Corporate Financial Reporting Standards No.
No.29
Accounting Standards for Revenue Recognition
2018
March 30 years
30 days
amendment
2020
March
31 days
Accounting Standards Board of Japan
This accounting standard reflects the revision of the following accounting standards announced by August 2022, 8.
It is.
"Revision of Corporate Accounting Standards, etc. in accordance with revisions to laws and regulations" (announced on July 2022, 7)
Practical Response Report No. 43 "Accounting for Issuance and Holding of Securities Indication Rights for Electronic Record Transfer
and Handling of Disclosure" (announced on August 2022, 8)
Index Next
Purpose・
1
Accounting standards・
3I..Circumference・
3II..Definition of Terms・
5III..Accounting treatment・
161. Basic Principles...
162. Criteria for Recognition of Revenues...
19 (1) Identification of Contracts:
19 (2) Binding of Contracts:
27 (3) Contract Change・
28 (4) Identification of performance obligations:
32(5) Recognition of earnings from the fulfillment of performance obligations...
353. Calculation of Revenues...
46(1) Calculation of the amount of revenue based on the transaction price...
46(2) Calculation of transaction price・
47(3) Allocation of transaction prices to performance obligations:
65(4) Fluctuations in transaction prices...
744. Contract assets, contract liabilities and claims arising from contracts with customers...
77IV..Opening Show・
78-21. Representations:
78-2
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2. Notes:
80-2(1) Notes on Important Accounting Policies: 80-2(2) Notes on Revenue Recognition: 80-2(2) Notes on Revenue Recognition 80-43. Presentation in Non-consolidated Financial Statements when Consolidated Financial Statements are Prepared
and notes...
80-25V..Timing of application, etc.・
811.Timing of Enforcement...
812. Transitional measures...
83-3(1)Without applying the 2018 GAAP
When the 2020 revised accounting standards are applied
Transitional measures・
83-3(2)After applying the 2018 GAAP
Where the 2020 Revised Accounting Standards apply
Transitional measures・
90VI.Resolution・
91
Background of the conclusion・
92
Background・
Publication of 922018 accounting standards・
922020Publication of Revised Accounting Standards for <> ・
96-2
Basic policy for development・
972018 Accounting Standards・
972020 Revised Accounting Standards・
101-2I..Circumference・
102II..Definition of Terms・
110III..Accounting Treatment・
114 (IFRS
Based on the provisions of No. 15 and the basis for the conclusion)・
1141. Fundamental Principles:
1152. Revenue Recognition Criteria:
117(1) Identification of Contracts:
117(2) Binding of Contracts...
121(3) Change of contract・
122(4) Identification of performance obligations:
127(5) Recognition of Earnings from the Fulfillment of Performance Obligations...
1323. Calculation of Revenues...
140 (1) Calculation of transaction price・
140(2) Allocation of transaction prices to performance obligations...
146
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(3) Fluctuations in transaction prices・
1494. Contract assets, contract liabilities and claims arising from contracts with customers...
150 (IFRS Article
Other than those based on the provisions of Item 15 and the basis of the conclusion)
1511.Revenue Recognition Criteria・
151 (1) Binding of Contracts...
151(2) Recognition of profits from the fulfillment of performance obligations...
152IV..Revelations・
1551.Representation・
1552.Notes:
160(1) Important Accounting Policy Notes・
160(2) Notes on Revenue Recognition・
1663. Representation in Non-consolidated Financial Statements when Consolidated Financial Statements are being prepared
and notes...
206V..Timing of application, etc.・
2081.Timing of application・
2082. Transitional Measures:
211(1) Without Applying the 2018 Accounting Standards
When the 2020 revised accounting standards are applied
Transitional measures・
211(2)After applying the 2018 GAAP
Where the 2020 Revised Accounting Standards apply
Transitional measures・
216
Other Accounting Standards Announced by the 2020 Revised Accounting Standards
Fixing
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Purpose
Purpose
number
Clauses 3 and
Accounting for revenues stipulated in Section 4)
The purpose is to establish processing and disclosure. In addition, the income specified within the scope of this accounting standard
Accounting treatment and disclosure related to accounting are stipulated in the "Accounting Principles of Japan", but these accounting standards take precedence.
and then applied.
2. In applying these accounting standards,
No.30 "Meeting on Revenue Recognition"
Guidelines for the Application of Accounting Standards (hereinafter referred to as "Applicable Guidelines") It is also necessary to refer to.
Accounting Standards
I..Category
3. With the exception of (1) to (7) below, this accounting standard applies to accounting for revenues arising from contracts with customers.
and disclosure.
(1) Corporate Accounting Standards
No. 10 "Accounting Standards for Financial Instruments" (hereinafter referred to as "Accounting Standards for Financial Instruments")
Say. Transactions related to financial instruments included in the scope of
(2) Corporate Accounting Standards
No. 13 "Accounting Standards for Lease Transactions" (hereinafter referred to as "Accounting Standards for Leases")
Say. Lease transactions included in the scope of
(3) Insurance Law (Heisei
Act No. 20
Insurance policies that meet the definition in No. 56)
(4) Products with other companies in the same industry to facilitate sales to customers or potential customers, or
is not a product exchange transaction (e.g., demand from customers in different locations, between two companies
Contract to replace goods or products in a timely manner)
(5) Fees received for the formation or acquisition of financial instruments
(6) Japan Institute of Certified Public Accountants Accounting System Committee Report No.
No.15 "Real Estate Utilizing Special Purpose Companies"
Practical Guidelines for Accounting of Transferors Related to the Securitization of Real Estate (hereinafter referred to as "Practical Guidelines for Real Estate Securitization")
That. Real estate (including real estate trust beneficiary rights) Transfer of
(7) Act on Settlement of Funds (Heisei
Act No. 21
No. 59. Hereinafter referred to as the "Payment Services Act". )
Cabinet Office Ordinance on Crypto Assets and Financial Instruments Business, etc. that satisfies the definition (Heisei
19 Year Cabinet
Prefectural Ordinance No.
No. 52. Hereinafter referred to as the "Gold Commerce Ordinance". There is an electronic record transfer that satisfies the definition in
Transactions related to securities display rights, etc.
4. If a part of the contract with the customer falls under (1) to (7) of the preceding paragraph, the preceding paragraph (1) to (7) shall apply.
This Accounting Standard shall apply to transaction prices excluding amounts to be processed in such a way.
II..Definition of Terms
5. "Contract" means between two or more parties giving rise to legally enforceable rights and obligations.
Refers to an arrangement.
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6. "Customer" means goods that are outputs generated by the normal operating activities of the company in exchange for consideration.
or a party that has contracted with the company in order to obtain services.
7. "Performance Obligation" means to transfer one of the following (1) or (2) to the Customer in the contract with the Customer:
Refers to a promise.
(1) Separate goods or services (or bundles of separate goods or services)
(2) a series of distinct goods or services (substantially identical in character, putter of transfer to the customer);
Multiple goods or services that are the same)
8. "Transaction Price" means the expectation that the Company will acquire the right to transfer and exchange the goods or services to the Customer.
Amount of consideration (excluding amounts collected for third parties) Refers to.
9. "Independent selling price" means the price at which a company independently sells goods or services to customers.
Say.
10. "Contract assets" means the consideration received by a company in exchange for goods or services transferred to customers.
The rights of the company (except for claims arising from contracts with customers) Refers to.
11. "Contract liability" means that the obligation of the company to transfer goods or services to the customer
Refers to a person who has received consideration from or who has been due to receive consideration.
12. "Receivables arising from contracts with customers" are defined in exchange for goods or services transferred by the Company to the Customer.
The unconditional right of the company to the consideration received (i.e., the legal claim for the consideration
Courtship).
13. "Construction contract" means a contract for which compensation is paid for the completion of work, including civil engineering, construction,
Shipbuilding, manufacturing of certain mechanical devices, etc., basic specifications and work contents are also carried out based on customer instructions.
Refers to.
14. "Made-to-order software" means software for specific users, regardless of the form of the contract.
Software created and provided.
15. "Cost recovery standard" refers to the recovery of expenses incurred when satisfying performance obligations.
A method of recognizing revenue by the amount of expected expenses.
III..Accounting
1. Fundamental principles
16. The underlying principle of this accounting standard is that the transfer of promised goods or services to a customer is
Recognize revenue as portrayed in terms of the amount of consideration a company expects to get in exchange for services
That is.
17. In order to recognize earnings in accordance with the basic principles of the preceding paragraph, the following steps (1) to (5) are appropriate.
(Application Guidelines [Example 1]).
(1) Identify contracts with customers (Article
Paragraphs 19 to
See paragraph 31).
The provisions of these accounting standards shall apply to contracts agreed with the customer and that meet the prescribed requirements.
(2) Identify the obligation to perform in the contract (Article
Paragraphs 32 to
See paragraph 34).
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When the goods or services promised to be transferred to the customer in the contract meet the prescribed requirements.
is separate and distinguishes the promise as an obligation to perform.
(3) Calculate the transaction price (Article
Paragraphs 47 to
See paragraph 64).
Considering the existence of variable or non-cash considerations, the impact of the equivalent of interest and paid to the customer
Adjustments are made to the consideration to be made and the transaction price is calculated.
(4) Allocate the transaction price to the performance obligations of the contract (Article
Paragraphs 65 to
See paragraph 76).
based on the ratio of the independent selling price of the separate goods or services promised in the contract;
Allocate the transaction price to each performance obligation. If it is not possible to directly observe the independent selling price,
Estimate independent selling price.
(5) Recognize earnings when or as performance obligations are fulfilled (Article
Paragraphs 35 to
45
section).
When the obligation of performance is satisfied by transferring the promised goods or services to the customer, and
recognizes revenue in the amount allocated to the fulfilled performance obligations as it is satisfied. Performance Obligations
If the predetermined requirements are met, they will be satisfied for a certain period of time, and the predetermined requirements will be met.
If there is none, it will be satisfied at one time.
18. Establishment of these accounting standards (Applicable Guidelines
Paragraphs 92 to
Alternative to the materiality set forth in Section 104
Including handling. ) applies to individual contracts with customers.
provided, however, that the provisions of these Accounting Standards consist of contracts or performance obligations of similar characteristics in multiple characteristics.
The impact on financial statements of applying the entire loop is
Significant compared to the impact of applying individual contracts or performance obligations
Only if it is reasonably expected that there will be no difference, the group as a whole
The provisions of these accounting standards may be applied. In this case, the size and composition of the group
Estimates and assumptions reflecting the prime elements are used.
2. Revenue recognition criteria
(1) Identification of contracts
19. In applying these accounting standards, we must have a relationship with a customer who meets all of the following requirements (1) to (5):
Identify contracts.
(1) The parties approve the contract in writing, orally, by trade practice, etc., and perform their respective obligations.
What we promise
(2) be able to identify the rights of each party with respect to the goods or services to be transferred;
(3) be able to identify the terms of payment for the goods or services to be transferred;
(4) that the contract has economic substance (i.e., as a result of the contract, the future cash of the enterprise
The risk, timing or amount of flow is expected to fluctuate.)
(5) Collecting the consideration that the company will acquire rights in exchange for goods or services transferred to the customer.
What you are likely to do
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In assessing the possibility of recovering the consideration, the consideration at the time of payment of the consideration
Consider the customer's willingness and ability to pay (Application Guidelines [Example 2]).
In assessing the possibility of recovering the consideration, the consideration at the time of payment of the consideration
Consider the customer's willingness and ability to pay (Application Guidelines [Example 2]).
number
See Section 5). The enforceability of rights and obligations in contracts is based on legal concepts.
Contracts are concluded in writing, orally, by trade practice, etc. Practices for entering into contracts with customers
and procedures vary by country, industry or company, and may differ even within the same company (e.g.,
It may vary depending on the attributes of the customer and the nature of the promised goods or services. ）。 Therefore, the
In view of this, whether the agreement with the customer gives rise to enforceable rights and obligations and
Determine when to arise.
21. This accounting standard applies to the period during which the parties to the contract have current enforceable rights and obligations.
It is applied to.
22. Each of the parties to the contract terminates the contract completely unfulfilled without compensating the other party
If you have a unilateral and enforceable right to do so, you shall not apply these accounting standards to such contracts.
Yes.
A completely unfulfilled contract is one that satisfies both of the following (1) and (2):
(1) The goods or services promised by the company have not yet been transferred to customers.
(2) The company has not yet received compensation in exchange for the promised goods or services.
They have not yet gained the right to receive it.
23. If the contract with the customer is the first day of the transaction in the contract,
If the requirements of paragraph 19 are met,
Unless there are signs of a significant change in actual or circumstantial circumstances, review whether the requirements are met.
Not.
24. The contract with the customer is the first
If the requirements of paragraph 19 are not satisfied, the requirements must be met after the fact.
We will continue to evaluate and apply this accounting standard when the contract with the customer meets such requirements.
25. The contract with the customer is the first
If the requirements of paragraph 19 are not met, compensation is received from the customer.
In this case, when any of the following (1) or (2) applies, the consideration received is recognized as income.
Do.
(1) there is no remaining obligation to transfer goods or services to the customer, and almost all of the promised consideration is paid;
and no refund to the customer is required.
(2) The contract has been canceled and there is no need to refund the consideration received from the customer.
26. Consideration received from customers shall be until any of (1) or (2) of the preceding paragraph applies.
Iha, the second
Until the requirements of paragraph 19 are met ex post facto (
Section 24), future goods or services.
- Recognize liability as an obligation to transfer bis or to refund consideration.
(2) Combination of contracts
27. The same customer, including related parties of such customer. Multiple contracts concluded at the same time or almost simultaneously
If any of the following (1) to (3) applies, the plurality of contracts will be combined.
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It shall be treated as a contract.
(1) The plurality of such contracts were negotiated as having the same commercial purpose.
(2)
The amount of consideration paid in one contract may be affected by the price or performance of another contract.
Receiving
(3) The goods or services promised in the plurality of contracts are
Paragraphs 32 to
Pursuant to paragraph 34:
To be a single obligation of performance
(3) Contract change
28. A change in the contract is a change in the scope and/or price of the contract approved by the parties to the contract.
and gives rise to the enforceable rights and obligations of the parties to the contract.
Arising if you approve a change or change that alters an existing enforceable right or obligation
It is.
If the parties to the contract have not approved the amendment, the Society
Continue to apply the metrics to existing contracts.
29. The parties to the contract have approved the change in the scope of the contract, but the price corresponding to the scope of the changed contract
If you have not decided to change the
Paragraphs 50 to
Clauses 52 and
Pursuant to paragraph 54, the contract
Estimate changes in transaction prices due to changes.
30. With respect to a contract change, if any of the following requirements (1) and (2) are satisfied, the contract change shall be
Treat as a separate contract.
(1) Separate goods or services (Article
Section 34) to expand the scope of the contract.
(2) the price of the contract to be changed is the independent selling price for the goods or services additionally promised.
to be increased by the amount of appropriate adjustments based on the circumstances of the specific contract.
31. If the contract change does not meet the requirements of the preceding paragraph and is not treated as an independent contract, the contract change
For goods or services that have not yet been transferred at the date of renewal, the following items (1) to (3), respectively,
It is processed by some method.
(1) Goods or services that have not yet been transferred to goods or services transferred before the date of contract change
If the contract is separate, the contract is changed to terminate the existing contract and enter into a new agreement.
It is assumed that it is processed. The amount of consideration to be allocated to the remaining performance obligation shall be as follows (1) and (2):
The total amount shall be (Application Guidelines [Example 3]).
(1) The consideration promised by the customer (including the amount already received from the customer) ) of the transaction price
Amounts included in estimates but not recognized as revenue
(2) Consideration promised as part of the contract change
(2) Goods or services that have not yet been transferred to goods or services transferred before the date of contract change
and a single performance obligation that is not separate but partially satisfied on the date of the contract modification
In the case of configuring a part of the contract, the contract change is treated as if it were part of an existing contract.
Thereby, towards the satisfaction of full performance obligations, control over goods or services (
Section 37
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Progress that depicts the company's performance when transferring to a customer (hereinafter referred to as "to meet performance obligations").
Progress is concerned." and if the transaction price changes, the revenue will be
Revise the amount based on the cumulative impact (Application Guidelines [Example 4]).
Progress that depicts the company's performance when transferring to a customer (hereinafter referred to as "to meet performance obligations").
Progress is concerned." and if the transaction price changes, the revenue will be
Revise the amount based on the cumulative impact (Application Guidelines [Example 4]).
(4) Identification of performance obligations
32. Evaluate the goods or services promised in the contract with the customer on the date of the start of the transaction in the contract,
Sense as an obligation to perform each of the following commitments to transfer either (1) or (2) to the customer:
Separate (No.
See paragraph 7).
(1) Separate goods or services (Article
(see section 34) (or a bundle of separate goods or services)
(2) a series of distinct goods or services (substantially identical in character, putter of transfer to the customer);
plurality of goods or services that are the same) (Article
See paragraph 33.)
33. The series of separate goods or services referred to in paragraph (2) of the preceding paragraph shall satisfy any of the following requirements (1) and (2):
In such cases, the pattern of transfer to the customer shall be the same.
(1) Each of a series of distinct goods or services is
Over a period of time in paragraph 38
meet the requirements of satisfying performance obligations;
(2)
Clauses 41 and
In accordance with paragraph 42, the same person in estimating the progress of satisfying the performance obligation
That the law is used
(Separate goods or services)
34. The goods or services promised to the customer meet any of the following requirements (1) and (2):
It shall be separate (Application Guidelines [Example 5], Example
6), [Example 16], [Example 24] and [Example 25]).
(1) that the customer alone can benefit from the goods or services, or
The combination of such goods or services with other resources readily available to the customer will benefit the customer.
