055 An issue of “An exposure draft of accounting standards on quarterly reports”
An exposure draft of “accounting standards on quarterly
reports,” “interpretation guide of accounting standards on
quarterly reports”, and revisions related to them.
The purpose of the revision is to widely simplify quarterly
reports, and major contents are as follows:
・To allow them to leave out a statement of cash flow in the
first and third quarter period. In this case, the amount of
depreciation and goodwill should be noted.
・To delete some notes (change of presentation method,
simplified accounting treatment, net assets per share, stock
options)
・To revise contents of notes
Since quarterly reporting system requires timely and
quick presentation of reports, the simplification of this time
seems to be fairly meaningful on the condition that the
information important enough for investors to make a
decision still remains in the reports.
