Issued September 29, 2010 (No. 16)

Contents

1. New ASBJ Pronouncements (released between June 1 and July 31, 2010)
2. Overview of ASBJ Meetings (203rd Meeting – 206th Meeting)
3. ASBJ’s Comments on the Documents Issued by the IASB and FASB (June
1, 2010 – July 31, 2010))
4. ASBJ Publishes its Medium-term Operating Policy (June 2010)
5. FASF President and ASBJ Chairman, visits Executive Leaders at the
Accounting Standard Setters in China
6. ASBJ Holds its Second to Forth Sessions of a Series of Open Seminars
7. India-Japan Dialogue is Inaugurated
8. ASBJ Chairman Attends the IFRS Conference: Tokyo Held by the IFRSFoundation
9. Atsushi Kato, ASBJ Vice-chair Moderates Panel Discussion at the 31st
JICPA Research Conference
10. Council on Accounting Standards for Unlisted Companies Publish
Summary Review Report
11. Project Progress (As of July 31, 2010)
12. Noticepg. 1
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1. New ASBJ Pronouncements (released between June 1 and July 31, 2010)(1) [Final] Release of the Accounting Standard for Presentation of Comprehensive Income (ASBJ
Statement No. 25) and amendments to a related Accounting Standard (June 30, 2010)(2) [Final] Release of the revised Practical Solution on Tentative Treatment of Tax Effect Accounting
Under Consolidated Taxation System (Part 1) and the revised Practical Solution on Tentative
Treatment of Tax Effect Accounting under Consolidated Taxation System (Part 2) (June 30,
2010)(3) [Final] Release of some revised Accounting Standards, following the issuance of the AccountingStandard for Accounting Changes and Error Corrections (June 30, 2010)(4) [Final] Release of the revised Accounting Standard, its Implementation Guidance and Practical
Solution for Earnings per Share (June 30, 2010)(5) [ED] Release of the Exposure Draft of Accounting Standard for Fair Value Measurements andDisclosures and its Implementation Guidance (July 9, 2010)[Legend]
DP: Issue Paper, Discussion Paper
ED: Exposure Draft
Final: Statement/Guidance etc. (final version)

2. Overview of ASBJ Meetings (203rd Meeting – 206th Meeting)(1) 203rd Meeting (held on June 10, 2010)
a. Announcement of Medium-term Operating Policy of ASBJ
b. Treatments of comments received on the Exposure Draft on Consolidated Taxation Systemc. Treatments of comments received on the Exposure Drafts for amendments to conform to the
Accounting Standard for Retrospective Restatement for Prior Periods
d. Treatments of comments received on the Exposure Draft on Earning per Sharee. Progress at the Study Group on Treatment of Non-consolidated Financial Statements for Listed
Companies
f. Final Draft of the Accounting Standard for Presentation of Comprehensive Income
g. Progress at the Technical Committee for Financial Instruments (Fair Value Disclosure)h. Progress at the Technical Committee for Financial Instruments (IASB Exposure Draft on
impairment)a. The Board approved the release of the ASBJ Medium-term Operating Policy, which sets out basic
principles for the future ASBJ activities up to 2012. The policy comprises two sections: one fordevelopment of local standards and the other for contribution to international accounting standards.
The policy also touches on a study to explore future tasks which the ASBJ should be engaged inpg. 2
Copyright© ASBJ/FASF All Rights Reserved.