(i.e., the goods or services may be separate)
Be competent)
(2) the promise to transfer the goods or services to the customer is separate from other promises contained in the contract;
Be identifiable (i.e., the promise to transfer the goods or services to the customer is in terms of the contract)
to be separate in )
(5) Recognition of earnings through fulfillment of performance obligations
35. A company shall provide the goods or services it has promised (goods or services that are subject to contracts with customers under these accounting standards).
may also refer to the Service as "Asset" below. to the customer
Recognize revenue when or as performance obligations are met. Assets are transferred because:
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When or as the customer acquires control over the asset.
36. On the first day of the transaction in the contract, the
Clauses 38 and
Pursuant to paragraph 39, that of the identified performance obligation
It is determined whether each is satisfied for a certain period of time or is satisfied at one time.
37. Control over an asset means directing the use of the asset and most of the remaining benefits from the asset.
The ability to enjoy everything (when another company directs the use of the asset and benefits from the asset)
Including the ability to interfere. Refers to.
(Obligation to perform over a certain period of time)
38. If any of the following requirements (1) to (3) are met, control over the asset will be given to the customer for a certain period of time.
(appropriate) to meet performance obligations and recognize revenues over a period of time (appropriate
Guidelines for use [Example 7]).
(1) that the customer will benefit as the enterprise fulfills its obligations in the contract with the customer;
(2) When a company fulfills its obligations in a contract with a customer, assets arise or
As the value increases and the asset arises or the value of the asset increases, the customer
Control over the asset (application guidelines [Example 4])
(3) Satisfy any of the following requirements (Application Guidelines [Example 8])
(1) By fulfilling the obligations of the company in the contract with the customer, it will be diverted to another use.
Inability to cause assets
(2) The company receives compensation for the part that has completed the performance of obligations in the contract with the customer.
You have the enforceable right to
(Obligation to perform at one time)
39. None of the requirements of (1) to (3) of the preceding paragraph are satisfied, and the obligation to perform is satisfied for a certain period of time.
If not, the customer has control over the assets as a performance obligation that is satisfied at one point in time.
Revenue will be recognized when the transfer satisfies such performance obligations.
40. In determining when control over the property is transferred to the client,
Considering the provisions of paragraph 37
Consider. Also, when considering the transfer of control, for example, the following indicators (1) to (5) are considered.
(1) The company has the current right to receive consideration for assets provided to customers.
(2) The customer has legal ownership of the assets.
(3) The corporation has transferred the physical possession of the assets.
(4) The customer bears significant risks associated with the ownership of assets and enjoys economic value.
(5) The customer has inspected the assets.
(Progress in satisfying performance obligations)
41.With regard to performance obligations that are fulfilled over a certain period of time, the progress in satisfying the performance obligations shall be monitored.
Accumulate and recognize profits over a certain period of time based on the degree of progress.
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42. For performance obligations that are fulfilled over a period of time, the fulfillment of performance obligations is related to the fulfillment of performance obligations in a single way.
and apply a coherent approach to similar performance obligations and situations.
43. The degree of progress related to the fulfillment of performance obligations shall be reviewed on each accounting date, and the estimate of the degree of progress shall be changed.
A change in accounting estimates (Enterprise Accounting Standards
No. 24 "Disclosure of Accounting Policy, Changes in Accounting and
Accounting Standards for Correction of Errors (hereinafter referred to as "Accounting Standards for Enterprises")
No. 24." )No.
Clause 4 (7))
to process.
44. Only within a certain period of time can progress in the fulfillment of performance obligations be reasonably estimated.
Recognize revenue for fulfilled performance obligations.
45. Although it is not possible to reasonably estimate the progress of satisfying the performance obligation, the fulfillment of the performance obligation
If it is expected to recover expenses incurred, progress related to the fulfillment of performance obligations
For performance obligations that are fulfilled over a certain period of time until the degree can be reasonably estimated.
to be processed on a cost-recovery basis.
3. Calculation of the amount of revenue
(1) Calculation of the amount of revenue based on the transaction price
46. When or as the obligation of performance is satisfied, the transaction price (
Consider the provisions of paragraph 54. ）
Recognize revenue from the amount allocated to the performance obligation.
(2) Calculation of transaction price
47. Transaction price is the consideration that a company expects to acquire in exchange for the transfer and exchange of goods or services to a customer.
(excluding amounts collected for third parties) (Article
See paragraph 8) (Application Guidelines [Example]
29] and [Example 31]). In calculating transaction prices, contract conditions, trade practices, etc. are taken into account.
The nature, timing and amount of the consideration promised by the customer will affect the estimation of the transaction price.
When calculating the transaction price, all the following effects (1) to (4) are taken into account.
(1) Variable consideration (
Paragraphs 50 to
See paragraph 55.)
(2) Important financial elements in contracts (Article <>
Paragraphs 56 to
See paragraph 58.)
(3) Consideration other than cash (Article
Paragraphs 59 to
See paragraph 62.)
(4) Consideration paid to the customer (No.
Clauses 63 and
See paragraph 64.)
49. When calculating the transaction price, it is important that the goods or services are transferred to the customer in accordance with the contract, and that the contractual arrangement
It is assumed that there is no deletion, update or change.
(Variable consideration)
50. The part of the consideration promised to the customer that may fluctuate is called "variable consideration". To the contract
If the consideration promised to the customer includes variable consideration, the transfer of goods or services to the customer and;
Estimate the amount of consideration that the company will receive rights in exchange.
51. In estimating the amount of variable consideration, the amount of consideration that is likely to occur is the most acceptable.
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Probability of a highly efficient single amount (mode) method or the amount of consideration that is likely to occur
Of any of the methods by weighted average amount (expected value), the company will acquire the right.
Use a method that can better predict the amount of consideration (Application Guidelines [Example 10], [Example 11] and [Establishment
Example 12]).
Probability of a highly efficient single amount (mode) method or the amount of consideration that is likely to occur
Of any of the methods by weighted average amount (expected value), the company will acquire the right.
Use a method that can better predict the amount of consideration (Application Guidelines [Example 10], [Example 11] and [Establishment
Example 12]).
。
53. Expecting to refund to the customer some or all of the consideration received or received from the customer.
In the case of the amount of consideration received or received, the amount that the company does not expect to obtain rights to
Be aware of your debt refunds. The amount of refund liability shall be reviewed on each accounting date (Application Guidelines [Example 11] and [Establishment
Example 28]).
54.
For the amount of variable consideration estimated in accordance with paragraph 51, uncertainty as to the amount of variable consideration.
is dissolved after the fact, and a significant reduction in revenue recorded up to the time of dissolution occurs.
Only the part that is likely not to be included in the transaction price (Application Guidelines [Example 3], [Example 4], [Example
11]、
[Example]
12] and [Example 13]).
55. The quoted transaction price shall be revised on each settlement date, and if the transaction price fluctuates,
Paragraphs 74 to
The provisions of paragraph 76 shall be applied (Application Guidelines [Example 3], [Example 4], and [Example 12]).
(Important Financial Elements in Contracts)
56. To the customer of the goods or services by the time of payment expressly or implied by the parties to the contract
If a significant benefit in the provision of credit in connection with the transfer of is provided to the customer or company, the customer
The agreement with shall include significant financial elements.
57. If the contract with the customer contains important financial elements, in calculating the transaction price,
Adjust for the impact of the interest rate equivalent included in the amount of consideration. Profits are the promised goods or services
At the time of (or as a transfer) to the customer, the customer pays for such goods or services.
Recognize the amount that reflects the expected cash selling price.
58. On the date of commencement of the transaction in the contract, the time and consideration of the transfer of the promised goods or services to the customer.
The time when the customer pays is
If expected to be within one year, the impact of significant financial factors
You may not adjust the amount of consideration you have promised.
(Non-cash consideration)
59. When calculating the transaction price when the consideration in the contract is other than cash, the consideration shall be used at the time.
Calculated by price.
60. If it is not possible to reasonably estimate the market value of non-cash considerations, such consideration may be exchanged for such consideration.
The consideration shall be calculated on the basis of the independent selling price of the goods or services promised to the customer.
61. The only reason why the market value of non-cash consideration fluctuates is due to the type of consideration, such as fluctuations in stock prices.
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(e.g., the market value fluctuates as the company fulfills its obligations in contracts with customers)
(e.g., the market value fluctuates as the company fulfills its obligations in contracts with customers)
number
The provisions of paragraph 54 shall apply.
62. In order to contribute to the performance of a contract by an enterprise, the customer may provide goods or services (e.g. materials, equipment or
is labour) to an enterprise, the enterprise pays for the goods or services provided by the customer.
Determine whether or not to gain dominance. Control over goods or services provided by customers
If you acquire such goods or services, you will be treated as non-cash consideration received from customers.
Reason.
(Consideration paid to the customer)
63. The consideration paid to the customer shall be paid by the Company to the customer (or from the customer to purchase the goods or services of the enterprise).
The amount of cash to be paid or expected to be paid to the other party or the amount of cash that the customer is to pay to the company (
or other parties that purchase the company's goods or services from customers).
Including the amount of things (e.g., coupons).
Consideration payable to the Customer shall be paid in exchange for separate goods or services received from the Customer
Unless it is the case, it shall be reduced from the transaction price. Variable consideration included in the consideration paid to the customer
If so, the transaction price estimate will be
Paragraphs 50 to
Pursuant to paragraph 54 (application guidelines [Example 14]).
64. In the case of reducing the consideration paid to the customer from the transaction price, whichever of (1) or (2) follows shall be delayed:
At the time of occurrence (or as it occurs), the revenue is reduced (application guidelines [Example 14]).
(1) When recognizing revenue from the transfer of related goods or services
(2) When the company pays consideration or promises to pay (such payment is subject to future events)
Including cases. Payment commitments may also be based on trade practices. ）
(3) Allocation of transaction prices to performance obligations
65. The allocation of transaction prices to each performance obligation (or separate goods or services) shall be determined by the allocation of transaction prices for goods.
or depict the amount of consideration that the company expects to obtain in exchange for the transfer of services to customers.
Do it on the sea urchin.
66. Performance of each identified in the contract based on the ratio of the independent selling price of the goods or services.
Allocate transaction prices to obligations. However, the second
Paragraphs 70 to
Except as provided for in paragraph 73 (appropriate)
Guidelines [Example 15-1]).
67. If the contract has only a single obligation of performance,
Paragraphs 68 to
The provisions of paragraph 73 shall not apply. other
That's the
A single performance obligation in which a commitment to transfer a series of separate goods or services pursuant to paragraph 32(2) is a single performance obligation.
and if the promised consideration includes variable consideration,
Clauses 72 and
The provisions of paragraph 73 shall apply.
(Allocation based on independent selling price)
68.
When allocating transaction prices based on the ratio of the independent selling price of goods or services in accordance with paragraph 66
-13
includes a contract for separate goods or services on which each of the obligations to perform in the contract is based.
The independent selling price of the first day of the transaction is calculated, and the transaction price is based on the ratio of the independent selling price.
Distribute accordingly.
69. Where it is not possible to directly observe the independent selling price of goods or services, market conditions, company-specific
Observable inputs, taking into account all reasonably available information, such as factors, customer information, etc.
Make the most of the numbers to estimate independent selling prices. In a similar situation, the quotation method is successful.
Apply consistently.
(Distribution of discounts)
70. The total independent selling price of the goods or services promised in the contract is the transaction price of the contract.
If so, the customer is discounted on the bundle of goods or services in the contract.
The discount is proportionally allocated to all performance obligations under the contract.
Do.
71. Notwithstanding the provisions of the preceding paragraph, if all of the following requirements (1) to (3) are satisfied,
Of the obligations to perform
One or more (but not all) Allocate discounts to (apply
Guideline [Example 15]).
(1) that of separate goods or services (or bundles of separate goods or services) in a contract;
Each is usually sold separately
(2) Even bundled parts of such separate goods or services,
Selling at a discount from the independent selling price of the goods or services contained in the bundle.
(3) The discount for each bundle of goods or services referred to in (2) is the discount of the contract.
by valuing the goods or services contained in each bundle,
There is observable evidence as to which performance obligations the entire discount on the contract is for.
To be
(Allocation of Variable Consideration)
72. If any of the following requirements (1) and (2) are satisfied, the variable consideration and the subsequent change thereof
All in all, one performance obligation or
Included in a single performance obligation identified pursuant to paragraph 32(2)
ru
Allocate to one separate good or service (application guidelines [Example 1]).
(1) the variable terms of payment may not be subject to activities to satisfy such performance obligations or such separate goods or
is an activity to transfer the Services (or a specific result of the fulfillment of such performance obligations) or
is individually related to the specific consequences of the transfer of such separate goods or services).
(2) Considering all the performance obligations and payment terms in the contract, the amount of variable consideration should be
The right of the enterprise to allocate to such performance obligations or such separate goods or services
Depict the amount of consideration you expect to obtain.
73. For the remaining transaction prices that do not meet the requirements of the preceding paragraph,
Paragraphs 65 to
Pursuant to paragraph 71
-14
to allocate.
to allocate.
movement
74. For ex-post fluctuations in transaction prices, changes in independent selling prices after the start date of the transaction in the contract.
and allocate to the performance obligations under the contract on the same basis as the date of commencement of the transaction in the contract.
The amount of ex-post changes in the transaction price allocated to performance obligations already met shall be subject to the transaction
Revise the amount of revenue for the period when the price fluctuated (application guidelines [Example 13]).
75.
If any of the requirements of paragraph 72 are satisfied, the following (1)
or (2).
(1) One or more (but not all) Obligation to perform
(2)
Included in a single performance obligation identified pursuant to clause 32(2)
One or more (provided, however,
Not all. Separate goods or services
76. Fluctuations in transaction prices caused by contract changes are
Paragraphs 28 to
Processed in accordance with paragraph 31. contract
Change about the second
If it does not meet the requirements of paragraph 30 and is not treated as an independent contract (
Paragraph 31
Addition), with respect to fluctuations in transaction prices that occur after the contract change is made,
Clauses 74 and
Section 75
In accordance with the provisions, the allocation shall be made in one of the following ways (1) or (2):
(1) If the change in the transaction price is due to the amount of the variable consideration promised before the contract change, the contract change
to the second
In the case of processing in accordance with Section 31 (1), the change in transaction price was identified before the contract change.
Allocation to performance obligations (Applicable Guidelines [Example 3]).
(2) Change the contract
If the transaction is not handled in accordance with paragraph 31 (1), the change in the transaction price may be changed to the contract.
Immediately after the renewal, it shall be allocated to performance obligations that have not been met or partially satisfied.
4. Contract assets, contract liabilities and receivables arising from contracts with customers
77. Goods or services before receiving compensation from customers or before they are due.
In the case of transfer to a customer, we recognize the revenue and lend or borrow the contract assets or receivables arising from the contract with the customer.
Recorded in the comparison table.
Accounting for contract assets not stipulated in these Accounting Standards shall be the treatment of receivables under the Financial Instruments Accounting Standards.
Treat accordingly. In addition, with regard to foreign currency conversion of contract assets denominated in foreign currencies, the Corporate Accounting Court
Parliament "Accounting Standards for Foreign Currency-Denominated Transactions" (hereinafter referred to as "Accounting Standards for Foreign Currency-Denominated Transactions, etc.") Foreign currency
It shall be processed in accordance with the handling of conversion of monetary claims and liabilities.
78. If you receive consideration from the customer before transferring the goods or services to the customer, you will receive compensation from the customer.
Received from the customer at the time of takeover or when the deadline for receiving the consideration arrives, whichever comes first.
Contract liabilities are recorded on the balance sheet.
IV..Opening
1. Indication
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78-2. Display the revenue generated from contracts with customers in the income statement with appropriate items. Gu
Revenue generated from customer contracts is separated from other revenues and displayed in the income statement.
or if both are not shown separately and shown in the income statement, revenue arising from contracts with customers
Note the amount.
78-3. If the contract with the customer contains important financial elements (Article
See clause 56), arising from a contract with a customer
Income and the impact of financial factors (interest income or interest expense) segmented in the income statement.
Ru.
79. When a company performs a contract, or when a company receives compensation from a customer before it performs, etc.
For example, if either party is performing, the relationship between the performance of the enterprise and the customer's payment.
Contract assets, contract liabilities or receivables arising from contracts with customers are recorded. In addition, the contract
Assets, contract liabilities or receivables arising from contracts with customers are tabled on the balance sheet with appropriate items.
(Application Guidelines [Example 27]).
It should be noted that for each of the receivables arising from the contract assets and the contract with the customer, the other
If it is not displayed separately as an asset, note the balance of each. In addition, contract liabilities are loaned and borrowed
If it is not shown separately from other liabilities in the comparison table, note the balance of contract liabilities (
See paragraphs 80-20(1)).
2. Notes
80. (Removal)
(1) Notes on important accounting policies
80-2. Note the following important accounting policies regarding revenues arising from contracts with customers:
(1) Details of the main performance obligations of the enterprise in its main business (Article <>)
See paragraphs 80–14.)
(2) The ordinary time when the enterprise satisfies its performance obligation (the ordinary time at which it recognizes revenue) (
80-18
See Section (1))
80-3. In addition to the items in the preceding paragraph, matters judged to be included in important accounting policies shall be subject to important meetings.
Note as a policy policy.
(2) Notes on Revenue Recognition
(Purpose of disclosure)
80-4. The purpose of disclosure in the note on revenue recognition is to provide revenue and cash arising from contracts with customers.
To help users of financial statements understand the nature, amount, timing and uncertainty of flows.
It is necessary for companies to disclose sufficient information.
80-5. In order to achieve the purpose of disclosure in the preceding paragraph, the following items are noted as notes on revenue recognition.
(1) Revenue breakdown information (Article
80-10 and
See paragraphs 80–11.)
(2) Information that is the basis for understanding earnings (Article
80-12 to
See paragraphs 80–19.)
-16
(3) Information to understand the amount of revenue for the current period and the following fiscal year (Article <>)
80-20 to
Section 80-24
Reference)
However, among the notes listed in the above items, the importance in light of the purpose of disclosure in the preceding paragraph
Notes that are deemed to be lacking may not be described.
