J-Long Group Ltd

Adopted

2023-09

Contexts

The Company adopted ASU 2023-09 on a prospective basis.

New standards

2023-09

Prior filed

2025-07-28

Prior form

20-F

Restates existing policy

No

Source

accounting standards update (ASU) reference comparison

Why

The summary of significant accounting policies changed materially from the previous comparable filing.

New language

Shipping and handling activities are considered to be fulfillment activities rather than promised services and are not, therefore, considered to be separate performance obligations., Under EXW (meaning the seller fulfills its obligation to deliver when it makes goods available at its premises for the buyer to collect), the performance obligation is satisfied, and control is transferred at the point when the customer is notified that their order is available for pickup.

Prior filed

2025-07-28

Prior form

20-F

Similarity

0.09

Source

revenue recognition note comparison

Threshold

0.6

Why

The revenue recognition policy disclosure changed materially from the previous comparable filing.

Language present now, absent from the prior filing:

• Shipping and handling activities are considered to be fulfillment activities rather than promised services and are not, therefore, considered to be separate performance obligations.
• Under EXW (meaning the seller fulfills its obligation to deliver when it makes goods available at its premises for the buyer to collect), the performance obligation is satisfied, and control is transferred at the point when the customer is notified that their order is available for pickup.