toward mandatory use of IFRS.
b. The Board discussed comments received on the exposure draft, released to deal with the tax reformin 2010, and their treatments.
c. The Board discussed amendments to the standards for quarterly financial statements and forsegments reporting, to conform to the Accounting Standard for Accounting Changes and Error
Corrections issued in December 2009.
d. The Board discussed analysis of comments received on the exposure draft and their treatments.
e. The progress of the Study Group on Treatment of Non-consolidated Financial Statements for Listed
Companies was reported.
f. The treatments for consolidated financial statements were discussed because ASBJ would withhold
its decision on application to non-consolidated financial statements until the finalization of
discussion by the Business Accounting Council, an advisory council to the Financial Services
Agency.
g. The Board reviewed the final draft of the forthcoming Exposure Draft. There was an opinion thatthe effective date should be carefully considered because disclosure of fair value by levels in fairvalue hierarchy in quarterly financial statements would impose a significant burden on entities.
h. The Board discussed the draft comments on the IASB’s Exposure Draft “Financial Instruments:
Amortized Cost and Impairment.”(2) 204th Meeting (held on June 24, 2010)
a. Accounting Standard for Presentation of Comprehensive Income [Approval for public release]b. Revisions to the Accounting Standard for Earnings Per Share [Approval for public release]c. Amendments to some Accounting Standards, following the issuance of the Accounting Standard
for Accounting Changes and Error Corrections [Approval for public release]d. Amendments to the Practical Solution on Tentative Treatment of Tax Effect Accounting underConsolidated Taxation System (Part one) [Approval for public release]e. Progress at the Technical Committee for Financial Instruments (Fair Value Disclosure)f. Progress at the Technical Committee for Financial Instruments (Classification and Measurement)
g. Discussion on Intangible assetsa.

The Board approved the release of the Accounting Standard for Presentation of Comprehensive
Income. The standard prescribes how to present comprehensive income and other comprehensive
income in financial statements.
This standard allows two options of where to present comprehensive income: two-statement
approach (presenting both income statement and comprehensive income statement) and single
statement approach (presenting net income and comprehensive income in a single statement).
This standard will be effective for annual consolidated financial statement for the years ending on
or after March 31, 2011. Earlier application is permitted. Whether to apply it to non-consolidated
financial statements will be decided around one year after its issuance, considering that issues
about general treatment of non-consolidated financial statements are being discussed at thepg. 3
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Business Accounting Council.
b.

The Board approved the revisions to the Accounting Standard for Earnings per Share. The
revisions respond to existing differences from IFRSs and practical needs of market participants,
including treatment of the cases when the exercise price of a warrant is revised during the period.
The revisions are effective for the years ending on or after April 1, 2011.

c.

The Board approved amendments to standards for statement of changes in net assets, segment
reporting and quarterly financial statements.

d.

The Board approved revisions to the Practical Solution on Consolidated Taxation System, in
response to the tax revision in 2010.

e.

The Board reviewed the final draft of the exposure draft to be approved at the next meeting.

f.

In the context of discussion on the possible replacement of the standards for financial instruments,
the Board discussed issues on treatment of investments in unquoted equity instruments and on
reclassification adjustments of other comprehensive income recognized for changes in fair valueof investments in equity instruments.

g.

The Board discussed the draft text of the forthcoming exposure draft, which reflects thedeliberations so far, including treatment of land-lease rights and impairment of intangible assets
with indefinite useful life.
(3) 205th Meeting (held on July 6, 2010)
a. Exposure Draft of Accounting Standard for Fair Value Measurements and Disclosures and its
Implementation Guidance [Approval for public release]b. Progress at the Technical Committee for Financial Instruments (classification and measurement)c. Progress at the Technical Committee for Special Purpose Entities (SPEs)d. Progress at the Retirement Benefits Accounting Technical Committee
e. Comments on IASB Exposure Draft on Reporting Entity
f. Progress at the Technical Committee for Financial Instruments (financial liabilities)