80-6. Which notes should be emphasized and to what extent when writing notes on revenue recognition
or how detailed it will be described
Judge in light of the purpose of disclosure in paragraph 80-4. important
Describing a large amount of detailed information that is not good enough, or combining items with greatly different characteristics.
The notes are aggregated or disassembled so that useful information is not obscured.
80-7. In making a note on revenue recognition,
80-10 to
Note in paragraphs 80-24
It is not necessary to include notes according to the classification of the article.
80-8.
80-2 and
The important accounting policy noted in accordance with Section 80-3 is revenue recognition
It can not be mentioned as a note about.
80-9. What to include as a note on revenue recognition in other notes in the financial statements.
If included, other notes can be referenced.
(Revenue breakdown information)
80-10. Revenue arising from contracts with customers recognized in the current fiscal year shall be defined as the nature of revenues and cash flows;
Break down and note into categories based on key factors affecting amount, timing and uncertainty (appropriate
Guidelines [Disclosure Example 1]).
80-11. Business Financial Reporting Standards
No. 17 "Accounting Standards for Disclosure of Segment Information, etc." (hereinafter referred to as "Segment
Accounting Standards for Information, etc." Revenue decomposition information to be noted in accordance with the preceding paragraph,
Segment Information, etc. to be disclosed for each reportable segment in accordance with accounting standards
Note enough information to help financial statement users understand the relationship (Applicable Guidelines)
[Disclosure Example 1]).
(Information that is fundamental to understanding earnings)
80-12. If the contract with the customer is an item displayed in the financial statements or in the note on revenue recognition, other
As the basis information to show how it relates to the notes, note the following:
Ru.
(1) Information related to contracts and performance obligations
(2) Information related to the calculation of transaction prices
(3) Information related to the calculation of the amount allocated to performance obligations
(4) Information at the time of fulfillment of performance obligations
(5) Important decisions in the application of these accounting standards
Information on contracts and performance obligations
-17
80-13. Basis for Understanding What Contracts Arise from Items Recognized as Revenue
Note the information that becomes. This information includes:
(1) Information on performance obligations
(2) Information on important payment terms
80-14. When notating information on performance obligations listed in (1) of the preceding paragraph, the content of performance obligations (enterprise
The content of the goods or services that the Company has undertaken to transfer to the Customer).
Also, for example, if the following contents are included in the contract, the contents are noted.
(1) the obligation to perform by arranging for goods or services to be provided to the customer by another party;
i.e., when a company acts as an agent of another party) (Applicable Guidelines
Paragraphs 39 to
47
section)
(2) Returns, refunds and other similar obligations (Article
Clause 63, paragraph
Refer to paragraph 64, etc.) (Applicable Guidelines
Section 84
From the second
Paragraph 89, etc.)
(3) Guarantees and related obligations for goods or services (Applicable Guidelines
Paragraphs 34 to
38)
80-15.
In noting information on important payment terms listed in Section 80-13(2), for example:
Include the following:
(1) Normal payment deadline
(2) Details of the consideration when the consideration includes variable consideration (Article
Paragraphs 50 to
See paragraph 55.)
(3) Estimation of variable consideration
Content of cases normally restricted pursuant to paragraph 54
(4) If the contract includes important financial elements, the contents (Article
Paragraphs 56 to
See Section 58.)
Information on calculating transaction prices
80-16. The estimation method used to calculate the transaction price so that you can understand how to calculate the transaction price;
Note information about inputs and assumptions. For example, the following contents are described.
(1) Calculation of variable consideration (Article <>)
Paragraphs 50 to
See paragraph 55.)
(2) Estimation of variable consideration
Assessment in cases of restriction pursuant to clause 54
(3) Adjustment of the interest rate equivalent to the amount of consideration included in the amount of consideration when the contract contains important financial elements (
Paragraphs 56 to
See paragraph 58.)
(4) Calculation of consideration other than cash (Article <>)
Paragraphs 59 to
See paragraph 62.)
(5) Calculation of returns, refunds and other similar obligations (Article
Clause 63, paragraph
Refer to paragraph 64, etc.) (Applicable Guidelines
Paragraphs 84 to
Paragraph 89, etc.)
Information on calculating the amount allocated to performance obligations
80-17. Transaction price performance so that you can understand how to calculate the allocation amount to the obligation to perform the transaction price.
Note information on the estimation methods, inputs, and assumptions used in allocating to duties. For instance
Include the following:
(1) Estimation of the independent selling price of the promised goods or services (Article <>)
Paragraphs 65 to
See Section 69.)
-18
(2) Allocation of transaction prices when discounts or variable consideration are allocated to specific parts of the contract
(No.
Paragraphs 70 to
See Section 73.)
Information on the time of fulfillment of performance obligations
80-18. Determination at the ordinary time when performance obligations are satisfied (the normal time at which earnings are recognized) and at that time
Note the following to help you understand how to treat accounting.
(1) Ordinary time at which performance obligations are satisfied (ordinary time when earnings are recognized) (Article
Paragraphs 35 to
Section 45
Reference)
(2) Used to recognize revenue for performance obligations that are fulfilled over a certain period of time
Method and the basis on which such method constitutes a faithful depiction of the transfer of goods or services (
Clauses 38 and
Paragraphs 41 to
See paragraph 45.)
(3) With respect to the obligation to perform at one time, respect to the promised goods or services;
Important decisions made when assessing the point of acquisition by a customer (
Clauses 39 and
See Section 40.)
Important Decisions in the Application of the Accounting Standards
80-19. Judgments and changes in judgment made when applying this accounting standard arising from contracts with customers.
Note those that have a significant impact on determining the amount and timing of revenue.
(Information to understand the amount of revenue for the current fiscal year and the following fiscal year and beyond)
Outstanding balance of contract assets and contract liabilities, etc.
80-20. To help you understand the relationship between fulfillment of performance obligations and cash flows, note the following:
(1) Beginning balance and ending balance of receivables, contract assets and contract liabilities arising from contracts with customers (wards
(第
See paragraph 79.)
(2) The amount of revenue recognized in the current fiscal year that was included in the outstanding contract liabilities as of the beginning of the fiscal year
(3) Details of any significant changes in the balance of contract assets and contract liabilities during the current period.
(4) Timing of fulfillment of performance obligations (Article <>)
Section 80-18
(1)) is usually paid at the time of payment (
Sections 80-13 (
2) Participation
and how these factors are related to the balance of contract assets and contract liabilities.
Describe the impact
In addition, income recognized in the current fiscal year from performance obligations that have been satisfied (or partially satisfied) in the past period
(For example, fluctuation of transaction price), the amount is noted.
Transaction price allocated to remaining performance obligations
80-21. The amount and timing of revenue that is expected to be recognized from existing contracts in the following fiscal year and beyond.
For clarity, note the following with respect to the remaining performance obligations:
(1) Total transaction price allocated to unfulfilled (or partially unsatisfied) performance obligations as of the end of the current period.
(2) When do you expect the company to recognize the amount noted in accordance with (1) as revenue?
-19
Note in one of the following ways:
(1) Method using quantitative information based on the period most appropriate for the remaining period of the remaining performance obligation
(Application Guidelines [Disclosure Example]
2-2] and [Examples of disclosure
2-3]）
(3) Method using qualitative information (Application Guidelines [Disclosure Example <>])
80-22. If any of the following conditions apply, it may not be included in the note in the preceding paragraph:
(1) If the performance obligation is determined by the contract period originally expected (
See paragraph 21)
Part of a contract of up to 1 year
Be.
(2) Applicable Guidelines for Revenues Arising from the Fulfillment of Performance Obligations
Recognized in accordance with paragraph 19 (applicable finger
needle [Disclosure Example 2-1]).
(3) Variable consideration that satisfies one of the following conditions.
(1) Royalties based on sales or usage (Applicable Guidelines
67)
(2)
Pursuant to the requirements of paragraph 72, a fully unfulfilled performance obligation (or
Pursuant to Section 32(2)
Included in a single performance obligation identified
Of one separate good or service,
Variable consideration allocated to fully unfulfilled goods or services)
80-23. The amount of consideration received from the contract with the customer, the amount of variable consideration not included in the transaction price, etc.
It is not included in the rating, and as a result the
If anything is not included in the note to paragraphs 80-21,
Note (Article
Refer to paragraph 54) (Application Guidelines [Disclosure Example]
2-3]）。
80-24.
Because any of the conditions in paragraphs 80-22 apply,
What is not included in the note to paragraphs 80-21
In some cases, the second
Which of the conditions in sections 80-22 is true, and
Included in the note to paragraphs 80-21
Note the details of unfulfilled performance obligations (Applicable Guidelines [Disclosure Example]
2-1]）。
In addition to the provisions of the preceding paragraph,
If any of the conditions of Section 80-22(3) apply,
Notes in paragraphs 80-21
If there is something not included in the note, note the following.
(1) Remaining contract period (Article
See paragraph 21.)
(2)
Summary of variable consideration not included in the note to section 80-21 (e.g., the content of variable consideration and
How is variability eliminated?)
3. Indications and notes in non-consolidated financial statements when consolidated financial statements are prepared
80-25. If you are preparing consolidated financial statements, in the non-consolidated financial statements,
Section 78-2, §
78-3 and
Bi No.
The provisions of paragraph 79 may not apply.
80-26. If you are preparing consolidated financial statements, in the non-consolidated financial statements, a note on revenue recognition and
The number of
80-5 to
Notwithstanding paragraphs 80-24,
of the items listed in paragraph 80-5
Of these, (1) "Revenue breakdown information" and (3) "To understand the amount of revenue for the current period and the next fiscal year and beyond"
Information" can be noted.
80-27. If you are preparing consolidated financial statements, in the non-consolidated financial statements,
Section 80-5(2) "Profit Reasoning"
Information Underlying for Understanding" in the notes to
Can be referenced.
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V..Timing of application, etc.
1. Timing of application
81. The Accounting Standards as amended in 2020 (hereinafter referred to as the "Revised Accounting Standards 2020"). ) in 2021
4
moon
It shall be applied from the beginning of the consolidated fiscal year and fiscal year commencing on or after the 1st.
82. However, 2020
April
From the beginning of the consolidated fiscal year and fiscal year commencing on or after the 1st
2020 Revision
Accounting standards can be applied.
83. In addition to the provisions of the preceding paragraph, 2020
April
From the consolidated fiscal year and fiscal year ending on the 1st
2021
April
Consolidated financial statements for the consolidated fiscal year ending on March 30 and the year-end up to the fiscal year ending on March <>
and from the individual financial statements
The revised 2020 accounting standards can be applied. Apply this
Quarterly (or interim) consolidated finances for the fiscal year following the consolidated fiscal year and fiscal year that were applied early.
For statements and quarterly (or interim) non-consolidated financial statements, the consolidated fiscal year and events applied earlier
For quarterly (or interim) consolidated financial statements and quarterly (or interim) non-consolidated financial statements for the fiscal year,
The revised 2020 accounting standards will be applied retroactively to the beginning of the fiscal year.
83-2. The GAMS published in 2018 (hereinafter referred to as the "2018 GAAP"). 2018 GAAP
number
As set out in paragraph 82, 2021
April
Consolidated fiscal year and business commencing on or before 31
It can be applied from the beginning of the fiscal year (except when the 2020 revised accounting standards are applied). ）。
2. Transitional measures
(1) Without applying the 2018 GAAP
Transitional Measures for the Application of the 2020 Revised Accounting Standards
83-3.2018 without applying accounting standards
Transitional measures for the application of the 2020 Revised Accounting Standards are as follows:
84
Clause to No.
As provided in paragraph 89-3.
84.In the first year of application of the 2020 revised Accounting Standards, changes in accounting policies due to revisions to accounting standards, etc.
In principle, the new accounting policy shall be applied retroactively to all past periods.
Hereinafter, it is referred to as "principled handling." ）。
However, if the new accounting policy is retroactively applied before the beginning of the first year of application,
The cumulative impact amount shall be added or subtracted from the retained earnings at the beginning of the first year of application, and a new accounting shall be made from the balance at the beginning of the period.
Policies can be applied.
85. When the 2020 Revised Accounting Standards are applied retroactively in accordance with the principle of treatment, the following (1) to (4)
of law
One or more can be applied.
(1) Prior to the previous consolidated fiscal year of the first fiscal year and the beginning of the previous fiscal year
Therefore, for contracts that recognize the amount of almost all revenues, the consolidated accounting before the first year of application
Consolidated financial statements for the fiscal year and quarterly (or interim) consolidated financial statements, including notes. and
Separate financial statements and quarterly (or interim) separate financial statements for the previous fiscal year of the first year of application (Note)
Including matters. (Hereinafter collectively referred to as "Comparative Information for the First Year of Application.") Do not retroactively correct
Ikoto
-21
(2) The amount of almost all revenues in accordance with the previous treatment before the beginning of the first year of application.
If the recognized contract includes variable consideration, the amount of variable consideration included in the contract
Comparison of the first year of application using the amount when the uncertainty regarding the amount of variable consideration is eliminated
rectify information retroactively;
(3) Contracts that began and ended within the previous consolidated fiscal year and the previous fiscal year of the first year of application
Quarterly (or interim) consolidated financial statements of the previous consolidated fiscal year of the first year of application and the first year of application
Not retrospectively revise quarterly (or interim) non-consolidated financial statements for the previous fiscal year
(4) Changes in contracts made before the previous consolidated fiscal year of the first fiscal year and the beginning of the previous fiscal year
In addition, based on the terms and conditions after reflecting all contract changes, the following (1) to (3)
Conduct logic and retrospectively revise comparative information for the first year of application.
(1) Classification of satisfying and unfulfilled performance obligations
(2) Calculation of transaction price
(3) Allocation of transaction prices to satisfied, unfulfilled performance obligations
86.
If the method of proviso to paragraph 84 is selected, the previous treatment shall be carried out before the beginning of the first year of application.
The new accounting policy should not be applied retroactively to contracts that recognize the amount of almost all revenues in accordance with
You can.
Also, the second
If the method of the proviso to paragraph 84 is selected, the following (1) or (2)
Either can be applied and the cumulative impact amount may be added or subtracted from the retained earnings at the beginning of the first year of application.
Can.
(1) All contract changes made before the beginning of the first year of application shall be reversed.
Based on the terms and conditions of the contract after the projection, the processing of (4) to (<>) of (<>) of the preceding paragraph shall be carried out.
(2) Changes in contracts made before the previous consolidated fiscal year of the first fiscal year and the beginning of the previous fiscal year
In addition, based on the terms and conditions after reflecting all contract changes, (4) to (<>) of (<>) of the preceding paragraph
Processing of
87.
Paragraphs 84 to
Notwithstanding paragraph 86, International Financial Reporting Standards (IFRS) or U.S. GAAP
A company (or its consolidated subsidiary) that applies to the consolidated financial statements of the company is included in the company's individual financial statements.
When the 2020 Revised Accounting Standards are applied, in the first year of application of the 2020 Revised Accounting Standards,
IFRS Article
No. 15 "Revenue Arising from Customer Contracts" (IFRS
No. 15." ) or
FASB
Accounting Standards Codification
Coding scheme. Hereinafter referred to as "FASB-ASC". )
Topic 606, "Revenue Arising from Customer Contracts"
(hereinafter referred to as "Topic 606") Any of the provisions of the transitional measures may be applied.
Also, the second
Paragraphs 84 to
Notwithstanding paragraph 86, IFRS shall apply to consolidated financial statements for the first time.
If the company (or its consolidated subsidiaries)
Revised Accounting Standards 2020 will be applied.
In this case, in the first year of application of the 2020 Revised Accounting Standards, IFRS
Vol.1 "International Financial Reporting Basis"
Quasi-first application ("IFRS
No. 1." Provisions on transitional measures in
It can.
-22
88.( Scrap )
89.
In accordance with the provisions of Paragraph 47, in the first year of application of the 2020 revised accounting standards, consumption tax and local
Consumption tax (hereinafter referred to as "consumption tax, etc.") When changing the accounting treatment from the tax-included method to the tax-exclusive method
shall be treated as a change in accounting policy due to revision of accounting standards, etc. In this case, the term of the first year of application
Consumption from the acquisition cost of fixed assets, etc. for which consumption tax, etc. has been included in accordance with the tax-included method before the neck
Taxes may not be deducted.
89-2. In the first year of application of the 2020 Revised Accounting Standards, comparative information for the first year of application shall be retained in the new
Recombination can be performed according to the display method.
89-3.In the first year of application of the 2020 Revised Accounting Standards,
Section 78-2, §
Paragraph 79 Note and
802
Clause to No.
Paragraphs 80-27 may not be noted in the comparison information for the first year of application.
(2) After applying the 2018 GAAP
Transitional Measures for the Application of the 2020 Revised Accounting Standards
89-4.Applying the 2018 accounting standards
If the 2020 Revised Accounting Standards are applied,
You can apply new accounting policies. In the first year of application of the revised 2020 Accounting Standards,
Presentation method based on the application of the 2020 revised accounting standards (including disclosure by note) Where changes occur
In the conjunction, the Enterprise Accounting Standards No.
No. 24
Notwithstanding the provisions of paragraph 14, comparative information for the first year of application
It is possible to perform rearrangement according to the new display method. In this case, the Enterprise Accounting Standards No.
24
Issue No.
Note that Section 16(3) refers to "Amounts of Major Items in Reorganized Past Financial Statements."
Not possible. Also, the second
Section 78-2, §
Paragraph 79 Note and
80-2 to
In verses 80-27
The contents described may not be noted in the comparative information of the first year of application.
3. Others
90.
In accordance with the application of paragraph 81, the following Corporate Accounting Standards, Guidelines for the Application of Corporate Financial Accounting Standards, and Practical Correspondence Reports shall be
Abolish.
