Mr. Shinya Sakata, Former Manager at KPMG Azsa, Joins Quantum Accounting
Accounting Monster
Nov 11, 2025
Introduction In 2025, Japanese accounting standards concerning goodwill are approaching a major turning point. The Japanese government’s Council for Promotion of Regulatory Reform has compiled a report, including recommendations to abolish the mandatory periodic amortization of goodwill under traditional Japanese GAAP or to transition to an elective system of non-amortization or amortization. The Council plans …
The original article is in Japanese. The following is a summary of its content. The Rise of Goodwill Impairment in SPAC Deals A Wall Street Journal article in April 2023 highlighted that companies which went public via Special Purpose Acquisition Companies (SPACs) have recorded significant goodwill write-downs. This trend suggests that initial acquisition prices may …
The Exposure Draft No. 73, “Accounting Standard for Leases (Tentative Draft),” and the “Implementation Guidance on Accounting Standard for Leases (Tentative Draft),” released on May 2, 2023, will require lessees to recognize assets and liabilities for, in principle, all lease transactions. This new standard is expected to become mandatory as early as the fiscal year …
In March 2023, BEPS 2.0, including its Pillar Two, was enacted as part of the tax reform bill in the Japanese National Diet. We imagine that many large corporations have already commenced their tax compliance efforts in response to this. However, it is also necessary to consider the resulting impact of these tax measures on …
