Amendments to "Accounting guidelines for small and medium-sized entities (2008 edition)"
July 03, 2008
The Committee of Accounting Guidelines for Small and Medium-sized Entities amended "The Accounting Guidelines for Small and Medium-sized Entities", and released them on May 2, 2008.
This committee was established by JICPA, the Japan Federation of Certified Public Tax Accountants' Associations, the Japan Chamber of Commerce and Industry, and the Accounting Standards Board of Japan (ASBJ).
Since the previous amendment of these guidelines, in April 2007, the ASBJ has issued or amended a number of accounting standards. Of these, ASBJ Statement No. 9 "Accounting Standards for Measurement of Inventories", and No. 13 "Accounting Standard for Lease Transactions" were addressed in the 2008 edition. References to these standards were also revised accordingly.
The guidelines are available in Japanese only.
Since the previous amendment of these guidelines, in April 2007, the ASBJ has issued or amended a number of accounting standards. Of these, ASBJ Statement No. 9 "Accounting Standards for Measurement of Inventories", and No. 13 "Accounting Standard for Lease Transactions" were addressed in the 2008 edition. References to these standards were also revised accordingly.
The guidelines are available in Japanese only.