(1) Corporate Accounting Standards
No. 15 "Accounting Standards for Construction Contracts" (hereinafter referred to as "Accounting Standards for Construction Contracts")
Say. ）
(2) Guidelines for the Application of Corporate Accounting Standards
No. 18 "Guidelines for the Application of Accounting Standards for Construction Contracts" (hereinafter referred to as "Engineering
Guidelines for the Application of Contracts." ）
(3) Practical Response Report
No. 17 "Practical Handling of Accounting for Proceeds of Software Transactions"
(hereinafter referred to as the "Software Transaction Practice Report"). ）
VI..Resolution
91. 2018 Accounting Standards
Member who attended 381 meetings of the Accounting Standards Committee
By all 13 voters
Approved. The committee members in attendance were as follows:
Yukio Ono (Chairman)
Atsushi Kogasaka (Vice-Chairman)
-23
Yasuyoshi Kawanishi
Ryota Yasui
Makoto Kaimasu
Yoshihiro Tokuga
Kengo Nishiyama
Mao Yanaga
Katsuto Yanagihashi
Yoshio Yukawa
Minoru Yoshida
Kazutaka Yoneda
Hitoshi Watanabe
Yasuyoshi Kawanishi
Ryota Yasui
Makoto Kaimasu
Yoshihiro Tokuga
Kengo Nishiyama
Mao Yanaga
Katsuto Yanagihashi
Yoshio Yukawa
Minoru Yoshida
Kazutaka Yoneda
Hitoshi Watanabe
number
Member who attended 428 meetings of the Accounting Standards Committee
All 14 members agreed.
Approved by. The committee members in attendance were as follows:
Atsushi Kogasaka (Chairman)
Yasuki Kawa (Vice-Chairman)
Hideaki Hirose
Rieko Yano
Kanako Ogura
Goro Kumagai
Masaru Kumada
Atsushi Koide
Nobuaki Gotandaya
Koro Shiotani
Satoshi Tanchang
Yoshihiro Tokuga
Naoki Hirai
Hitoshi Watanabe
-24
Background to the conclusion
Background to the conclusion
table
92. In Japan, the Accounting Principles of Japan state that "sales shall be based on the principle of realization, and the sale of goods, etc.
or only those realized by the benefit of services." (Corporate Accounting Principles, Second Profit and Loss Statement Principles, III)
B), but comprehensive accounting standards for revenue recognition have not been developed so far.
It was.
Meanwhile, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) jointly
Developed comprehensive accounting standards for revenue recognition, and in 2014 (Heisei
26 years) in May "with customers
Revenue from contracts" (in the IASB)
IFRS Article
No. 15, in the FASB
Topic 606)
Represents. Both standards are generally the same at the wording level, and after the application of the standards,
Revenues in financial statements prepared under IFRS and U.S. GAAP are reported in accordance with such standards.
It will be.
The names of sales, operating income, etc. differ depending on the industry and the type of transaction, but profits are the main names of the company.
As a display of the results of sales activities, it is an important asset in displaying the business performance of a company.
It is considered to be work information.
In light of these circumstances, the Committee decided to establish a 2015 (Heisei
27) held in March
308 times
The Accounting Standards Committee of Japan has approved IFRS
Recognition of Earnings in Japan Based on Item 15
We have decided to embark on a study to develop comprehensive accounting standards.
93. At the initial stage of its deliberations, the Committee expressed its opinions on the issues of application and how to proceed with future deliberations.
In order to grasp it widely, 2016 (Heisei
28) February of the "Comprehensive Accounting Standard on Revenue Recognition
Call for comments on development" (hereinafter referred to as the "Solicitation Document"). (2016 (Heisei
It was partially revised in April. ）。
The public comment document identified the following as the significance of developing comprehensive accounting standards for revenue recognition:
It is raised.
(1) Establishment of a system of accounting standards in Japan
(2) Improvement of comparability of financial statements between companies
(3) Enhancement of information disclosed by companies
For the Comment Call Document
33 comment letters were received, the majority of which were
IFRS Article
Although it generally supported the development of the standard starting from the content of No. 15,
Many issues were also received in the application.
Based on the opinions received in these public comment documents, the Committee will identify issues.
After considering them, in 2017 (Heisei
29) Exposure Draft of Business Accounting Standards in July
No. 61
Accounting Standards for Profit Recognition (Draft)" and Exposure Draft of Guidelines for the Application of Corporate Accounting Standards
No. 61 "Revenue Recognition"
Guidelines for the Application of Accounting Standards (Draft)" (hereinafter collectively referred to as the "2017 Exposure Draft"). )
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and asked for a wide range of opinions. The 2018 accounting standards take into account the opinions received on the 2017 exposure draft.
After prior consideration, we have decided to publish the 2017 Exposure Draft after partially revising its contents.
Be.
94. The Committee met in 2016.
The medium-term management policy was announced in August. Medium-term
In the management policy, in order to improve the quality of accounting standards used by listed companies in Japan, etc.,
Our policy is to maintain and improve Japan standards as high quality and internationally consistent.
The content of the 2018 accounting standards is in line with the relevant medium-term management policy.
95. In addition, the application of these accounting standards provides for the following corporate accounting standards, guidelines for the application of corporate accounting standards, and practices.
Reporting will be abolished.
(1) Construction Contract Accounting Standards
(2) Guidelines for Application of Construction Contracts
(3) Software transaction practice report
96.
In the process of considering the application of the 2018 Accounting Standards to practice, the provisions of the 2018 Accounting Standards were clarified.
Although certain, it is extremely difficult in practice to carry out processing in accordance with this.
If it is identified and brought to the Committee to that effect, a separate response will be taken by public deliberation.
It was decided by the Committee whether or not it was necessary to do so.
Publication of Revised Accounting Standards for 2020
96-2. For 2018 GAAPS, the minimum necessary notes for early adoption of 2018 GAAP
(Details of the main performance obligations of the enterprise in its main business and the fact that the company satisfies the obligations)
Always at the time (the usual point in time when earnings are recognized)) and taking into account the preparation period of the financial statement preparer.
When the 2018 GAAP is applied (2021)
April
Consolidated fiscal year starting on or after the 1st
and the beginning of the fiscal year), it was to consider the provision of notes.
In addition, the following matters related to the display of revenue recognition:
This would be considered by the time the 2018 accounting standards came into effect.
(1) Revenue display items
(2) Whether it is necessary to classify the impact of earnings and financial factors (interest income or interest expense)
(3) Necessity of classification of contract assets and receivables
After repeated deliberations, the committee decided to make a proposal in 2019
Exposure Draft of Business Accounting Standards in October
No. 66 (Enterprise
Accounting Standards for Industry
Amendment to No. 29) "Accounting Standards for Revenue Recognition (Draft)" (hereinafter referred to as "Published in 2019")
draft." and sought a wide range of opinions. The 2020 Revised Accounting Standards are based on the 2019 Exposure Draft
Based on the opinions received in the 2019 Exposure Draft, the content of the <> Exposure Draft was partially amended and made public.
It is something that has come to be represented.
In addition, in the 2020 revised accounting standards, they were identified in the development process of the 2020 revised accounting standards.
The 2018 accounting standards are being reviewed on some issues.
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Basic Development Policy
2018 GAAP
Basic Development Policy
2018 GAAP
number
of benefits consistent with No. 15
Comparable financial statements between domestic and foreign companies
From the point of view of competence, IFRS Article
Starting from the adoption of the basic principles of No. 15, accounting standards
It was decided to determine. In addition, there are items that should be considered in the practical work that has been carried out in Japan so far.
In such cases, alternative treatment was added to the extent that comparability was not impaired.
98. Under the policy set forth in the preceding paragraph, the following development policy has been established for consolidated financial statements.
(1) IFRS Article
Basically all the provisions of Item 15 shall be incorporated.
(2) Additional provision of alternative treatment to address application challenges. Alternative treatment
Any additional provisions shall not significantly impair international comparability.
It is based on.
The reasons for establishing the policy described in (1) are as follows.
(1) Significance of the development of comprehensive accounting standards for revenue recognition
As one, international comparison
Securing possibilities is considered important
(2) IFRS
No. 15 is based on five steps: identification of performance obligations, allocation of transaction prices,
It stipulates the recognition of revenue from the transfer of control, etc., and it is difficult to partially adopt
What is considered
99. Handling of non-consolidated financial statements after establishing the policy on consolidated financial statements as set forth in the preceding paragraph
Deliberations were held. During the deliberation process, various opinions were heard, as follows:
(1) From the perspective of business management, the handling of consolidated financial statements and individual financial statements shall be the same.
It is preferred.
(2) For companies that prepare consolidated financial statements in accordance with IFRS or U.S. GAAP, individual goods
The statements of affairs are also available under IFRS
No. 15 or
It is preferable that the content be based on Topic 606.
(3) For non-consolidated financial statements, various companies, including small and medium-sized listed companies and consolidated subsidiaries
As simple as possible, when introducing and applying these accounting standards,
The cost of should be reduced.
(4) Amounts in the individual financial statements are used for relevant laws and regulations, and in particular taxable offices under the Corporation Tax Act.
Since it is the basis for the calculation of profits, consideration should be given to the relationship with corporate tax.
In this regard, for the following reasons, basically the same accounting office in consolidated financial statements and non-consolidated financial statements.
It was decided to establish reason.
(1) The accounting standards developed by the Committee so far basically refer to consolidated finance
The same accounting treatment has been established for the statements and the individual financial statements.
(2) If the consolidated financial statements and the non-consolidated financial statements do not have the same content, the consolidated financial statements of the company
There are costs associated with consolidation adjustments when creating a . On the other hand, consolidated financial statements and non-consolidated finance
If the contents are the same in the statements, the burden will be borne by small and medium-sized listed companies and consolidated subsidiaries, etc.
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However, there is a concern that alternative treatment regarding materiality, etc. will be provided.
Ability to respond in fixed practice
100. The accounting treatment of this accounting standard has been developed under the above basic policy.
It is supposed to consist of.
(1) Basically
IFRS Article
Provisions based on the contents of the accounting standards in Item 15
(1) Part of these accounting standards
Paragraphs 16 to
Section 78
(2) Part of the applicable guidelines
Paragraphs 4 to
Section 89
(2) Alternative treatment stipulated in additions
The first of the applicable guidelines
Paragraphs 92 to
Section 104
101.As with other accounting standards, this accounting standard shall not be applied to transactions of little importance.
Can.
2020 Revised Accounting Standards
101-2.IFRS in the course of the development of this accounting standard with respect to the notes set forth in the 2020 Revised Accounting Standards
number
While there was an opinion that the same provisions as in Article 15 should be incorporated, IFRS
No. 15
There were also concerns about the introduction of similar provisions.
In this regard, it is the basic policy for developing the accounting treatment provisions of the 2018 Accounting Standards.
The Committee has agreed to meet IFRS Article
of benefits consistent with No. 15
One of them, between domestic and foreign companies
From the perspective of ensuring comparability of financial statements, IFRS
Basically all the provisions of Item 15 are taken.
As a result, accounting treatment related to revenue recognition
IFRS Article
No. 15 and
It follows the same standards as Topic 606.
101-3. When developing accounting standards, etc. from the viewpoint of international consistency, accounting treatment
Financial information obtained through accounting treatment conducted in accordance with the accounting standards to be developed is internationally
Even if the development is not significantly different from financial information based on accounting standards, note
Matters are not necessarily dealt with in the same way as accounting.
Here, the company's operating results as revenue displays the results from the main sales activities of the company.
Financial information is considered important for displaying and earnings information by means of financial statements available
You will be able to properly understand your company's contracts with customers and the revenues arising from such contracts;
A more appropriate economy because it allows for better predictions of future cash flows
It is thought that you will be able to make appropriate decisions.
101-4. Accordingly, the notes on earnings are of great importance in the overall note.
In accounting standards, as well as provisions on accounting treatment, in principle, notes are
IFRS Article
No. 15 and
It was decided to incorporate the same content as Topic 606. temporarily
IFRS Article
No. 15 and
B
Failure to provide a note similar to Topic 606 would only compromise comparability.
Rather, if sufficient notes have not been made on financial statements prepared on Japan basis.
It is considered that there is a possibility that the point will be made.
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101-5. On the other hand, concerns about a significant increase in notes have led to the use of each individual note.
There was also an opinion that we should consider and decide what to incorporate. However, its usefulness is recognized.
Because the information that is required to be noted is different depending on the type of contract,
If it is decided to define notes in consideration of various types of contracts, it is useful in some cases.
Even if a report is to be disclosed, it will not disclose useful information in other cases, etc.
We believe that it is difficult to provide for disclosure of useful information in all circumstances.
Be.
101-5. On the other hand, concerns about a significant increase in notes have led to the use of each individual note.
There was also an opinion that we should consider and decide what to incorporate. However, its usefulness is recognized.
Because the information that is required to be noted is different depending on the type of contract,
If it is decided to define notes in consideration of various types of contracts, it is useful in some cases.
Even if a report is to be disclosed, it will not disclose useful information in other cases, etc.
We believe that it is difficult to provide for disclosure of useful information in all circumstances.
Be.
。
(1) As a comprehensive provision, IFRS
It includes the same disclosure purpose and materiality as in Item 15.
Moreover, as a general rule
IFRS Article
Include all items in note No. 15.
(2) Clarify and disclose the necessity of disclosure of individual notes according to the actual situation of the company.
Items that are deemed to be of little importance in light of the purpose may not be noted.
Be clear that.
I..Category
102. The scope covered by these accounting standards is IFRS Article
As in No. 15, revenues arising from contracts with customers and
and revenues arising from transactions or events that do not arise from contracts with customers, shall be subject to the provisions of this accounting standard.
It was decided not to handle it.
The other party to the contract is the output generated by the company's normal sales activities in exchange for consideration.
A customer who is a party to which the company has contracted to obtain goods or services (
See Section 6).
Only if this accounting standard applies.
103. Interest and financial dealers included in the scope of Financial Instruments Accounting Standards among the income generated from contracts with customers
Transactions related to financial instruments, such as profits generated upon recognition of the disappearance of goods, shall be subject to IFRS Article
Like issue 15, the book
It was decided not to include it in the scope of application of accounting standards (Article
See Section 3(1)).
104. Proceeds arising from contracts with customers that fall within the scope of lease accounting standards (leasing transactions)
Hand Accounting) IFRS Article
As with Item 15, it was decided not to include it in the scope of application of this accounting standard.
(No.
See Section 3(2)). The grant of licenses is included in the scope of application of these accounting standards.
However, it is not intended to change the treatment of contracts that are handled in accordance with lease accounting standards.
Missing.
In addition, if this accounting standard does not recognize revenue recognition based on installment standards, it is hypothetically
When considering the accounting treatment of the lessor in the deduction, the loan related to the finance lease transaction
Provisions concerning the method of recording sales and cost of sales at the time of receipt of lease payments among hand accounting treatments
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(Guidelines for the Application of Corporate Accounting Standards
Vol.16 "Guidelines for Application of Accounting Standards for Lease Transactions"
Section 51(2)
and the second
61) and the difference between the production price or cash purchase price of the lessor and the selling price of cash to the lessee.
In some cases, the difference in sales gains shall be treated on a sales basis or installment basis (the same
56
Clause and
Section 66). Accounting standards for lease transactions revised in 2020
At the time of publication of the accounting standards, the Committee shall ensure that Japan's accounting standards are internationally consistent.
We are proceeding with initiatives to do so, and the accounting treatment of the lessor is related to the lease transaction.
It is planned to include in the development of accounting standards.
105. Accounting treatment for insurance contracts is stipulated in the current accounting standards in Japan.
There is no IFRS Article
As with item 15, it was decided not to include it in the scope of application of this accounting standard (
3
See Section (3)).
106. Products or products with other companies in the same industry that are carried out to facilitate sales to customers or potential customers.
With regard to the exchange of goods, the goods or other companies in the same industry that exchange products shall not engage in the normal business activities of the company.
Contracts with companies to obtain more generated output, so they fall under the definition of a customer.
IFRS Article
As with item 15, it was decided not to include it in the scope of application of this accounting standard (
Refer to Section 3(4)
Teru). IFRS Article
In item 15, we recognize earnings from the exchange of inventories with other companies in the same industry, and
Later, if we recognize the revenue for the sale of inventory to the end customer again, we will reduce the income and expense to the
It will be heavily accounted for, and the users of the financial statements will be able to evaluate the performance and gross profit by the company.
It is considered inappropriate because it will be difficult. In Japan, inventory exchange transactions
Although the accounting treatment to be treated is not expressly stated, IFRS
Similar to No. 15, inventory with other companies in the same industry
It is considered inappropriate to recognize earnings for the exchange of production.
107. At the time of publication of the revised Accounting Standards for 2020, the Committee will review the Financial Instruments Accounting Standards.
That's where we are. When structuring or acquiring financial instruments that correspond to revenues arising from contracts with customers
We plan to consider the fees we receive in conjunction with the review of Financial Instruments Accounting Standards.
(No.
See Section 3(5)).
108.IFRS refers to fixed assets that are not output from the normal operating activities of a company.
About the sale, IFRS Article
Recognize earnings in the same way as No. 15
IAS 第
No.16 "Property, plant and equipment"
However, under these accounting standards, output generated by the normal operating activities of companies
The sale of non-trivial fixed assets is not included in the scope of the amendment because the issues may differ.
Not included in the scope of this accounting standard. In addition, output generated by the normal sales activities of the company
The sale of such real estate is subject to the scope of this accounting standard.
Real estate subject to the Real Estate Securitization Practice Guidelines (including real estate trust beneficiary rights) Regarding the transfer of
Accounting treatment is excluded from the scope of application of this accounting standard because it is related to the examination of the scope of consolidation, etc.
(第
See Section 3(6)).
Among the comments received in the 108-2.2019 Exposure Draft are related to cryptocurrencies in the Payment Services Act.
There was an opinion that the relationship between the transaction and this accounting standard should be reviewed.
On the other hand, the definition in the Ordinance on Crypto Assets and Gold Commerce that satisfies the definition in the Payment Services Act
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Cases in which the handling of the right to display securities for electronic record transfer that satisfies the requirements of private law is not clear
In addition, the Committee is considering the accounting treatment of transactions related to these.
