statementsâ
(6) Revised Corporate Accounting Standard Guidance No. 19 âGuidance on Disclosure of Fair Value of Financial Instrumentsâ
|2019-10-01||Announcement of Amended Practical Response Report No. 18, âPresent Handling of Accounting for Foreign Subsidiaries in Preparation of Consolidated Financial Statementsâ|
|The Accounting Standards Committee of the International Financial Reporting Standard No. 16 âLeaseâ and the US GAAP Update in the Business Response Report No. 18 âCurrent Handling of Accounting for Foreign Subsidiaries in the Preparation of Consolidated Financial Statementsâ We were considering the handling of 2016-02 âLease (Topic 842)â.
At the 411st Corporate Accounting Standards Committee meeting held on June 27, 2019, the publication of the amended Practical Report No. 18 âCurrent Handling of Accounting for Foreign Subsidiaries in the Preparation of Consolidated Financial Statementsâ was approved. It was.
|2019-04-01||About publication of revised âGuidelines on Accounting for SMEsâ|
|The âSME Accounting Guidelines Development Review Committee,â which was established mainly by four associations of the Japan Tax Accountants Association, the Japan Certified Public Accountants Association, the Japanese Chamber of Commerce and Industry, and the Corporate Accounting Standards Committee, Was reviewed and approved for publication by the Committee on February 27.|
|2019-03-02||Announcement of revised Accounting Standard No. 21, âAccounting Standard for Business Combinationsâ|
|The 400th Corporate Accounting Standards Committee meeting held on January 11, 2019 approved the publication of the following corporate accounting standards and applicable guidelines.
(1) Revised Corporate Accounting Standard No. 21, âAccounting Standard for Business Combinationsâ
(2) Revised Business Accounting Standard Application Guidelines No. 10 âApplication Guidelines for Business Combination Accounting Standards and Business Separation Accounting Standardsâ
|2019-02-03||Announcement of the revised âInternational Standards (Accounting Standards Comprising International Accounting Standards and Modified Accounting Standards by the Corporate Accounting Standards Committee)â|
|Endorsement procedures were implemented for IFRS 16 and accounting standards published by the IASB between July 1, 2017 and December 31, 2017, held on December 26, 2018 The 399th Corporate Accounting Standards Committee approved the publication of the revised amendment âAmended International Standards (Accounting Standards Comprising International Accounting Standards and Modified Accounting Standards by the Corporate Accounting Standards Committee)â.|
|Previous 1 2 3 Next|