매수기업결합으로 취득하는 핵심예금무형자산(CDI)의 평가

The Europe and U.S. banks allocate a portion of the purchase price of banks to intangibles including core deposit intangibles(CDI) acquired by business combinations, and record them as intangibles separately from goodwill value under the International Financial Reporting Standards(IFRS) or the U.S. generally accepted accounting principles (U.S. GAAP). Core deposits(CD’s) are the deposits maintained by the depositors, who have a favorable relationship with the banks, for a long-time period. CD’s have intangible value since they become alternative financing sources for banks with favorable conditions. Meanwhile, CDI value in Korean banks’ business combination has never been separately recorded for Korean bank accounting under Korean GAAP, except for three Korean banks which had listed their shares in NYSE and reported CDI value for U.S. GAAP reporting purpose only. No purchase price allocation(PPA) to intangibles (such as CDI values) in business combination has been a bank accounting practice in Korea; instead, CDI value is usually included in goodwill. The Korean bank accounting for CDI intangibles acquired by banks’ business combination is one of the practice differences in application of GAAPs which Korean banks should carefully re-consider for initial adoption of IFRS in 2011. This paper is to study the accounting standards of Korean GAAP, IFRS, and U.S. GAAP relevant to CDI value acquired by business combination, and to understand cases of accounting, disclosures and valuation methods applied to CDI valuation of Korean banks. I found that there is a difference in Korean bank accounting practice with respect to CDI valuation and PPA to CDI value comparing to Europe or U.S. where CDI values are subject to PPA process separately from goodwill allocation in business combination accounting for IFRS or U.S. GAAP purposes. I reported the technical or practical matters to be addressed by Korean banks to change their current bank accounting practice similarily with Europe or U.S. practices for the initial adoption of IFRS in 2011. This study has contributions to identify the matters to be considered for CDI valuation and PPA process thereto in Korean bank accounting practice with respect to bank’s b or practical matter. This study especially has practical implications for Korean banks since they are facing mandatory initial adoption of IFRS in 2011 for their financial reporting which will require them to change this practice with respect to CDI valuation.