Therefore, under the 2020 revised Accounting Standards, transactions related to these are excluded from the scope of these Accounting Standards.
and (No.
See Section 3(7)).
Here, the relevant transactions are listed in the Operational Response Report No.
No. 38 "Accounting for Crypto Assets under the Payment Services Act"
Immediate handling of science, etc." or Practical Response Report
No. 43 "Right to Indicate Electronic Record Transfer Securities
Handling of Accounting and Disclosure of Issuance and Holding, etc."
If not, the relevant accounting standards, etc. shall be clarified.
If not, the company will set an accounting policy.
109. This accounting standard stipulates the capitalization of costs, such as inventories and fixed assets.
What is the IFRS system?
Because it is different, IFRS Article
Contract costs under No. 15 (incremental costs for contract acquisition and performance of contracts)
Cost for) is not included in the scope.
provided, however, that a company that applies IFRS or U.S. GAAP to its consolidated financial statements shall not be liable for the company's individual goods.
If this accounting standard is applied to the operating statements, the accounting for contract costs shall be defined as consolidated financial statements and individual goods.
Since it is considered that different statements will cause practical burdens, separate finance
In the Statements
IFRS Article
No. 15 or
FASB-ASC
Subtopic 340-40, "Other Assets and Deferred Cos."
Contract with Customer (hereinafter referred to as "Subtopic 340-40"). In accordance with the provisions of the contract cost in
It was not hindered to do so.
In addition, consolidated subsidiaries of companies that apply IFRS or U.S. GAAP to their consolidated financial statements may not be able to do so.
Even if this accounting standard is applied to the consolidated financial statements and individual financial statements of the affiliated subsidiaries, the contract cost
It is practical to make the accounting treatment different from the accounting treatment in the consolidated financial statements of the parent company.
In the consolidated financial statements and the non-consolidated financial statements,
IFRS Article
No. 15 or
Failure to comply with the contract cost provisions of Subtopic 340-40 is prevented.
It was not.
109-2.In the process of deliberation on the 2020 Revised Accounting Standards, the provisions of the preceding paragraph allow the optional application of the accounting standards.
Yes, IFRS Article
No. 15 or
Choose to comply with the contract cost provisions in Subtopic 340-40
If so, it should be stipulated in this accounting standard that it be included in the note of important accounting policy.
The opinion was heard. In this regard, IFRS Article
No. 15 or
Similar to Subtopic340-40
Even if you have chosen to account for approximate costs, do you want to note this as an important accounting policy?
Whether or not is considered to be determined according to the actual situation of the company, and hypothetically
When requesting a note as an important accounting policy, the importance of contract costs recognized by the company is poor
Even if it will be noted as an important accounting policy, a uniform note will be requested.
I didn't think it was necessary.
However, it is judged that the fact that the contract cost provision is applied is included in the important accounting policy.
If so, it will be noted as an important accounting policy.
In addition, IFRS Article
No. 15 and
Subtopic 340-40 provides a note on contract costs.
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Provisions have been established. In this regard, the note on contract costs is
Opening of Section 80-4
If it is judged that it is necessary to achieve the indicated purpose, IFRS
No. 15 and
The necessary notes will be made with reference to the notes in Subtopic 340-40.
II..Definition of Terms
110. In this accounting standard, IFRS Article
Definitions of terms in Item 15 that are considered necessary
and is included in the definition of terms in this accounting standard (Article
Paragraphs 5 to
See paragraph 12).
111. This accounting standard applies to the accounting and disclosure of revenues arising from contracts with customers.
(The definition of a customer is
See Section 6). For example, output generated by the company's normal sales activities
Not to acquire goods or services, but to share risks and benefits between the contracting parties.
Conclude a contract with a company to participate in a movement or process (joint research and development based on an alliance agreement, etc.)
The other party to such contract is not the customer and this accounting standard does not apply to such contract.
112. Construction contracts follow the definitions in the Accounting Standards for Construction Contracts (Article
See paragraph 13).
Although it is a contract contract, it is a contract for the purpose of providing services exclusively, or a construction contract in external form
Even if the contract is similar to the
Contracts are not included in construction contracts, as are construction contract accounting standards.
113. Regarding the scope of software produced to order, as in the accounting standards for construction contracts, "R&D expenses, etc.
Accounting Standards (Heisei
10
March: Business Accounting Council) and Software Transaction Practice Report
(No.
See paragraph 14).
III..Accounting
(IFRS Article
Based on the provisions of Item 15 and the basis of the conclusion)
114.
As described in paragraph 100, in the text of this accounting standard,
Paragraphs 16 to
Clause 78 basically states that
IFRS Article
Based on the content of the accounting standards in No. 15, the background to the conclusion is also
115
Clause to No.
Paragraph 150-3 provides that IFRS
It is based on the accounting standards and conclusions in Item 15.
1. Fundamental principles
115. In this accounting standard, IFRS Article
As in Item 15, revenues and cash arising from contracts with customers,
Report useful information about the nature, amount, timing and uncertainties of flows to financial statement users
Therefore, the basic principles are set forth (
See Section 16). In addition, in this accounting standard, market relations
To recognize revenue according to the basic principles in order to contribute to the understanding of the person
5 steps
(No.
See paragraph 17).
116. Establishment of these accounting standards (Applicable Guidelines
Paragraphs 92 to
Alternative to the materiality set forth in Section 104
Including handling. ) applies to individual contracts with customers. However, there are many companies that
Since they may have similar contracts or performance obligations, as a practical method, this accounting standard is a special
Apply to the entire group consisting of gender-like contracts or performance obligations (e.g., such group
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The loop is used as a unit of revenue recognition or as a unit of calculation of the amount of revenue. On the financial statements by
The impact of this accounting standard on individual contracts or performance obligations within the group
It is reasonably seen that it does not cause a significant difference compared to the impact of applying.
If so, it does not cover individual contracts or performance obligations, but covers the entire group.
and permits the application of the provisions of these accounting standards (
See paragraph 18).
For example, each of the goods and services contained in several contracts with similar characteristics must have a performance obligation and:
When allocating transaction prices to such performance obligations, in principle,
and will be based on the ratio of the independent selling prices of goods and services. However, individual
Differences from transaction prices allocated under the contract have a significant impact on the financial statements.
If it is reasonably expected that this will not be possible, multiple similar contracts may be
As one group,
Ratio of the total independent selling price of goods and services included in the group to the total transaction price.
Using the rate, the independent selling price of the goods and services of each contract included in the group shall be used to subscribe the goods in question.
and a method of calculating the transaction price allocated to the service, is also permitted.
2. Revenue recognition criteria
(1) Identification of contracts
117. Contracts with customers to which this accounting standard applies shall be
Stipulated in paragraph 19
Meets all five requirements
It is a contract with the customer. of the requirements
Attempt to exchange goods or services transferred to one of the customers.
That the karma is likely to recover the price to which it is entitled (Article
See Section 19(5)).
In doing so, there is volatility in the consideration due to the possibility that the company may offer a price reduction to the customer.
In this case, the amount of consideration that the company will be entitled to is less than the price stated in the contract.
Consider that.
Regarding the "probability" of recovering the consideration, IFRS Article
In issue 15, "probable"
The expression is used. Here, in light of the meaning of "probable" in IFRS,
The probability of recovering the value is greater than the probability of not recovering it (more
likely than not）
However, in Japanese practice, it can be collected when determining whether or not to conclude a contract
In view of the fact that when considering sex, decisions are based on a higher threshold, "high probability
The expression "i" is used.
118. When assessing the possibility of recovering consideration from a customer, the customer's financial solvency and the customer's
Consider the willingness to pay consideration (Article
See Section 19(5)). Evaluate the customer's willingness to pay
The due date for payment of consideration has arrived (i.e., the corresponding performance obligation has been satisfied, and the enterprise
The consideration to which the entitled does not change. Based on the assumption that the customer or a group of customers of the same type
All facts and circumstances need to be considered, including the practice of leaving.
119. Some contracts do not have a fixed term and each of the parties to the contract terminates or
Some can be changed, and some are automatically renewed at regular intervals stipulated in the contract.
Accounting standards apply to the term of the contract during which the parties to the contract currently have enforceable rights and obligations.
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Applied as an elephant (Article
See paragraph 21).
119-2.
Regarding the "contract period" in paragraph 21, the expression "duration of the contract" in the 2018 accounting standards
However, it has been changed in the 2020 revised accounting standards (and in accordance with this change,
Related terms in these accounting standards and applicable guidelines have been changed. ）。 This is due to the fact that the second
80–22(1)
"Originally anticipated contract term" and
In paragraph 80-24(1), "Remaining Term of Contract"
Regarding the definition of "approx. period", Article
When referring to paragraph 21, the purpose is conveyed more accurately.
2018 Accounting Standards
Intended to alter the treatment of paragraph 21
It is not.
120. If the contract with the customer is initiated by the date of the transaction in the contract,
If the requirements of paragraph 19 are met,
Unless there are signs of a significant change in actual or circumstantial circumstances, review whether the requirements are met.
Do not (Article
Section 23), but if, for example, the customer's ability to pay is significantly reduced,
in exchange for the remaining goods or services transferred to the customer, the consideration for which the company will be entitled
We will review whether there is a high probability of settlement. In addition, revenue already recognized, with customers
Receivables or contractual assets arising from contracts shall not be subject to such review.
(2) Combination of contracts
121. Timing of revenue recognition depending on whether multiple contracts are treated separately or as a single contract
and since the amount may vary,
If the requirements of paragraph 27 are met, multiple contracts may be concluded.
Together, they are treated as a single contract.
(3) Contract change
122. Changes to the contract are the result of the approval of the parties to the contract, and such approval may be made in writing or orally.
It may be done by agreement by the head, or it may be implied by trade practices.
The parties to the contract have not agreed on the scope and/or price of the amendment
or if a party to the contract has approved a change in the scope of the contract, but the scope of the changed contract corresponds to
Even if you have not decided to change the price, a change in the contract may occur. By contract change
To determine whether new or altered rights and obligations are enforceable.
The terms and conditions of the contract and all relevant facts and circumstances shall be taken into account.
123.
Amendments to the contract that satisfy any of the requirements of paragraphs (30) and (1) of paragraph 2 shall result in additional promised goods or services.
Since there is no difference in the actual conditions of the transaction from the case of entering into an independent contract regarding vis, the contract is changed.
as an independent contract.
124. Requirements to treat contract changes as independent contracts
For one, the price of the contract to be changed is
Suitability for independent selling prices for additionally promised goods or services based on the circumstances of a particular contract
The amount is increased by the amount of the amount that has been made (
See paragraph 30(2)). Such adjustments
For example, a company may incur selling expenses incurred when selling similar goods or services to new customers.
does not have to bear the risk of adjusting the independent selling price for the discount that the customer receives.
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Be.
125. If the Contract Modification is not treated as an independent contract,
When the requirements of Paragraph 31 (1) are met.
Such changes to the contract will be negotiated after the existing contract and will be based on new facts and circumstances.
Therefore, the change in the contract will be accounted for for for the future, and the performance obligations that have been satisfied in the past will be met.
Do not correct the earnings. Also, the second
If the requirements of paragraph 31 (2) apply, the promise in the existing contract
Fulfillment of performance obligations in order not to transfer additional goods or services separate from the goods or services
Based on the cumulative impact of the change, the date of the contract change
Revise the amount of revenue in .
126. Changes in transaction prices arising from contract changes and changes in variable consideration estimates are subject to different economic events.
The result. Changes in variable consideration estimates were identified and agreed on the transaction start date in the contract
Although it is caused by a change in variables, a change in the transaction price resulting from a change in the contract is a party to the contract.
It arises from independent and ex-post negotiations between the parties.
(4) Identification of performance obligations
127. A contract with a customer usually specifies the goods or services that the company undertakes to transfer to the customer.
Ru. However, the contract with the customer states that at the time of conclusion of the contract, the company transfers the goods or services.
If the customer's reasonable expectations arise, it is implied by trade practices, published policies, etc.
Promises may include performance obligations identified in the contract with the customer.
It may not be limited to the goods or services specified in the agreement.
128.
The provisions of paragraph 32 (2) provide multiple separate goods or services with substantially the same characteristics.
identifies such multiple separate goods or services as a single performance obligation,
Identify each commitment to transfer separate goods or services to a customer as a performance obligation
It is provided because the benefits are small compared to the cost. This provision provides, for example, cleaning sir
It may be applicable to contracts in which the same quality of service is provided repeatedly, such as a bis contract.
(Separate goods or services)
Promised goods or services include, for example:
(1) Sale of goods manufactured by the enterprise (for example, manufacturer's products)
(2) Resale of goods purchased by a company (e.g., retailer goods)
(3) Resale of rights to goods or services purchased by the company (e.g., resale by the company)
Tickets)
(4) Performance of work for the customer agreed upon by contract
(5) Services waiting to be able to provide goods or services (for example, when they become available)
unspecified updates to the software applied at the time) or used by the customer
Providing services that enable customers to use goods or services when they decide
(6) Services that arrange for goods or services to be provided to customers by other parties
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(e.g., acting on behalf of another party)
(7) Goods or services that the customer may resell or provide to the customer in the future.
Grant of rights to bis (for example, a company that sells products to a retail store may receive
Undertaking to transfer additional goods or services to individuals purchasing products)
(8) Construction, manufacture or development of assets on behalf of customers
(9) Grant of license
(10) Granting the option to acquire additional goods or services (rights for which such option is material);
to customers)
130. The customer may benefit from the goods or services on its own, or if the customer can easily
Benefit from goods or services only by combining other available resources
(Article
See Section 34(1)). Readily available resources are defined by companies or other
Goods or services sold independently by a company, or resources already acquired by a customer from a company (
Including goods or services that the business has already provided to customers under a contract. or other transactions or
is a resource that has already been acquired from an event.
Due to various factors, the customer can benefit from the goods or services alone.
or combine goods or services with other resources readily available to customers to benefit customers.
It may be shown that it can be received. For example, it means that a company has a particular good or
May be indicated by the fact that the service usually sells independently.
131. Whether the customer alone can benefit from the goods or services (Article
Refer to Section 34(1)
In determining the goods, consider how the customer will use the goods or services.
Without considering the characteristics of the goods or services themselves. Therefore, even if the customer is not a company
Even if the contract restricts the acquisition of readily available resources, so
No contractual restrictions are considered.
(5) Recognition of earnings through fulfillment of performance obligations
132.
The transfer of control under paragraph 37 means that the enterprise providing the goods or services, or the goods or
It can be determined from the point of view of the customer receiving the service, when the company loses control, or
Either when the customer gains control. Usually, the two points in time coincide, but the company
To ensure that you do not recognize revenue based on activities that do not coincide with the transfer of goods or services to
Consider the transfer of control from the point of view of the guest.
A good or service is an asset at the time of receipt and use, even if it is instantaneous. Capital
Control over production dictates the use of the asset and most of the remaining benefits from the asset.
Ability to enjoy all (preventing other companies from directing the use of assets and reaping benefits from them)
Including the ability to bald. (No.
Section 37), the benefit from the asset is defined by, for example, by:
Potential cash flows that can be earned, directly or indirectly (inflow or outflow)
-saving).
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(1) (1)
(2) Use of assets to increase the value of other assets
(3) Use of assets to settle liabilities or reduce expenses
(4) Sale or exchange of assets
(5) Insertion of assets as collateral for borrowings
(6) Ownership of assets
(Obligation to perform over a certain period of time)
134. Many service contracts require that the assets resulting from the services are consumed at the same time as the customer receives them.
And the assets generated by the performance of the company exist only instantaneously. This is because the service contract
In agreements, as the enterprise fulfills its obligations in contracts with customers, customers reap the benefits
(第
See paragraph 38 (1)).
135.
The requirements of Section 38(1) apply to contracts in which the customer does not immediately enjoy the benefits by the performance of the enterprise.
It is not intended to be and the performance of the company will result in assets such as work in process or the value of assets
For contracts that increase, the
Determine whether the requirements of paragraph 38 (2) or (3) are satisfied.
136.
In determining whether or not the requirements of paragraph 38(2) are satisfied,
Consider the provisions of paragraph 37
Ru. Increased assets or value arising from the performance of obligations under contracts with customers
Assets may be either tangible or intangible. For example, construction on a customer's land.
In the case of contracts, usually, the customer controls the work in process arising from the performance of the enterprise.
137. For some goods or services,
When it is difficult to meet the requirements of paragraph 38 (1) or (2)
Because there is a conjunction, the second
It sets forth the requirements of paragraph 38(3).
138.
In accordance with the requirements of paragraph 38 (3), by fulfilling the obligations of the enterprise in the contract with the customer,
The sole occurrence of assets that cannot be repurposed means that the customer has control over the assets.
It is not enough to determine that the enterprise has completed the fulfillment of its obligations in the contract with the customer
Add that you have the enforceable right to receive consideration for portions.
I It is a contract relating to a general exchange transaction that respects control over goods or services.
It is consistent with the customer being obligated to pay only if the customer earns.
(Progress in satisfying performance obligations)
139. Only within a certain period of time can progress in satisfying obligations of performance be reasonably estimated.
Recognize revenue for fulfilled performance obligations (Article
See section 44). Fulfillment of performance obligations
If it is not possible to reasonably estimate the degree of progress, the reliability of estimating the progress is
There is a lack of information.
3. Calculation of the amount of revenue
(1) Calculation of transaction price
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(Variable consideration)
(Variable consideration)
number
Paragraph 51
Teru). The mode is that the possible consequences of the contract are
If there are only two (for example, if you set the conditions for the surcharge to
(or not), which may be an appropriate estimate of the amount of variable consideration.
There is. The expected value is appropriate for the amount of variable consideration if you have many contracts with similar characteristics.
It may be a compelling estimate.
141. The information used to estimate the amount of variable consideration usually depends on the process of bidding and proposal and the goods or services.
