국제회계기준(IFRS) 도입에 따른 특수목적기업 연결범위에 관한 연구

As the K-IFRS (Korean International Financial Reporting Standards) is being adopted from 2011 in Korea, all listed firms and most financial institutions must use new K-IFRS standard mandatorily in their financial reporting. This new economic environments let most domestic companies be confused in the differences of current K-GAAP (Korean Generally Accepted Accounting Rules). Above all, as consolidated financial statements becomes a primary report instead of individual financial statements, the scope of the consolidation is expected to be a important issue. This paper analysed the determination of the coverage of consolidated financial statements in SPE (Special Purpose Entities). There are no specific standards about SPE in current K-GAAP, whereas K-IFRS provide SIC Interpretation No. 2012 for the guidelines about the consolidation of SPE. As this guidelines are not specific rules, but only broad principles, we need to review the practical implementation of the guidelines. In this paper we examined the practical implementation in the coverage of consolidation of the SPE and suggested the ways to apply with necessary modifications of FIN 46(R) in U.S. GAAP which provides specific guidelines and examples about SPE. Furthermore we provided the specific examples about the determination of the consolidation coverage by using virtual SPE company. In newly adopted principle-based K-IFRS, accounting standard establishing institute needs to try to improve the possibility of implementation of the guidelines by suggesting the specific examples on this paper.