アリア　知恵の輪

New accounting standards will be applied from the year ended March 31 2012, which is “accounting standards of changes in accounting policies and errors.” They will need a note for the new accounting standards which is not applied to the financial statements for the year-end disclosure. The items below should be disclosed.

1. The name of new standards and its overall explanation
2. Planned date of the application of the standards
3. Impact that the new standards give to the company

Consideration of taxation should be treated with great care in retrospective transaction. Even if the accounting information should be changed retrospectively, this does not change the “already fixed year-end financial statements in the past”. So, retrospective adjustment will not make any effect on taxation.

However, if the change of the accounting information belongs to an error of the past transaction, accounting restatement will be required as well as submitting a return of tax adjustment and adjusting tax calculation of the past.

東京証券取引所は12月29日、業績予想開示に関して実務上の取り扱いを見直す方針を公表した。

現状は決算短信に記載される業績予想開示しており、売上高、営業利益、経常利益、当期純利益などを一定の様式で開示する方式で行われている。今回の見直しでは、「定性的な開示」や「添付資料による開示」を許容するなど、その内容や様式を多様化させて、上場会社の実情に応じた様々な将来予測情報を提供させるのが目的である。

東証は、3月以降にもその詳細を公表する予定であり、上場会社にとっては留意が必要な所である。

Tokyo Stock Exchange on Dec. 29 2011 announced a plan to review the current disclosure of earnings forecast.

Today’s forecasts are not flexible in a sense that they have to fill in the uniform format the sales, operating profit, ordinary profit, net profit. This time is different in the way that they allow a variety of ways of disclosure so that they could disclose appropriate information about earnings forecast according to their actual situations, and let investors understand situation better.

TSE will announce more detailed information after March.