Exposure draft of the revised Ordinance on Accounting of Companies (related to Accounting Standard for Retirement Benefits)

On March 8, 2013, the Ministry of Justice released Exposure draft of the revised Ordinance on Accounting of Companies. The comment deadline is April 8, 2013.

The exposure draft changes some terminologies based on the new accounting standards and guidance issued by Accounting Standard Boards of Japan (ASBJ) in May 17, 2012, which relates to the accounting for retirement benefits.