a. The Board approved the release of the Exposure Draft of Accounting Standard for Fair Value
Measurements and Disclosures and the related Application Guidance.
Fair value measurement is one of the MoU projects addressed by the IASB and the ASBJ is alsodeliberating fair value measurement and related disclosure. The exposure draft aims to establish aconcept of fair value and its disclosure and it would require disclosure of fair value by hierarchy
levels. Comments are due on September 10, 2010.
b. The Board discussed the draft of the Discussion Paper on possible replacement of accounting for
financial instruments, in particular on recycling of other comprehensive income recognized forchanges in fair value of financial instruments.
c. The Board was asked whether to clarify that the special treatment about SPEs should apply only totransferors of assets, in response to the concerns about diversity of interpretation about its scope.
As a result, the Board tentatively agreed to proceed with the amendment in that direction.
d. The Board discussed comments received on the Exposure Draft and their treatments. Opinions
pg. 4
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varied on several issues, including how to proceed with the retirement benefit project, immediate
recognition of actuarial gains and losses and past service costs in the balance sheet, and amendmentof the period attribution method.
e. The Board discussed comments on the IASB’s Exposure Draft Conceptual Framework of Financial
Reporting – Reporting Entity.
f. The Board discussed comments on the IASB’s Exposure Draft Fair Value Option for Financial
Liabilities.
(4) 206th Meeting (held on July 21, 2010)a. Progress at the Technical Committee for Financial Instruments (classification and measurement)b. Progress at the Retirement Benefits Accounting Technical Committeec. Progress at the Technical Committee for Business Combinations
d. Discussion on intangible assets
a. The Board reviewed the final draft of the Discussion Paper on Classification and Measurement to
prepare for approval at the next meeting. It decided that the Discussion Paper, which was developed
based on IFRS 9, should include four questions asking for comments on the matters that may
require considerations from the viewpoints specific to the situations in Japan.
b. The Board discussed comments on the IASB’s Exposure Draft Defined Benefit Plan (Proposed
amendments to IAS 19). The Board is considering suggesting an alternative of recycling theactuarial gains and losses recognized in the OCI to profit or loss.
c. The Board discussed transitional treatment, including that about goodwill arising from businesscombination occurring before the effective date of the revised Standard. Whether to permit early
application was also discussed.
d. The Board discussed transitional requirements at the initial application of the standard on intangible
assets.

3. ASBJ’s Comments on the Documents Issued by the IASB and FASB (June 1,2010 – July 31, 2010))(1) ASBJ submitted its Comments on the IASB Exposure Draft "Financial Instruments: Amortised
Cost and Impairment" (June 30, 2010)(2) ASBJ submitted its Comments on the IASB Exposure Draft “Conceptual Framework for
Financial Reporting: the Reporting Entity” (July 15, 2010)(3) ASBJ submitted its Comments on the IASB Exposure Draft “Fair Value Option for Financial
Liabilities” (July 15, 2010)

pg. 5
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4. ASBJ Publishes its Medium-term Operating Policy (June 2010)
ASBJ releases an update of Medium-term Operating Policy when new Board members are elected,
with an aim to present medium-term perspective regarding policy on development of accounting
standards. Amid accelerating changes in accounting standards at home and abroad, the ASBJ
decided to set out a new version of Medium-term Operating Policy, and it was released on June 16,
2010.
According to the “Opinion on the Application of IFRS in Japan (Interim Report),” published by
the Business Accounting Council (BAC) in June last year (2009), optional use of IFRS ispermitted for the fiscal year ending in or after March 2010, and a decision regarding the mandatory
use of IFRS is aimed to be made around 2012. The mandatory use of IFRS, if determined, would
have significant implications to ASBJ activities.
The medium-term operating policy, released this time, addresses two major topics, which aredevelopment of local accounting standards (i.e. Japanese GAAP) and commitment to international
accounting standards, and is composed of the following two parts: a) the Board’s action programs
up to 2012, when the FSA’s decision regarding the mandatory use of IFRSs is expected to be made,and b) studies on how the Board should function in the future on the supposition of the mandatory
use of IFRSs.

