기업회계기준서 제1027호의 비판적 고찰

The Accounting Standards Committee of the Korea Accounting Standards Board voted for No. 1027 of a financial accounting standard in November 2008, and made it be applied mandatorily from the fiscal year first starting since January 1, 2011. When it is compared with No. 25 of a financial accounting standard, what is importantly changed is that the consolidated financial statements becomes main financial statements and the parent-subsidiary relationship is judged with the standard of voting rights, instead of stocks with voting rights. This was decided for convergence with the international accounting standard. The economic benefits, which are setting objectives of a parent-subsidiary relationship of No. 3 of Article 1 of an Enforcement Ordinance of the Act on External Audit of Stock Companies, are abstract, and it is used as a standard that judges a parent-subsidiary relationship in No. 2012 of a financial accounting standard. What the consolidated financial statements are set as main financial statements doesn't fit the entity theory because the corporate entity of a subsidiary is denied. But No. 1027 of a financial accounting standard seems to follow the entity theory by accounting that treats the noncontrolling interest of a subsidiary as capital of a consolidated group. Also, the parent-subsidiary relationship is judged with the standard of voting rights on the premise of a disparate voting rights system, it is reasonable that this is said to be a single political entity rather than a single economic entity. As the thing showing a management condition of a single economic entity is the consolidated financial statements, other means except the consolidated financial statements are required to show a parent-subsidiary relationship of a single political entity.