It is similar to the information used by management in pricing (Article
See paragraph 52).
142. The mode method requires quantifying the results of unlikely scenarios in practice.
There is not. Also, regarding the method of expected value, in practice, companies have a large amount of data, and many
Even if you can identify the results of all scenarios, use a complex model to consider the results of all scenarios.
There is no need to worry. If the outcome and probability of a certain number of scenarios are available, it may occur.
It is often possible to reasonably estimate the distribution of results (
Clauses 51 and
See paragraph 52).
143. Uncertainty regarding the amount of variable consideration will be recorded by the time when it is resolved after the fact.
It is "likely" that there will be no significant reduction in revenue (Article
Section 54) means that
Compared to situations where there is a greater likelihood that there will be no significant reduction in revenue,
It is highly likely not to occur, and is comparable to "highlyprobable" in IFRS.
It shows the possibility.
In the 2017 Exposure Draft, IFRS
Regarding "highly probable" in issue 15,
It used the expression "very likely". Comments received on the 2017 Exposure Draft
Some were of the opinion that the extent of the potential of the expression should be clarified. Opinion
We have changed "very likely" to "likely", but the change is
is a change to the wording used in other national accounting standards, etc., and may be introduced from the 2017 Exposure Draft.
It is not intended to reduce the degree of.
(Important Financial Elements in Contracts)
144. An important financial element indicates that the promise of credit is specified in the contract or agreed upon by the parties to the contract.
may exist regardless of whether implied in the payment terms (
See paragraph 56).
(Consideration paid to the customer)
145. The consideration paid to the customer shall be paid to the company to another party that purchases the goods or services of the enterprise from the customer.
Including the consideration paid by (Article
See section 63). For example, a company may provide a product or distributor with a product or product.
A company may sell goods and subsequently make payments to the distributor's customers.
(2) Allocation of transaction prices to performance obligations
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(Allocation based on independent selling price)
(Allocation based on independent selling price)
number
Transaction price consistent with the provisions of paragraph 65
Estimate the independent selling price that will be the allocation of.
(Distribution of discounts)
147.
Except in cases where all of the requirements of paragraphs (71) to (1) of paragraph 3 are satisfied, all performance in the contract
Proportionally allocate discounts to duties (Article
Section 70) is a separate underlying good or service.
- allocate transaction prices to each performance obligation based on the ratio of the independent selling price of the vises;
Consistent.
(Allocation of Variable Consideration)
148. The variable consideration promised in the contract may be attributable to the entire contract or one of the following:
When attributable to a specific part of the contract as in (Article
See section 72).
(1) Among the obligations to perform in contracts
One or more (but not all) (For example,
The receipt of the surcharge transfers the goods or services promised by the company within the prescribed period.
If conditional)
(2)
Included in a single performance obligation identified pursuant to clause 32(2)
One or more separate goods
or services (e.g. 2 years of cleaning services
The price promised in the second year is
When the amount is increased based on changes in the prescribed inflation rate)
(3) Fluctuations in transaction prices
149. The transaction price may fluctuate for various reasons after the date of commencement of the transaction in the contract.
The goods or services promised due to the determination of uncertain events or other changes in circumstances
transfers to customers and exchanges include those that vary the amount of consideration that the company expects to obtain rights to
(第
See paragraph 74).
4. Contract assets, contract liabilities and receivables arising from contracts with customers
150. Receivables arising from a contract with a customer are those received by an enterprise in exchange for goods or services transferred to the customer.
Unconditional corporate rights to consideration taken (Article
See Section 12). Commitment to consideration
The right to work is unconditional when it is necessary before the deadline for receiving such consideration comes.
Refers to those that are only the course of. So, for example, the current right to the consideration received
If so, even if the amount may be refundable in the future,
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Recognize receivables arising from contracts with customers (Application Guidelines [Example 28]).
Recognize receivables arising from contracts with customers (Application Guidelines [Example 28]).
However, the request for payment to the customer indicates that the company has unconditional rights to consideration.
You may have unconditional rights to consideration when you are due to receive consideration instead.
Be.
Regarding "receivables arising from contracts with customers," the 2018 accounting standards are titled "receivables."
Although currently used, receivables are usually expressions that include receivables other than claims arising from contracts with customers.
Since it is believed that there is, the wording has been changed in the 2020 revised accounting standards (
Section 12
Reference).
150-2. The right of an enterprise to receive compensation from a customer is subject to the performance of the enterprise, and likewise, the enterprise
The right of the company arising from the contract with the customer, since it is performed only insofar as the customer pays.
Interests and obligations are interdependent. These interdependencies reduce the remaining rights and obligations to the balance sheet
In the contract, because it is best reflected by accounting and displaying the net amount in
The remaining rights and obligations are indicated in net amount, either as contract assets or contract liabilities.
Here, although the contract assets and contract liabilities arising from individual contracts are expressed in net amounts, the results and
Contract assets and contract liabilities arising from multiple contracts recognized shall be offset on the balance sheet.
Do not display.
150-3. The Accounting Standard for Construction Contracts to be abolished by the application of this Accounting Standard
Paragraph 17 states that "the construction progress criteria
As a result of application, the amount of unearned income recorded during the progress of construction will be regarded as a monetary claim.
handle." In the 2018 Accounting Standards, the Accounting Standards for Construction Contracts
Paragraph 17
It was to take over the treatment and treat the contracted assets as monetary claims. Also, like this
Accounting for allowances for doubtful accounts for unearned amounts recorded during the course of construction
The handling of science and foreign currency translation was clarified.
On the other hand, IFRS Article
Item 15 does not mention whether the contract asset falls under the category of financial asset.
Measure, display and disclosure of impairment of contracted assets is governed by IFRS Article
Vol.9 "Financial Instruments"
and
IFRS Article
Pursuant to item 7 "Financial instruments: disclosures", requiring that they be made on the same basis as financial assets.
I
In this regard, this accounting standard does not mention whether or not contract assets fall under monetary claims.
IFRS Article
Regarding the nature of the contract assets not necessarily referred to in Item 15, this accounting
It is possible to avoid unintended consequences that may arise from making it a monetary claim in the standard.
It is considered to be a noh. In addition, contract assets are goods or services transferred by a company to a customer
It is a non-unconditional right of an enterprise to the consideration received in exchange for (Article
See paragraph 10), unconditional.
Receivables arising from contracts with customers that are rights (Article
See section 12).
In light of these points, in the 2019 Exposure Draft, the 2018 Accounting Standards
Section 77 "Contract Assets
shall be treated as monetary claims and shall be treated in accordance with Financial Instruments Accounting Standards." Removed the description of
Proposed to remove. In addition, accounting for doubtful accounts related to contract assets shall be based on the Financial Instruments Accounting Standards.
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and Foreign Currency Conversion for Contract Assets Denominated in Foreign Currencies
proposes to apply the treatment of conversion of foreign currency-denominated monetary claims and liabilities in the Accounting Standards for Foreign Currency-Denominated Transactions, etc.
I planned.
and Foreign Currency Conversion for Contract Assets Denominated in Foreign Currencies
proposes to apply the treatment of conversion of foreign currency-denominated monetary claims and liabilities in the Accounting Standards for Foreign Currency-Denominated Transactions, etc.
I planned.
said
The 2019 Exposure Draft should clarify accounting for the disappearance of contract assets.
The accounting treatment of contract assets not stipulated in these accounting standards shall be carried out by the Financial Products Association of Japan.
It was decided to deal with receivables in accordance with the handling of receivables in the accounting standards, and to clarify that fact.
(No.
See paragraph 77).
(IFRS Article
Other than those based on the provisions of Item 15 and the basis of the conclusion)
1. Revenue recognition criteria
(1) Combination of contracts
151. Related parties in the provision of the binding of the contract (Article
Section 27) refers to the Companies Accounting Standards.
No. 11 "Seki
Accounting Standards for Disclosure of Joint Parties" means the related parties.
(2) Recognition of earnings due to fulfillment of performance obligations
152.IFRS
No. 15 defines the time of recognition of revenue as the acquisition of control of the customer over the goods or services.
It is said to judge (Article
See section 35). In the course of deliberation, the idea of this transfer of control was discussed.
Construction progress criteria measure performance on the basis of activities, and are related to the idea of transfer of control.
Some expressed concern that they were incompatible and that they were not consistent within the standards.
In this regard, IFRS Article
In the development process of No. 15, market participants approved the application of construction progress standards.
Concerns that failure to do so will result in the lack of useful information about the construction contract.
In response, the IASB maintained the idea of transfer of control and fulfilled it for a period of time.
It is said that the specific application to the construction contract under the framework of the obligation to perform has been organized.
The Committee considers these
IFRS Article
Taking into account the history of the development of No. 15 and its international comparability,
About construction contracts
IFRS Article
It was decided to incorporate the accounting treatment in No. 15.
(Progress in satisfying performance obligations)
153.IFRS
Under Item 15, it is not possible to reasonably estimate the progress of satisfying the performance obligation.
If it is expected to recover the costs incurred in satisfying the performance obligation, the performance
Until the progress related to the fulfillment of duties can be reasonably estimated, it will be processed according to the cost recovery standard.
It is supposed to be (Article
See section 45). In the process of deliberation, regarding this handling, the construction contract
Although there was an opinion that there was a risk of distorting such financial indicators and making it difficult to compare periods, the obligation to perform
A certain amount of revenue should be recognized to reflect the fact that the fulfillment of
IFRS Article
It is believed that it does not go so far as to deny the argument in paragraph 15, and IFRS
No. 15
It was decided to incorporate accounting treatment.
154. The Guidelines for the Application of Construction Contracts state that "construction contracts that are judged to meet the requirements of the applicable requirements of the construction progress standards.
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If the certainty of the results is lost due to a change in circumstances after the fact, the subsequent accounting treatment
Therefore, the construction completion standard will be applied." It had been said. In the course of deliberation, the accounting standard
Only when it is possible to reasonably estimate the progress related to the fulfillment of performance obligations, a certain
Recognize revenue for performance obligations that are fulfilled over the period of (Article
Section 44).
However, it indicates what to do when it becomes impossible to reasonably estimate the progress after the fact.
Opinions were heard asking for that.
In this regard, under these accounting standards, the degree of progress in satisfying performance obligations will be reviewed on each accounting day (
Paragraph 43
and whether or not the degree of progress can be reasonably estimated
It will be reviewed on a daily basis. In such review, the situation changes after the date of commencement of the transaction in the contract,
When it becomes impossible to reasonably estimate the progress of satisfying the performance obligation, the fulfillment
If it is expected to recover the costs incurred in the fulfillment of duties, the cost
Processing according to the collection criteria (Article
See paragraph 45).
IV..Opening
1. Indication
155. In the course of deliberation, the income from the contract with the customer shall be reported in the income statement with appropriate subjects.
It was considered that it would be difficult to make a judgment when deciding which subjects to display.
Therefore, there was an opinion that concrete guidelines should be presented. However, for the following reasons, the display subjects
It was decided not to provide specific guidelines for determining (Article
See paragraph 78-2).
(1) If we were to indicate specific labeling subjects, based on past practical practices, etc.,
Revenue generated from sales is "sales", revenue from the provision of services is "operating revenue",
It is conceivable to provide guidelines such as designating the income earned as a person as "commission income"
Ru. However, in current practice, revenues arising from the provision of services and agents
There are also companies that display the commission as "sales", and there are also multiple
When earnings of a nature are generated, companies that display them together in one display item, or companies that display multiple
There are also companies that display the number of subjects separately. Each of these display methods is
Depending on the industry and company, appropriate display subjects have been used according to the actual situation.
It is difficult to obtain a consensus on unifying certain display subjects.
It is considered.
(2) In the financial statements of overseas companies that apply international accounting standards, "Revenue" and "Relationship with customers"
We believe that various display items such as "revenue generated from contracts" and "sales" are used.
Be.
(3) It is considered that appropriate display subjects have been selected according to the actual situation.
In addition, the application guideline No.
Section 104-2 provides appropriate subjects of revenue arising from contracts with customers.
For example, it was decided to display sales, sales revenue, operating revenue, etc.
156.
In the 2019 Exposure Draft, "revenue derived from customer contracts" is defined as other revenues.
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or note the amount of revenue arising from contracts with customers.
and suggested. On the other hand, the scope of "revenue generated from contracts with customers" is not always clear.
There was an opinion that there was not. In this regard, this accounting standard
Listed in paragraph 3
With customers except 7 items
(Article
See Section 3),
number
Section 78-2, "Revenue derived from contracts with customers"
Listed in paragraph 3
With customers except 7 items
Refers to revenue arising from a contract, and the income is displayed separately from the other revenue in the income statement.
or note the amount of revenue arising from contracts with customers.
157. Under the 2018 accounting standards, revenues arising from contracts with customers in the income statement and financial requirements
Regarding the necessity of segmentation of elementary effects (interest income or interest expense), the 2018 Accounting Standards apply.
It was going to be considered by the time it was done.
In the process of deliberation on the 2020 revised accounting standards, unlike Europe and the United States, in Japan, monthly
There are not many practical practices where companies and customers check the incoming volume and the company bills customers on a monthly basis.
and even though there is no intention to provide financial elements, the promised goods or services are respected.
Between the time of transfer to the customer and the time when the customer pays
May be expected to be more than one year
Therefore, on the income statement, the influence of important financial factors arises from contracts with customers.
Opinions on the pros and cons of including it in earnings and requesting only a note of the impact.
Asked.
As a result of the review, the 2018 accounting standards include financial elements in consideration of international comparability, etc.
IFRS Article
The same process as No. 15 is to be carried out, and
In the income statement, revenue arising from contracts with customers is recorded including the impact of financial factors.
If noted, the international comparability of the financial statements may be impaired.
Therefore, under the 2020 revised accounting standards, on the income statement, is the contract with the customer?
The effects of earnings and financial factors generated by the results were to be displayed separately (Article
See paragraph 78-3).
With regard to the indication of the impact of financial elements that have been classified as
Since no method is specified, combined with the effects of other financial factors (interest income or interest expense)
Displaying and not making additional notes when displayed together is not prevented.
It is thought to be ugly.
158.IFRS
Receivables or contract assets arising from contracts with customers as required in Item 15
With respect to the disclosure of impairment losses recognized, IFRS
Impairment of Financial Assets in No. 9 "Financial Instruments"
and the provisions on allowance for doubtful accounts and losses in Japan are different.
Therefore, we judged that it would be difficult to request similar disclosure. Publication of 2020 Revised Accounting Standards
At this time, the Accounting Standards for Financial Instruments are being reviewed. Regarding such disclosure
This will be considered in conjunction with the revision of the Accounting Standards for Financial Instruments.
I decided to do it.
159. Under these accounting standards, the balance sheet for each of the contracted assets and receivables arising from contracts with customers.
If the table does not display assets separately from other assets, the balance of each asset is noted.
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(No.
See section 79).
Accounting Standard 2018
In paragraph 88,
Notwithstanding the provisions of paragraph 79, the loan of contract assets and receivables
It is possible not to classify and not note the respective balances on the balance sheet.
and the necessity of such classification and notes should be considered by the time the 2018 accounting standards are applied.
And it was. Based on this treatment, the revised accounting standards for 2020 stipulate that contract assets and customers
Each of the receivables arising from the contract must be shown separately from other assets on the balance sheet or
If the balance sheet does not show it separately from other assets, it is necessary to note the balance of each.
Considered.
Contractual assets are the schemes for the consideration that a company receives in exchange for goods or services transferred to its customers.
It is a non-unconditional right of karma (Article
See paragraph 10), arising from a contract with the customer, which is an unconditional right.
Jita receivables (Article
Section 12), receivables arising from contracts between contract assets and customers.
It is considered appropriate to request a classification indication or a note for . In addition, if the contract capital
If you do not require a classification or note of receivables arising from a contract between an industry and a customer,
Notes on Yes (No.
Paragraphs 80-20), but the note should be reduced as such.
This may undermine international comparability.
As a result of the review, IFRS Article
As in No. 15, each of the receivables arising from the contract assets and the contract with the customer
Separate from other assets on the balance sheet or separate them on the balance sheet.
If not displayed, the balance of each is noted. In addition, 2018 Accounting Standards
88
It was decided to delete the section.
2. Notes
(1) Notes on important accounting policies
160. Notes on Important Accounting Policies in the Commentary on Corporate Accounting Principles (Note
In 1-2), "In the financial statements,
shall note important accounting policies. Accounting policy is defined by companies to report income and lending.
Accounting adopted to accurately indicate the financial position and operating results of the balance sheet
Principles and procedures of processing and methods of presentation." It is said. However, "alternative accounting foundations
If the quasi is not permitted, the accounting policy note may be omitted." It is also
Ru. In addition, the Corporate Accounting Standards No.
No. 24
In paragraph 4 (1), "'Accounting policy' means the preparation of financial statements.
Refers to the accounting principles and procedures adopted in the process." It is defined as. In this way, already
Among the provisions regarding accounting policies, notes on revenue recognition based on this accounting standard and important meetings
Sort out these relationships, as there may be overlapping notes in the accounting policy.
It was.
161. In the course of deliberation of these accounting standards, the contents to be noted as important accounting policies shall be in principle.
Commentary on Corporate Accounting Principles and Corporate Accounting Standards
The enterprise shall judge in the light of No. 24, and what
falls under accounting policy and does not determine which accounting policy is an important accounting policy.
Considered.
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162. However, it is necessary to define the content to be noted as an important accounting policy, mainly for the following reasons:
The opinion that it is desirable was heard.
(1) To recognize earnings in accordance with the principles underlying these accounting standards
5 Steps to Book
Since it applies to all companies that apply accounting standards, the Accounting Principles of Business Accounting Principles
(Note 1-2) applies when alternative accounting standards are not permitted, and earnings recognition
Important accounting policy notes may be omitted.
(2) When a note on important accounting policies is written at the discretion of the company, it is necessary to describe the actual situation of the company.
