ASBJ issues Accounting Standard for Presentation of Net Assets in the Balance Sheet and its Implementation Guidance

The Accounting Standards Board of Japan (ASBJ) has today issued an Accounting Standard – ASBJ Statement No. 5 Accounting Standard for Presentation of Net Assets in the Balance Sheet and its Implementation Guidance – ASBJ Guidance No. 8 Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet.

The document is available in Japanese.

The summary is available here in English.