IFRS도입에 따른 사업결합과정의 무형자산 평가 사례를 통한 이익 변동성 검토 -국내 통신기업을 중심으로-

This study focuses on the analysis of differences arising in intangible asset valuation between existing accounting standards and IFRS in business combinations, its implications, and problems from applying it in practice. Furthermore, we analyze the influence on the volatility of income in recognition and subsequent valuation in order to provide policy makers and information users informative guidelines regarding these matters. In a time where IFRS has not fully been implemented and there exists a lack of obtainable data, the intent is to provide detailed scenario analyses of the extent IFRS has on earnings. Scenario analyses was focused on errors in recognition and valuation of intangible assets in business combinations and the effect on future earnings, and also the effects on earnings due to changes in operating environments. As a result of conducting the scenario analyses, results show that due to the recognition and valuation of intangible assets, and changes in operating environment, the average change in earnings amounted to roughly 78.4%. These results show that errors in recognition and valuation of intangible assets can greatly impact changes in earnings and have a distorting effect on fair value. This practical case study is intended to provide policy-makers and accounting firms awareness and preparation leads for the potential impact of intangible asset valuation under IFRS.