While it is believed that it will be possible to make a statement in line with it, notes on important accounting policies and monetization
There may be differences between companies as to which of the notes on knowledge is included in the knowledgeable notes.
Sex is high.
163. In light of the opinion in the preceding paragraph, at least the notes are made as important accounting policies in these accounting standards.
It was decided to determine the contents of the agreement. In this regard, the companies that requested a note when the 2018 accounting standards were applied early
Details of major performance obligations in major businesses (Article
Section 80-14) and companies to fulfill their obligations.
Normal point in time to add (normal time to recognize revenue) (
See paragraph 80-18(1))
By including it in the policy, we will increase the comprehensibility of earnings users of financial statements.
Since they are considered to be the most useful, we request a note about them as important accounting policies.
(Article
See paragraph 80-2).
Note that the
Section 80-2(2) "at the ordinary time when the enterprise satisfies its performance obligations" and "recognizing revenues"
"Normal time in time" is usually considered to be the same. However, for example, the application guideline No.
In paragraph 98
When alternative treatment (handling of shipping standards, etc.) is applied, when both time points are different.
There is. In such cases, an important accounting policy is to establish an "ordinary point in time when earnings are recognized."
Note it.
164. In addition, the important accounting policy to be noted is
80-2
Limit yourself to two items
These are not intended to
Besides the two items included in the important accounting policy
The contents judged to be applicable will be noted as an important accounting policy (
Section 80-3
Reference).
165.
80-2 and
If you change the notes as important accounting policies pursuant to section 80-3,
Corporate Financial Reporting Standards No.
No. 24
Paragraph 4 (5) and Guidelines for the Application of Corporate Accounting Standards
No. 24 "Disclosure of Accounting Policy, Association
Guidelines for the Application of Accounting Standards for Changes in Accounting and Correction of Errors
Changes in accounting policy pursuant to paragraph 8
It is necessary to consider whether or not this applies.
(2) Notes on Revenue Recognition
(Purpose of disclosure)
166. In this accounting standard,
Based on the basic policy for developing the notes in Section 101-6,
Disclosure of comprehensive provisions for noting information on revenue arising from customer contracts
Indicated as an objective (Article
See paragraphs 80-4). Revenue recognition to achieve this disclosure objective
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As a note, the following items are indicated (Article
See paragraph 80-5).
(1) Revenue breakdown information
(2) Information that is the basis for understanding earnings
(3) Information to understand the amount of revenue for the current fiscal year and the following fiscal year and beyond
167. In this accounting standard, IFRS Article
To incorporate the notes required in Item 15 into the Accounting Standards
Per IFRS Article
In No. 15, it is more important to understand the intent of the individual notes.
Considered useful. The items listed in the preceding paragraph are related to the purpose of disclosure, that is, how to open it.
Based on whether it is expected that the stated objectives will be achieved, IFRS Article
Item 15 was reclassified.
It is a thing.
In addition, as a way to achieve the purpose of disclosure, IFRS Article
Referring to item 15, the items in the preceding paragraph
Although specific notes are stipulated in (Article
80-10 to
See paragraphs 80-24), IFRS
No. 15
As with handling notes, these notes should be used as a checklist for minimal notes.
It's not meant to be. Certain notes influence the decision-making of financial statement users
Whether or not it affects depends on the type of contract. Consider the necessary notes
Since it is considered that the materiality should be considered in light of the purpose of disclosure, this accounting
The standard clarifies that it is not possible to make notes on information of little importance (Article
805
See the section proviso).
168. The determination of whether or not a person is deemed to be of little importance in light of the purpose of disclosure is a quantitative factor.
and qualitative factors need to be considered. In that case, when judgment is made only by quantitative factors
Even if it cannot be said that there is no materiality, it is judged to be of little importance in light of the purpose of disclosure.
It is considered that it may be done.
How to write a note on revenue recognition
169.In Japan, notes shall be subject to the classification of individual notes as set forth in the individual accounting standards.
However, in describing the note on revenue recognition, this
It is not necessary to describe notes according to the classification of notes indicated in accounting standards (Article
See paragraph 80-7).
170. A note on revenue recognition is included in a structured manner that makes it difficult for users of financial statements to understand.
In light of the disclosure purposes of the note on revenue recognition, corporate earnings and
Write notes in a way that you believe is appropriate to understand cash flows.
It is conceivable. For example, in connection with the classification of revenue breakdown information, information on performance obligations, etc.
It is conceivable to describe the necessary items.
171. In addition, the details of the note on revenue recognition should be described in
It is considered that the company judges appropriately in light of the purpose of disclosure set forth in Section 80-4 (Article
See paragraph 80-6).
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If the note on revenue recognition is included in other notes in the financial statements.
If the note on revenue recognition is included in other notes in the financial statements.
number
If it is judged that it is suitable for the categories of decomposition of revenues indicated in paragraphs 80-10 (applicable
Guideline No.
Section 191) and other notes elsewhere in the financial statements.
It may be determined that the purpose of disclosure of the relevant note is satisfied. Also, a note for segment information
Notes elsewhere in the financial statements, such as showing revenue breakdown information included in the notes
It is important to include what is required as a note on revenue recognition in relation to the
It may be judged that it contributes to the understanding of table users.
173. In the circumstances set forth in the preceding paragraph, the contents to be stated as a note on revenue recognition,
If included in other notes in the financial statements, see such other notes.
It was decided that it could be (Article
See paragraph 80-9).
(Revenue breakdown information)
174. Revenues derived from contracts with customers, as recognized in the income statement, shall be derived from various goods or services.
- may arise from transfers of services and contracts involving different types of customers or markets;
Because of the combined amount resulting from many contracts with customers. Under these accounting standards, the recognition for the current fiscal year
To help financial statement users understand the breakdown of revenue generated from contracts with customers
(
See paragraph 80-10).
175.IFRS
In Item 15, the purpose of disclosing revenue breakdown information is to disclose revenue recognized from contracts with customers
The nature, amount, timing and uncertainty of earnings and cash flows are economically important.
It is supposed to be to break down into categories that describe whether it is affected by a cause. In light of this
In this accounting standard, IFRS
Referring to Issue 15, how to note revenue breakdown information
It was decided to determine whether (Article
See paragraph 80-10).
176. IFRS Article
No. 15 explains in detail what "economic factors" mean.
Unrevealed. In addition, IFRS Article
In No. 15, the most useful breakdown of earnings is the various
Depends on company-specific or industry-specific factors, so it should be used as a basis for decomposing earnings
It is said that no specific factors have been determined.
where IFRS Article
No. 15 serves as a guideline for understanding the meaning of "economic factors."
Communication with users of categories and financial statements used by companies for performance evaluation purposes
It is to take into account the categories disclosed in . It is also suitable as revenue breakdown information.
Examples of categories that may be cut off are shown.
177.In this accounting standard, as an example of such a classification of contracts, IFRS
Same as No. 15
It was decided to establish the guidelines of the application guidelines (application guidelines No.
106-3 to
106-5).
178. Revenue breakdown information may be disclosed in a single category or in multiple categories.
(e.g., decomposition of revenue by product and decomposition of revenue by region)
Be. On the other hand, the nature, amount, timing and uncertainty of corporate earnings and cash flows are overshadowed.
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To make it clear that it is not necessary to consider all of the factors that affect the impact, the accounting standard states:
We sought information on revenue breakdown by segmentation based on "key" factors.
To make it clear that it is not necessary to consider all of the factors that affect the impact, the accounting standard states:
We sought information on revenue breakdown by segmentation based on "key" factors.
179. Article
80-12 to
Section 80-19, "Information Fundamental to Understanding Earnings" includes
Contains information that is fundamental to financial statement users to understand the revenue recognized by the business. "Revenue
"Foundational Information for Understanding"
Steps in Section 17
Step from 1
Related to 5
and note the following information:
(1) Information on contracts and performance obligations (step
1 & Step
2）
(2) Information on calculation of transaction price (step
3）
(3) Information on the calculation of the allocation amount to the performance obligation (step
4）
(4) Information on the time of fulfillment of performance obligations (step
5）
(5) Important decisions in the application of these accounting standards
180. The information to be noted in the information underlying the understanding of revenue is defined as the
and how they are reflected in the items in earnings and related financial statements.
It discloses information about. In describing this information, we simply use these accounting standards, etc.
Rather than describing the handling of the company, make it possible to understand the situation of the company
It is considered that it will disclose useful information to users of financial statements.
Information on contracts and performance obligations (steps)
1 & Step 2)
181. Article
80-13 to
In paragraphs 80-15, "Information on Contracts and Performance Obligations,"
Information to understand what contracts arise from items that we recognize as benefits
It is to be noted. This information includes other notes in the note on revenue recognition.
It also includes information necessary to understand. These accounting standards state that "information on contracts and performance obligations"
Focusing on the obligations and rights of companies arising from contracts,
(1) "Information on performance obligations"
and (2) "Information on important payment terms" and describe each of the classified
Examples of contents to be posted or related contents are shown.
182. Enterprises shall identify contracts and performance obligations based on the content of goods or services promised to customers.
Determine metering. number
"Details of the obligation to perform" to be noted as information about the performance obligation in paragraphs 80-14
Information that helps the company understand its performance obligations in contracts with customers, i.e., information that allows the company to provide customers with
the content of the goods or services undertaken to be transferred and the amount of revenues and cash flows;
It discloses information that forms the basis for understanding the timing and uncertainty. Although
In this accounting standard, the "content of performance obligations" is stated in the notes of important accounting policies.
(No.
See Section 80-2(1)).
183. In addition, under these accounting standards, the contract contains the following and
If there is a material impact on the amount, timing and uncertainty of cash flows, the information will be provided
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Since it is considered that it is useful to understand the company's earnings and cash flows,
It is exemplified as a note (No.
See paragraph 80-14).
(1) Obligation to perform by arranging for goods or services to be provided to customers by other parties;
(2) Returns, refunds and other similar obligations
(3) Guarantees and related obligations for goods or services
184. "Information on material payment terms" is information about the right of the enterprise to the consideration and is related to the support
If there is a contract where the payment terms have a material effect mainly on the amount of revenue and uncertainty,
It is conceivable to describe the contents of the contract.
185. In addition, the Company has the following contracts, and the amount and timing of revenues and cash flows:
and, if uncertainty has a material impact, include information on important payment terms.
is considered useful for understanding the company's earnings and cash flows, and therefore is therefore important
The description of conditions is exemplified in this accounting standard (Article
See paragraph 80-15).
(1) Contracts whose consideration may fluctuate
(2) Contracts to which provisions on restrictions on estimation of variable consideration apply
(3) Contracts that contain important financial elements
Information on Calculation of Transaction Prices (Step 3)
186. Article
Section 80-16, "Information on Calculation of Transaction Prices" states that "Contracts and performance obligations
Based on the information you provide in the "Information" section, it helps you understand how the transaction price was calculated.
Disclose information.
187. The enterprise has a contract that includes variable consideration, and the contract determines the amount of revenue and
If uncertainty has a significant impact, etc., the transaction price in the contract will be estimated.
Disclosing information on the methods, inputs and assumptions used by the Company is a good way to improve the company's earnings and
It is considered useful for understanding the amount, timing and uncertainty of yash flows. number
80-16
The section also describes for what items such information may be disclosed.
And here is an example.
Information on Calculating the Allocation to Performance Obligations (Step 4)
188. Article
In paragraphs 80-17 of "Information on the Calculation of Allocations to Performance Obligations" states that "Contracts and Fulfillments
Understanding the calculation of the allocation amount to the obligation to perform the transaction price based on the information provided in "Information on Duties"
Note useful information.
189. If a company has a contract consisting of multiple performance obligations, the transaction price will be distributed to the performance obligation.
Where there is a contract that has a significant impact on the amount, timing and uncertainty of revenue in relation to the minute.
As with "Information on Calculation of Transaction Price", the method used to allocate the transaction price, b.
Notes on information on put and assumptions may be noted. Also, the second
In paragraphs 80-17, which
Here is an example of how it is possible to note this information for items such as
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It is.
It is.
190. Article
In paragraphs 80-18, "Information on the time of fulfillment of performance obligations" states that "contracts and performance obligations
Information to be used to determine the information at the normal time when the company fulfills its performance obligations (recognize revenue)
Information on how to judge and how it is accounted for at a normal time
Note. In this accounting standard,
80-18(1) states, "At the ordinary time of satisfying the obligation of performance.
at the ordinary time when profits are recognized)" as an important accounting policy (Article
80–2(2)
Reference).
Important Decisions in the Application of the Accounting Standards
191. The GAMS does not require the application of the Accounting Standards to be made in the course of applying these Accounting Standards to be determined by the customer and
note what has a significant impact on determining the amount and timing of revenue arising from the contract of
and (Article
See paragraph 80-19).
IFRS Article
In paragraph 15, IFRS
Important judgments and changes in judgment in the application of Item 15
Matters that are particularly required to be noted are "the timing of fulfillment of performance obligations" and "transaction prices and footwear"
The judgment and change of judgment used in determining the "amount to be allocated to administrative obligations" are listed. If the company
Based on the matters or contents listed in "Information that Serves as the Basis for Understanding Earnings"
If noted, the items of judgment and change of judgment made when applying this accounting standard are
Since it is considered unnecessary to establish and state it again, in this accounting standard,
Section 80-19
It was decided not to specify again in the "Important Judgments on the Application of this Accounting Standard" section.
(Information to understand the amount of revenue for the current fiscal year and the following fiscal year and beyond)
Outstanding balance of contract assets and contract liabilities, etc.
192. This accounting standard provides for notes on the balance of contract assets and contract liabilities (Article
See paragraphs 80–20). In the process of deliberation of these accounting standards, notes on the balance of contract assets and contract liabilities, etc.
Regarding the preparation of financial statements, the note is made by disclosing the note, in particular quantitative information.
concerns about the burden of the strike and whether the note will disclose useful information;
Doubts were raised.
IFRS Article
In the process of developing No. 15, the sum of contract assets and contract liabilities from the beginning to the end of the period
It was proposed to disclose the adjustment of the amounts in tabular form, but IFRS
In issue 15, in tabular form
It does not require disclosure, but describes material changes in contract assets and liabilities.
Was.
In this accounting standard as well, by requesting a note on the balance of contract assets and contract liabilities, etc.
or a practical burden, but the note will disclose useful information;
In addition, as with IFRS, the total amount of contract assets and liabilities from the beginning to the end of the period is adjusted in tabular form.
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By not requiring annotations, consideration is given to practical burdens, and this
In such circumstances, if additional measures are stipulated to mitigate disclosure, the balance of contract assets and contract liabilities, etc.
As the usefulness of the information may be reduced, the IFRS Article
No. 15
In the same way, it was decided to note the balance of contract assets and contract liabilities (
See paragraphs 80–20).
Transaction price allocated to remaining performance obligations
Consideration of whether to provide a note on the transaction price allocated to the remaining performance obligation
193. Note of transaction prices allocated to remaining performance obligations (hereinafter referred to as "Notes on Remaining Performance Obligations"). About
Opinions were heard on the inclusion of the accounting standard in the note as follows:
(1) Have an unfulfilled performance obligation in order to disclose the note of remaining performance obligation as accounting figures
Information about all contracts (information about when you expect to recognize them as revenue)
Including news. It takes time and cost to build a system and internal process for collecting.
Ru.
(2) Information for investors (IR) and securities reports that state "Financial position and management by management
Analysis of results and cash flow (MD&A)" and other information on order results
It is posted. Such information is sufficient for investors, and the provisions of the notes of this accounting standard
It is considered that it is not necessary to provide it as a reason.
194. Based on the opinion in the preceding paragraph, we will consider whether to include a note on residual performance obligations in this accounting standard.
Other.
The note of residual performance obligations is the amount and time of the amount of revenue that the company expects to recognize from the existing contract.
It discloses information about the period and is useful for predicting the future earnings of the company.
It is something to be disclosed. In this regard, the note on residual performance obligations states that "the revenue arising from the contract with the customer.
The nature, amount, timing and uncertainty of gains and cash flows must be understood by users of financial statements.
The company discloses sufficient information to ensure that
Circumstances suitable for the purpose of disclosure in Section 80-4
It is considered to be a reward.
In addition, the note on residual performance obligations is provided in IFRS Article
There is a practical burden even in Item 15.
is recognized, and requires such a note after establishing certain practical expediency.
Be. In addition, in the practice of note of residual performance obligations in financial statements based on international accounting standards,
In light of the purpose of disclosure, the company shall, in light of the purpose of disclosure, the contents of the notes in line with the contents of the company's business and contracts.
The description method has been decided.
This accounting standard also permits certain practical expediency methods, and that companies
To determine the content of the note and the method of inclusion in accordance with the company's business and contract content.
Compared to requiring a uniform note for all businesses and contracts,
The burden on the note of the residual performance obligation is expected to be reduced to some extent.
IR and
In response to the opinion that the information contained in the MD&A is sufficient, please refer to the information outside the financial statements.
Since there is no definition of "order" for the order results listed, they are included in the order results.
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The scope of the contract and the method of calculating the amount are not always clear, and comparability with other companies is impaired.
It is considered that there is a possibility that it will be.
The scope of the contract and the method of calculating the amount are not always clear, and comparability with other companies is impaired.
It is considered that there is a possibility that it will be.
number
of the same residual performance obligations as in Item 15
It was decided to establish a note (Article
See paragraphs 80-21). Regarding the note on the residual performance obligation,
In consideration of the response to the disclosure, the way of thinking when making a judgment in light of the purpose of disclosure
Described in section 205
Ru.
number
Practical expediency in paragraphs 80-22(1)
195.
Section 80-22(1) states that the originally anticipated contract duration is
Performance as part of a contract of up to one year
It allows the duties to be excluded from the note of residual performance obligations. IFRS Article
In No. 15
number
The practical expediency corresponding to paragraph 80-22(1) was established in the preparation of a note on residual performance obligations.