5. FASF President and ASBJ Chairman, visits Executive Leaders at the
Accounting Standard Setters in China
FASF and ASBJ organized a delegation to visit China on June 1-3, 2010, consisting of Toshitaka
Hagiwara (FASF President), Ikuo Nishikawa (ASBJ Chairman), and Aki Fujinuma and Noriaki
Shimazaki (Trustees of the IFRS Foundation). They visited executive leaders involved inaccounting standards setting in China, including Wang Jun, Vice-Minister of Finance, Liu Zhongli,
President of Chinese Institute of Certified Public Accountants. This visit was made to seek closer
ties with China, which is actively working on convergence with IFRSs like Japan, in the light ofincreasing need for greater presence of the Asia and Oceania region in the development of IFRSs.
The representatives from China and Japan affirmed the importance of better reflecting the voicesof the Asia and Oceania region in the development of IFRSs and enhancing the presence of theregion, for the purpose of ensuring higher quality of IFRSs as global accounting standards.
Both Japanese and Chinese organizations concerned with accounting standards will make the bestuse of a broader type of opportunities, including the Asia and Oceania Standard-setters Meeting(AOSSG), to address common issues for showing greater presence of the region.

6. ASBJ Holds its Second to Forth Sessions of a Series of Open Seminars
ASBJ and FASF started a series of open seminars this year with the view to provide updates ondevelopments of international accounting standards to help companies in Japan adopt IFRS, aspg. 6
Copyright© ASBJ/FASF All Rights Reserved.

well as to provide enhanced services to FASF members, considering that the both parties haveadvantages to follow up the latest information in a timely manner. The seminars, titled“developments of IFRS and its adoption in Japan,” are being held in major cities in Japan. At thefirst session on April 28, 2010, Sir David Tweedie, IASB Chairman, provided updates on IFRS asa guest speaker.
The latest seminars of the second to forth session were subtitled “IFRS Now” and held in threemajor cities in Japan; on July 7 in Osaka, July 8 in Tokyo, and July 9 in Nagoya. The seminars
addressed progress of standard development which IASB is intensively working on towardachievement of MoU targets with Financial Accounting Standards Board (FASB) to complete
convergence of major differences, and this theme was covered by Tatsumi Yamada, IASB Board
member, who is directly involved in the standard development. The seminars also provided an
overview of efforts by FSA and ASBJ to prepare for IFRS adoption.
The agenda for the third session held in 19 July at Mielparque Hall, Tokyo is as follows:
Agenda:Speakers:

IASB Update

Tatsumi Yamada, IASB Board member

FSA’s Efforts toward IFRS Adoption

Takashi Nagaoka, Head, International
Accounting

Coordination

Office,Corporate Accounting and Disclosure
Division,

Planning

andCoordination

Bureau, Financial Services Agency
Overview of IASB Projects

Atsushi Kato, ASBJ Vice-chair

In his speech, Tatsumi Yamada provided latest updates on IASB activities, focusing on thecontents of the joint statement on convergence released by IASB and FASB on June 2, 2010 and a
progress report published by IASB on June 24, 2010.
The progress report says that some projects are behind the schedule. He requested the audience tounderstand that the delay comes from prioritization of projects, resulting from a concern that
useful inputs and views from constituents might be hindered from too much volume of exposure
drafts exposed for a short period.
Takashi Nagaoka, FSA officer, explained issues the authority is currently working on for IFRS
adoption, as well as introduced major misunderstandings on IFRS, which are often heard in Japan.
He also mentioned that optional use of IFRS in Japan, now allowed for certain entities, issignificantly meaningful in the sense that Japan is widely recognized as IFRS user, and stressedthat there would be a need for increased voice of Japan in terms of IFRS, which is going to evolve
through continued discussions.
Lastly, Atsushi Kato, ASBJ vice-chair, explained progress of IASB projects with focus on work
plans and the proposals on revenue recognition, financial statement presentation, and financial
instruments, and also progress of discussions on the associated topics within ASBJ.
pg. 7
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Each presentation was followed by questions and answers session, where there were manyquestions concerning about IFRS adoption raised from the audience and active exchange of views
between presenters and the audience.
For FASB members, recorded webcast of the third session (held in Tokyo) is available online for alimited time until October 30, 2010 through the ASBJ web seminar section of our website.

