Newsletter

1.  Accounting (Source: Keiei Zaimu Magazine) The headquarters for Japan’s Economic Revitalization agency in the Liberal Democratic Party set it as one of the most important political themes “to become the most entrepreneurial country in Asia” and they included “permission for a one-time amortization of Goodwill” within it. On that point, they opined that “Japanese… [Read More]

1. Accounting (Source: “Keiei Zaimu Magazine”) The Japan Industrial Management & Accounting Institute has released the results of “a survey on budgeting system 2012”. Most of those surveyed were listed companies, and 60% of respondents were manufacturing firms. According to the survey, 18.8% said they were formulating a long-term management plan (5 years or more),… [Read More]

1.      Accounting (Source: “Keiei Zaimu Magazine”) On March 26th, 2013, the Financial Services Agency released the “Opinion on the Standard Setting to Address Risks of Fraud in an Audit (hereinafter referred to as the “Opinion”)”. Triggered by some fraudulent accounting incidents conducted by Olympus and other companies, the standard has been set with the intention… [Read More]

1. Accounting (Source: Keiei Zaimu Magazine) Among three-hundred and ninety-six companies of the Nikkei 500 companies (as of July 2012) that prepare consolidated financial statements with a closing date of March 31, thirty-seven of them (9.3%) changed their closing date. Under Japanese accounting standards, two kinds of adjustment methods are permitted to adjust profit and… [Read More]

1. Accounting (Source: Keiei Zaimu Magazine) Based on research conducted by KEIDANREN (Japan Business Federation),　from April 2011 to March 2012, the average Welfare and Benefits expenses (both of statutory and non-statutory benefits) paid by an employer for employees was JPY 103,298 per person per month, which was a 3.2% increase compared with the previous year…. [Read More]

1. Accounting (Source: “Keiei Zaimu Magazine”) IFRS, in principle, require group companies to reconcile fiscal year-ends. In Japan, we have the flexibility to determine the fiscal year-end, but in China it cannot legally be changed from the end of December. In response to this dilemma, “The Yokohama Rubber Company, Limited” and “Kao Corporation” etc. changed… [Read More]

1. Accounting (Source: “Keiei Zaimu Magazine”) Most of those who pass the C.P.A. exam have gained employment with an audit corporation. However, a “C.P.A. within an organization” who works in an ordinary corporation is drawing attention because it has been difficult to find work in an audit corporation since the collapse of Lehman Brothers. According… [Read More]

1.      Accounting (Source: “Keiei Zaimu Magazine”) Tokyo Stock Exchange Group (the “TSE”) and Osaka Securities Exchange (the “OSE”) announced the future business plan of “Japan Exchange Group”, which will be launched jointly in January, 2013 by both groups. The president of the TSE will be inaugurated as the CEO of the organization, while the president… [Read More]

1.      Accounting (Source: Keiei Zaimu Magazine) In Thailand’s job market, accountants have been in high demand and recruited with favorable conditions. In the country companies are required of having their financial statements audited by accountants, and this is a must for tax filing. It means companies cannot file a tax return until accountants complete the… [Read More]

1. Accounting (Source: Keiei Zaimu Magazine) On September 7th, the Justice Ministry’s Legislative Council approved “Summary of company legislative revision”, which includes “Resolution of twisted incentive”. Heretofore, management personnel who are subject to audits have rights of “Appointment & Dismissal of auditors” and “Decision of remunerations for auditors”, but this revision aims to transfer these… [Read More]