To reduce the burden on the strike, and disclosure of residual performance obligations is limited to the long-term contract.
It is said that this is because of the opinion that it is decisively important. Deliberation on these accounting standards
In the process of applying the practical expediency method, it is expected to be recognized from the existing contract.
Since information on future earnings will not be fully disclosed, earnings will be recognized in the following fiscal year.
Based on the analysis of the fixed amount and comparison with the revenue of the current fiscal year, you already have a contract for how many years as of the settlement date.
It is insufficient to conduct analysis, etc., and the usefulness of the information may be limited.
The opinion that there is was was heard.
196.IFRS
As indicated in No. 15, the Remaining Performance Obligation Note has a long-term contract
It is considered to be important information when evaluating companies that have business. Such enterprises
Then, the contract period initially expected is
It is useful to note that contracts of less than one year are also included.
Therefore, in the process of deliberation of this accounting standard,
Practical Matters 80-22(1)
No expediency (i.e., if the originally expected contract period is
Note including contracts within one year
Ru. It was also considered. However, there are concerns about the practical burden of the note.
In the midst of these requests, it is difficult to establish a stricter note than international accounting standards.
It is thought to be.
197. Article
In the case of the introduction of the practical expediency method referred to in paragraph 80-22(1), the goods or products in particular in response to short-term orders.
For companies that recognize profits at the time of shipment, it will greatly reduce the operational burden.
Therefore, in the inclusion of the Residual Performance Obligation Note in this accounting standard, IFRS
No. 15
As well as the second
It was decided to establish a practical expediency under paragraphs 80-22(1). If the expediency law is applied,
Although the usefulness of the Residual Performance Obligations Note may be diminished, it is not possible to ensure that the Note is
It is considered to be suitable for the requests of users of financial statements, which can be important information.
198.
Whether or not to adopt the practical expediency of Section 80-22(1) is voluntary.
In light of the purpose of disclosure of knowledge, the contract period initially expected is
Note including contracts within one year
If you decide that it is more useful to write it, the contract period originally expected is
Within 1 year
It is considered desirable to note that the contract is also included.
-52
number
Act
199. Output in estimating the progress of performance obligations to be fulfilled over a certain period of time
Where the law is applied, in principle, based on the ratio of goods or services promised in the contract
It will estimate the value to the customer of the goods or services transferred to date. To this point
Therefore, in the application guidelines, as a practical expediency in the output law, to date,
Receive from the customer an amount of consideration that directly corresponds to the value to the customer for the completed portion.
If you have the right to be robbed (e.g. charge a fixed amount based on the time of the service provided)
(Contracts etc.) that acknowledge the recognition of earnings in the amount to which they have the right to claim (applicable
Guideline No.
19). In addition, IFRS Article
In Item 15, the applicable guideline
The provisions equivalent to paragraph 19 apply.
There is a practical expediency law that allows withdrawal to be excluded from the note of residual performance obligations.
Necessary.
200. Applicability Guidelines
In transactions to which paragraph 19 applies, the goods or services transferred to date
It is not necessary to calculate the total transaction price of the contract to estimate the value to the customer.
With respect to the Notice of Residual Performance Obligations of
IFRS Article
Do not establish practical expediency as stipulated in Item 15.
In such cases, it will be required to calculate the total transaction price for the purposes of the note.
The benefits of calculating the total transaction price for the purposes of a note in such a contract are limited.
Therefore, even in this accounting standard, IFRS
As with No. 15
80–22(2)
It was decided to establish a practical expediency.
number
Practical expediency in paragraphs 80-22(3)
201.
In Topic 606,
In addition to the practical expediency in paragraphs 80-22(1) and (2), one of the following
Variable consideration that satisfies the conditions may also be excluded from the note to the residual performance obligation.
Practical expediency is provided.
(1) Royalties based on sales or usage (Applicable Guidelines
67)
(2)
Pursuant to the requirements of paragraph 72, a fully unfulfilled performance obligation (or
Pursuant to paragraph 32(2)
Included in a single identified performance obligation
Of one separate good or service, it is completely unpaid.
Variable consideration allocated to satisfactory goods or services)
In addition, what may not be included in the note of residual performance obligations is that the variable part
It is said that the fixed part is subject to note.
202. In Topic 606, the above practical expediency was added to the following paragraph:
Practical flights under paragraphs 80-22(2)
As with the law, for which an estimate of variable consideration is not required at the time of recognition of revenue, the
It is said that this is to avoid the fact that an estimate will be required for the sake of the only reason. This
Regarding the practical expediency of et al.,
Similar to the practical expediency in paragraphs 80-22(2), for note only
In order not to require a company for an estimate that is not required at the time of recognition of revenue, this accounting base
It was decided to include it as quasi-native.
-53
Note if you do not include anything in the Residual Performance Obligation Note
Note if you do not include anything in the Residual Performance Obligation Note
number
Where there is something not included in the note of residual performance obligations in section 80-21
In addition, it ensures comparability between companies and helps to understand the amounts contained in the note of residual performance obligations.
It is to make certain notes so that it can stand (Article
80-23 and
See pp. 80-24). number
80-23
The clause contains the amount of consideration not included in the note of residual performance obligations (e.g.,
of variable consideration pursuant to paragraph 54
If the estimate is restricted), it is requested to note to that effect. S
T, No.
The first sentence of paragraphs 80-24 reads:
Note on the use of practical expediency in paragraphs 80-22(1) to (3)
It is something to be reckoned with.
204. In this accounting standard,
Clauses 201 and
As stated in Section 202, with respect to the note on residual performance obligations.
It also includes the practical expediency set forth in Topic 606 (
See paragraphs 80-22(3)).
Accordingly, when practical expediency based on Topic 606 is applied,
It was decided to ask for a note (No.
See paragraphs 80-24, below).
The unit that determines whether or not to include it in the note of residual duty of performance
205. The Residual Performance Obligation Note is intended to evaluate companies whose business has long-term contracts.
It is important information (Article
See section 196). However, a company may have more than one business.
Depending on the business, they may or may not have long-term contracts on a daily basis.
Therefore, the second
For the purposes of disclosure in paragraph 80-4,
Decide whether to include it in the note in sections 80-21
In doing so, the
For each unit (decomposition category) that classifies revenue decomposition information in paragraphs 80-10 (multiple
If a number of decomposition classifications are used, the combination of decomposition classifications) or judge for each segment
It is also conceivable.
In addition, a specific decomposition classification (combination of specific decomposition classifications) or a specific segment
Only for residual performance obligations
If it is decided to include it in the note to paragraphs 80-21,
80-21
It is conceivable to note the decomposition classification included in the note.
3. Indications and notes in non-consolidated financial statements when consolidated financial statements are prepared
206. Until now, the Committee has generally agreed to treat accounting when developing accounting standards, etc.
has been developed to apply equally to both consolidated and non-consolidated financial statements.
However, for the points to be noted, for each individual accounting standard,
We have determined the extent to which the content will be incorporated.
On the other hand, for non-consolidated financial statements prepared under the Financial Instruments and Exchange Act, 2013
March
20 days
The Business Accounting Council published "Immediate Approach to International Financial Reporting Standards (IFRS)
Policy" has been simplified.
207. Presentation and Notes on Non-consolidated Financial Statements in the Case of Preparation of Consolidated Financial Statements under these Accounting Standards
Regarding matters, the purpose of the simplification, the status of earnings in the individual financial statements by the user of the financial statements.
-54
Considering the viewpoint of being able to analyze and the burden on the preparer of financial statements,
80-2 and
803
In addition to the important accounting policies listed in the paragraph,
80-5(2) "To understand earnings"
information underlying the "information" (Article
See paragraph 80-26).
V..Timing of application, etc.
1. Timing of application
208. The Revised Accounting Standards of 2020 primarily address revenues arising from contracts with customers.
It is to amend the provisions of the The 2018 accounting standards provide that with respect to revenues arising from contracts with customers,
It mainly stipulates accounting treatment, but when it will be applied when the 2020 revised accounting standards are announced.
Not greeted. The relevant accounting treatment and the provisions of the Notice and Notice shall apply at the same time.
Since it is considered appropriate to do so, the 2020 revised accounting standards are also
2021
March
1
It was decided to apply from the beginning of the consolidated fiscal year and the fiscal year commencing on or after the date (
See paragraph 81).
209. In addition, companies that have adopted the 2018 GAAP early will adopt the revised 2020 GAAP early.
Without needing or applying the 2018 accounting standards
There is a need for early adoption of the 2020 revised accounting standards
Because it is thought that there is, 2020
March
Consolidated fiscal year and fiscal year period commencing on or after January 1
From the neck
The 2020 revised accounting standards can be applied (Article <>
See paragraph 82).
210. In addition, taking into account the needs of companies whose fiscal year ends at the end of December, etc., 12
March
Ends on 1 day
From the consolidated fiscal year and the fiscal year
2021
March
Consolidated fiscal year and fiscal year ending on March 30
From the consolidated financial statements and non-consolidated financial statements for the end of the fiscal year up to
Subject to the 2020 Revised Accounting Standards
It was decided that it could be used. In this case, from the viewpoint of ensuring comparability, early application
Quarterly (or interim) consolidated financial statements and quarters for the fiscal year following the consolidated fiscal year and fiscal year
(or interim) non-consolidated financial statements, quarters of the consolidated fiscal year and fiscal year applied earlier
(or interim) consolidated financial statements and quarterly (or interim) non-consolidated financial statements, 2020 Revision Board
It was decided to apply the accounting standards retroactively to the beginning of the fiscal year (
See paragraph 83).
2. Transitional measures
(1) Without applying the 2018 GAAP
Transitional Measures for the Application of the 2020 Revised Accounting Standards
(Transitional measures inherited from 2018 accounting standards)
211.IFRS
No. 15 and
Topic 606 reduces the practical burden in the first year of application.
To this end, various transitional measures have been provided. In the 2018 accounting standards, the first year of application
In order to reduce the practical burden on IFRS.
No. 15 and
Transitional measures based on Topic 606
It was decided to determine the placement (Article
Paragraphs 84 to
See paragraph 86).
In addition, companies (or their consolidated subsidiaries) that apply IFRS or U.S. GAAP to their consolidated financial statements.
in the company's separate financial statements.
When the 2018 GAAP is applied, the actual
In order to reduce the burden on the workforce, IFRS
No. 15 or
Apply any of the transitional measures in Topic 606
It is stipulated that
It was decided to include it in the 2018 accounting standards. In addition, IFRS consolidated goods
-55
A company (or its consolidated subsidiaries) that applies to the statements for the first time is included in the company's individual financial statements.
2018
When applying accounting standards, in order to reduce the practical burden on the company concerned, IFRS
1
Provision that transitional measures with respect to earnings in the subparagraph may be applied
2018 GAAP
It was decided to include (Article
See paragraph 87).
212.2018 Accounting Standards refers to the transaction price and the right of an enterprise to transfer and exchange goods or services to a customer.
The amount of consideration expected to be profited (excluding the amount to be collected for third parties) (Article
47
Consumption tax, etc. on sales in Japan is paid by the customer to a third party.
Since it corresponds to the amount to be earned, it is not included in the transaction price under the 2018 accounting standards.
In response to the 2017 Exposure Draft, tax-exempt transactions accounted for a major part and were recognized as burdens of consumption tax, etc.
For these reasons, companies that adopt tax-inclusive methods such as consumption tax should accept the tax-inclusive method.
There was an opinion that there is. If, as a result of deliberations, the tax-included method is approved,
It would make exceptions to the definition of transaction prices, and tax-exempt transactions would be a major part of the transaction.
Alternative treatment due to reasons such as the lack of importance of the amount of consumption tax, etc. on sales of companies
It was decided not to decide.
However, in the first year of application of the 2018 accounting standards, the accounting treatment of consumption tax, etc. will be changed from the tax-included method to tax.
In the case of changing to the extraction method, the past period as a change in accounting policy due to the revision of accounting standards, etc.
The acquisition cost of fixed assets, etc. for which consumption tax is included will be revised, but it will be revised for a considerable period of time.
It is expected that it will be necessary to obtain information and that practical response will be difficult.
Consumption tax from the acquisition cost of fixed assets, etc. for which consumption tax, etc. is included before the beginning of the first year of application
It was decided that the amount equivalent to the etc. could not be deducted (Article
See paragraph 89).
(Transitional measures added in the 2020 revised Accounting Standards)
213.
When the 2020 Revised Accounting Standards are applied, in the first year of application of the 2020 Revised Accounting Standards,
If paragraph 89-3 is not provided, in the comparative information for the first year of application,
Section 78-2, §
Section 79
Note that & No.
80-2 to
When you are required to note the contents described in paragraphs 80-27
There is.
However, for the following reasons, obtain information about notes on comparison information for the first year of application:
Since it may be cumbersome in practice, we will consider the burden on such practice, 2020
In the first year of application of the revised Accounting Standards,
Section 78-2, §
Paragraph 79 Note and
80-2?
et al.
The contents of paragraphs 80-27 may not be noted in the comparative information of the first year of application.
(第
See paragraph 89-3).
(1) The 2020 Revised Accounting Standards mainly indicate and note revenues arising from contracts with customers.
To revise the provisions of the article, but to obtain and aggregate information about the note
There is a need to change business processes, including business management and system support in companies.
May occur.
(2) Revised accounting standards in 2020
2021
March
For consolidated fiscal years and fiscal years commencing on or after the 1st
-56
Applied from the beginning of the period (
Section 81), for comparative information for the first year of application.
even if
Revised Accounting Standards 2020
Section 78-2, §
Paragraph 79 Note and
80-2 to
Section 80-27
In the case of requesting a note on the matters stipulated in the above, the preparation period may not be sufficient, and the practice
The burden on the above may be large.
(3) In the first year of application of the 2020 revised Accounting Standards, the new accounting policy shall be applied for the past period.
While the principle is to apply retroactively, a new
The cumulative impact of retroactive application of accounting policies in the first year of application shall be calculated at the beginning of the first year of application.
A new accounting policy can be applied from the balance at the beginning of the period by adding or subtracting from the retained earnings.
(No.
See proviso to paragraph 84).
214.IFRS
In the transitional measures referred to in Item 15, if the practical expediency law is applied retroactively,
Qualitative assessment of the practical expediency applied and the estimated impact of each application of the expediency
It is required to disclose the value to the extent reasonably possible.
In Japan standards, the Enterprise Accounting Standards
No. 24
By transitional treatment in paragraph 10 (3)
In the case of accounting, it is required to note to that effect and a summary of the transitional treatment.
Because the second
83-3 to
If the transitional measures in paragraph 89 are used, a note should be outlined.
Need. On the other hand, a qualitative assessment of the estimated impact of each application of the transitional measures.
Since the note is considered not necessarily necessary for the following reasons, the transitional measures are established.
It was decided that there was not.
(1) Corporate Accounting Standards
Item 24 relates to changes in accounting policies due to revisions to accounting standards, etc.
I didn't ask for a similar note.
(2) The estimated impact of each application of transitional measures can usually be quantitatively calculated.
Considering that it is not possible, we believe that the usefulness of the note may not be high.
Be.
(3) Such notes are required only in the first year in which the 2020 revised accounting standards are applied.
Therefore, even if such a note is not required, international comparability is greatly impaired.
It is not considered to be.
215.IFRS
Issue 15 IFRS
Recognize the cumulative impact of the commencement of application of Item 15 on the effective date
In the case of retroactive application of the method, each indication item of the financial statements shall be applied in the current reporting period
IFRS Article
Suitable for No. 15
Transitional measures require disclosure of the amount affected by the use and the reasons for the significant fluctuations.
Revised Accounting Standards 2020
Apply the method set forth in the proviso to paragraph 84 and commence the first year of application.
The cumulative impact of retroactive application of the new accounting policy in the first year of application shall be calculated as the
If a new accounting policy is applied from the balance of the beginning of the period by adding or subtracting retained earnings at the beginning of the period, the Japan basis
In the Enterprise Accounting Standards
No. 24
Paragraph 10(5) allows for practical calculations, impacts.
The amount of impact on the main items displayed in the financial statements will be noted. However, financial
Each item displayed in the table is displayed in the current reporting period.
Amounts affected by the application of the 2020 Revised Accounting Standards
and no note has been requested as to the reason for the significant change.
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In this regard, it is considered that useful information may be disclosed by requesting such a note.
Accounting Standards for Business
Item 24 provides the same for changes in accounting policies due to revisions to accounting standards, etc.
Not asking for notes. In addition, the Corporate Accounting Standards No.
No. 24 is the accounting policy accompanying the revision of accounting standards, etc.
Requested note of the amount of impact on the main presentation items in the financial statements affected by the change
and comparability with the figures in the financial statements displayed as comparative information for the first year of application is ensured
It is considered to be. In addition, the note applies only for the first year in which the 2020 revised accounting standards apply.
Even if the note is transient and does not require such a note, the international comparison
The potential is not considered to be greatly impaired. Based on these, the 2020 revised accounting
In terms of standards, IFRS Article
It was decided not to establish the same transitional measures as in Item 15.
(2) After applying the 2018 GAAP
Transitional Measures for the Application of the 2020 Revised Accounting Standards
216.
For the same reasons as in paragraph 213,
Section 78-2, §
Paragraph 79 Note and
80-2 to
80-27
It was decided that the contents described in the paragraph may not be noted in the comparative information of the first year of application (
894
section).
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Other accounting standards, etc. due to the publication of the 2020 revised accounting standards
correction
Other accounting standards, etc. due to the publication of the 2020 revised accounting standards
correction
Corporate Financial Reporting Standards No.
Vol.9 "Accounting Standards for Valuation of Inventories"
Section 31:
Inventories include under-construction expenditures and other items in progress for custom production and contract work.
Rare. Accounting of the contractor regarding profits related to construction contracts and made-to-order software
Processing and disclosure are subject to the revision of the Companies Accounting Standards in 2020.
Issue 29 "Revenue Recognition"
Accounting Standards".