7. India-Japan Dialogue is launched
ASBJ and FASF, Japanese Institutes of Certified Public Accountants (JICPA), Nippon Keidanren(JBF), and Tokyo Securities Exchange Group, Inc. agreed to formulate India-Japan Dialogue with
Indian counterparts, Indian Core Group on IFRS, in order to discuss regularly on how to promotesmooth transition to IFRS, and hold its first meeting on July 26, 2010 in Tokyo. The Indian coregroup under the Ministry of Corporate affairs is attended by the officials from Ministry of Finance,
Securities Exchange Board of India, Reserve Bank of India, Insurance Regulatory andDevelopment Authority, Comptroller and Auditor General of India, PFRDA (Indian accounting
standard setter) and other experts.
India will start to adopt Indian accounting standards, converged with IFRS, in stages from April
2011, planning to make them mandatory in April 2014. It is expected that both Japan and India canshare issues and knowledge at various standpoints.
In a Joint Working Group of the Dialogue, MoU was established to encourage closer tie between
market constituents in the both countries in terms of issues arising from forthcoming IFRS
adoption and convergence, and also some decisions were made on the three year plan for the
Dialogue as well as setting India to be the venue for the next general meeting.
Subgroup discussions, broken down into regulatory authorities, accounting standard setters,
institutions of accountants, industry sector, securities exchanges, were also conducted on the day.
On the following day, July 27, “India-Japan Forum 2010” was held at Keidanren-kaikan, to
promote a better understanding of activities by the Dialogue, in which presentations weredelivered by key persons from the both countries, including Kouhei Ohtsuka, senior vice ministerof Cabinet Office for Financial Services. The agenda for the forum were as follows;
AgendaPresenters

Key Note Speech 1

Kouhei Ohtsuka, Senior Vice Minister of Cabinet Office for Financial
Services

Key Note Speech 2

R. Bandyopadhyay, Secretary, MCA

Market of India

C. B. Bhave, Chairman, Securities and Exchange Board of India

Capital Market of Japan

Atsushi Saito, Board Member, President & CEO, Tokyo Stock
Exchange Group Inc.; President & CEO, Tokyo Stock Exchange, Inc.

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Capital Market of India

Ravi Narain, Managing Director & CEO, National Stock Exchange ofIndia Ltd.

Issues for Regulators on

P.R. Ravi Mohan, Chief General Manager, Reserve Bank of India

IFRS

Hidenori Mitsui, Director for Corporate Accounting and Disclosure,・Indian casePlanning and Coordination Bureau, Financial Services Agency

・Japanese case
Issues for adoption of IFRS

Amarjit Chopra, President, The Institute of Chartered Accountants offor auditors

India・Indian caseShozo Yamazaki, Chairman and President, Japanese Institute of・Japanese case

Certified Public Accountants

Issues for adoption of IFRS

T.V.Mohandas Pai, Director and Member of Board, Infosys

for industry

Technologies Ltd.

・Indian case

Ryoichi Ueda, Member of the Board & Senior Executive Vice・Japanese case

President, Chief Financial Officer, Mitsubishi Corporation

Issues for adoption of IFRS

Manoj Fadnis, Chairman, Accounting Standard Board, ICAIfor

Ikuo Nishikawa, Chairman, Accounting Standards Board of Japanaccounting

standard

setters
・Indian case・Japanese case
Panel Discussion【Co-Moderator】“Current situation and issues

