Accounting Standards Board of Japan
Financial Accounting Standards Foundation
Sustainability Standards Board of Japan

ASBJ issues revised some Accounting Standards, following the issuance of the Accounting Standard for Accounting Changes and Error Corrections

The Accounting Standards Board of Japan (ASBJ) has today issued the following revised pronouncements mainly in response to the issuance of the Accounting Standard for Accounting Changes and Error Corrections and related matters:

  • Revised Accounting Standard for Statement of Changes in Net Assets (ASBJ Statement No.6 (Revised in 2010))
  • Revised Accounting Standard for Quarterly Financial Reporting (ASBJ Statement No.12 (Revised in 2010))
  • Revised Accounting Standard for Disclosures about Segments of an Enterprise and Related information (ASBJ Statement No.17 (Revised in 2010))
  • Revised Guidance on Accounting Standard for Statement of Changes in Net Assets (ASBJ Guidance No.9 (Revised in 2010))
  • Revised Guidance on Accounting Standard for Quarterly Financial Reporting (ASBJ Guidance No.14 (Revised in 2010))

The main purpose of those amendments is to adjust the existing standards to the Accounting Standard for Accounting Changes and Error Corrections (ASBJ Statement No.24) issued in December 2009, mainly with regard to the treatments for retrospective application. Another purpose of the amendments is to introduce presentation of comprehensive income in quarterly financial reports, following the Accounting Standard for Presentation of Comprehensive Income (ASBJ Statement No.25) issued today.

These documents are available in Japanese only.