Required Disclosures for Quarterly Reports in View
Japan's accounting rule-making body has released details of required disclosures for quarterly reports. Although companies listed on the the First Section of the TSE must already file quarterlies, there are no hard rules for what they must contain and the releases differ from company to company.
The new rules are expected to take effect from March 2009. They would require disclosure of profit and loss, assets and liabilities, and cash flow, as well as a breakdown of results by product line. A summary of issued stock options and large risks would also be obligatory. In June of this year, the financial trading law established rules for quarterly disclosures by financial entities.
日経
Japan's accounting rule-making body has released details of required disclosures for quarterly reports. Although companies listed on the the First Section of the TSE must already file quarterlies, there are no hard rules for what they must contain and the releases differ from company to company.
The new rules are expected to take effect from March 2009. They would require disclosure of profit and loss, assets and liabilities, and cash flow, as well as a breakdown of results by product line. A summary of issued stock options and large risks would also be obligatory. In June of this year, the financial trading law established rules for quarterly disclosures by financial entities.
日経
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