Toshio Kinoshita, Chief Executive, JICPA andfor convergence / adoption

Shri. R. Bandyopadhyay, Secretary, MCA

of【Panel】

IFRS

Japan”

in

India

and

・Noriaki Shimazaki, Chariman, International Affairs Committee of the
IFRS Council, Trustee of the IFRS Foundation
・Junichi Naito, Director-General of the Planning and Coordination
Bureau, Financial Services Agency
・Radhakrishnan Nair, Member, Insurance Regulatory & Development
Authority, India
・G.Ramaswamy, Vice President, The Institute of Chartered Accountantsof India・P.R. Ravi Mohan, Chief General Manager, Reserve Bank of India
・Sunil Verma, Deputy, Comptroller & Auditor General of India
・Usha Narayanan, Executive Director, Securities and Exchange Boardof India・Praveen Kumar Tiwari, Executive Director, Pension Fund Regulatory& Development Authority

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The forum attracted as much as 250 audiences, and a reception party for stakeholders of India andJapan was also held in the evening.
Regarding issues for adoption of IFRS for accounting standard setters, Ikuo Nishikawa, Chairmanof ASBJ, and Manoj Fadnis, Chairman of the Accounting Standard Board of India delivered apresentation respectively.

8. ASBJ Chairman Attends the IFRS Conference: Tokyo Held by the IFRSFoundation
The IFRS Conference: Tokyo was held at Mandarin Oriental Hotel, Tokyo, on July 28-29 from
Wednesday and Thursday, sponsored by the IFRS Foundation. The conference was aimed atproviding comprehensive understanding on updates on IFRS development and efforts toward IFRS
adoption. Speakers at the conference included IASB Board member and staff, as well as leading
experts such as Katsunori Mikuniya, commissioner of the Financial Services Agency (FSA).
Ikuo Nishikawa, ASBJ chairman, also attended as a moderator of a panel discussion on “Japaneseperspectives” and he promoted exchange of views among the panel, participated by Kazuo
Hiramatsu, Professor of Accounting at Kwansei Gakuin University and President of Japan
Accounting Association and ASBJ Board member, Seiichi Kaneko, Senior Vice President ofSecurities Analyst Association of Japan and ASBJ observer, Hidenori Mitsui, Director of General
Coordination Division and former director of Corporate Accountant and Disclosure of FSA, withregard to Japanese perspectives on IFRS developments and current status on convergence ofJapanese GAAP.

9. Atsushi Kato, ASBJ Vice-chair Moderates Panel Discussion at the 31st JICPA
Research Conference
The 31st JICPA Research Conference was held at the Hotel Granvia Kyoto on July 23, 2010
discussing “adoption of IFRS and the JICPA’s role” as a main topic. In one of the breakout
sessions, Atsushi Kato, ASBJ vice-chair, moderated a panel discussion, which addressed the roleof certified public accountants involved in interpretations and practical issues in terms of IFRS
adoption. Atsushi Kogasaka, ASBJ technical director, also attended as a panelist. During thesession, panelists explained the expected role and preparedness of certified public accountants,
which would play a leading role in interpretations and practical issues in IFRS adoption, andexchanged views with the audience.

10. Council on Accounting Standards for Unlisted Companies Publish Summary
Review Report
The council on accounting standards for unlisted companies (ASBJ serves as its joint coordinator)
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released a summary review report, resulting from its fifth meeting held on July 30, 2010. The
report indicates that unlisted companies in Japan with great variety should be discussed based onclassification by category, rather than discussed in its entirety. With this view in mind, the report
proposes to categorize unlisted companies into the following three groups for further discussion; a)unlisted companies which are subject to the Financial Instruments and Exchange Act, b) large
companies under the Company Act, which are not subject to the Financial Instruments andExchange Act, c) non-large companies under the Company Act, except for a) and b). As for the
category c), the council recommends to consider breaking down the category into sub-categories,
one of which a new guideline, different from the conventional Guidelines on the Accounting of
Small and Medium Enterprises, would apply.

pg. 11
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11. Project Progress (As of July 31, 2010)
2010
Q2

