Provisions / Allowances
| IFRS | Japanese GAAP | US GAAP | |
| Threshold for recognition of provision is possible, defined as more likely than not. |
Threshold of recognition of provision is not defined as a percentage. However, in practice, there is no significant difference between Japanese GAAP and IFRS/US GAAP. |
Threshold for recognition of provision is probable, interpreted as a higher threshold than "more likely than not under IFRS". | |
| Provisions | |||
| A corporation is required to recognize short-term employee benefits, including paid annual leaves when employees has rendered service in exchange for those benefits. | There is no specific guidance for recognition of allowance for unused vacation days. | Similar to IFRS, an entity is required to accrue a liability for employees's rights to receive compensation for future absences when certain conditions are met. | |
| Accrued vacation | |||