The Committee for the Preparation and Review of Accounting Guidelines for Small and Medium-sized Enterprises (hereinafter referred to as the “Committee”), which was established primarily by the Japanese Institute of Certified Public Accountants (JICPA), the Japan Federation of Certified Public Tax Accountants’ Associations, the Japan Chamber of Commerce and Industry, and the Accounting Standards Board of Japan, reviewed the Accounting Guidelines for Small and Medium-sized Enterprises (hereinafter referred to as the “SME Accounting Guidelines”) and, at its meeting on September 19, 2025 and approved the publication of the revised Accounting Guidelines for Small and Medium-sized Enterprises (hereinafter referred to as the “Revised SME Accounting Guidelines”).
Summary of Changes
- Compliance with Laws and Regulations:
Addition of notes related to the Global Minimum Taxation System (reflecting the amendment to the Company Accounting Regulations)– It is clarified that such notes are required only if the entity is subject to the system and the amount is material.
In addition, the transfer of JICPA’s accounting-related practice guidelines to the Accounting Standards Board of Japan is also reflected.
- Future Consideration:
Whether to incorporate the Accounting Standard for Revenue Recognition into the SME Accounting Guidelines will continue to be reviewed, taking into account the application status among listed companies and the actual practices of SMEs.
The revised Accounting Guidelines for SMEs (in Japanese only) can be found on the JICPA website by clicking here.
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