2010
Q3

2010
Q4

2011
H1

2011
H2

Items related to the remaining differences between existing Japanese GAAP and IFRSs
Business Combinations (Step2)
ED
Final
Financial Statement Presentation
Final(Comprehensive Income)Intangibles
ED
Final
Items related to projects addressed in the MoU between the IASB and the FASB
1 Scope of Consolidations
EDFinal
2 Financial Statement Presentation- Phase B
DPED- Discontinued Operations
ED
Final
3 Revenue Recognition
DPED
4 Liabilities and Equity DistinctionsDP
5 Financial Instruments- Classification and Measurement of
Financial Assets- Classification and Measurement of
Financial Liabilities- Impairment

DP2

ED
DPorDP2ED
ED- HedgingED

6 Fair Value Measurement
Disclosure
7 Post-employment Benefits

and

ED

Final

- Step 1

Final- Step 2
8 Leases
9 Derecognition

DP
DP

ED

ED
DP

ED

Items related to the IASB projects other than those addressed in the MoU between the
IASB and the FASB
Earnings per Share*
Final
Provisions
DP2
ED
Emission Trading SchemesDP
Insurance Contracts*: This project aims at amendment related to remaining differences.
[Legend]DP
Discussion Paper
DP2 Advanced Discussion Paper (It is a document presenting preliminary views in the form near toa standard before the development of exposure drafts.)
ED
Exposure Draft
Final Accounting Standard/Guidance etc.
Italicized legends indicate finished events.

pg. 12
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12. Notice(1) New Publications
Periodical – Accounting Standards and Disclosure Quarterly No. 30 (to be published on September
15, 2010)[Main Contents]Feature Article (1): “Inauguration of India-Japan Dialogue”
Message from Noriaki Shimazaki, Chairman, International Affairs Committee, the IFRS
Council of Japan

Feature Article (2): Discussion Meeting “Discussion on Future Accounting Standards, in Lightof the ASBJ Medium-term Operating Policy”



Accounting Square: “Tasks toward a Smooth Transition to IFRS and efforts by the Business
Sector,” Hiromasa Yonekura, Chairman, Nippon Keidanren (Japan Business Federation)



CFO Letter: “Banking and Accounting Standards,” Koichi Miyata, Senior Managing Director,
Sumitomo Mitsui Banking Corporation



Chairman’s Voice: “Consolidated-accounts-first Approach to Convergence,” Ikuo Nishikawa,
ASBJ Chairman

Special Feature: Seminar Report - ASBJ Open Seminar “IFRS Now”
Click here to buy this publication (Japanese only).
Starting from the Accounting Standards and Disclosure Quarterly No. 30, articles on the
periodicals are available online for FASF members through the membership website.

(2) Announcement of the ASBJ Web Seminar
ASBJ and FASF have been developing ASBJ web seminars, accessible through the membershipwebsite, to encourage FASB members to better understand accounting standards developed by
ASBJ and activities by ASBJ and FASF in an efficient way.
New contents, posted recently, are:A) ASBJ Open Seminar: Recent Developments of IFRS and Adoption in Japan - IFRS Now,
recorded on July 8, 2010, at Mielparque Hall, Tokyo (available for a limited time until October 30,
2010)B) Accounting Standards for Presentation of Comprehensive Income

pg. 13Copyright© ASBJ/FASF All Rights Reserved.

“ASBJ Newsletter” (No. 16)
Issued on September 29, 2010
Editor: Shosaku Shimomura
The views expressed in ASBJ Newsletter are not necessarily those of the ASBJ or the FASF. The
Authors and Publishers accept no responsibility for any loss or damage resulting from reliance on theviews expressed herein.
© Copyright, ASBJ/FASF All Rights Reserved
Website: https://www.asb.or.jp/asb/index_e.jsp
E-mail: publicity@asb.or.jp
Accounting Standards Board of Japan / Financial Accounting Standards Foundation
Fukoku Seimei Building 20F, 2-2, Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo, Japan (Zip Code:
100-0011)

pg. 14
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