금융부채의 공정가치 평가에 대한 사례연구

IAS 39 defined gain(or loss) on valuation of financial liabilities reflect in Net Income when the financial liabilities designated as Fair Value Through Profit and Loss(FVTPL) using Fair Value Option(FVO). However, this provision brings about counter-intuitive results that recognizes a profit even though the entity's credit rating deteriorates and the fair value of liabilities decrease. Due to this counter-intuitive result, IASB published Exposure Draft on May 2010. On October 2010 it declared ‘Additions to IFRS 9’ after the process converging opinions regarding Measurement and recognition of financial liabilities. Under newly published IFRS 9, the effect of changes of fair value that is attributable to the changes in credit risk is recognized in Other Comprehensive Income(OCI). So the volatility of earnings decreases and it enables to provide information about entity's credit risk to the users of financial statements. By reason of some incompleteness in additions to IFRS 9, there is a possibility of earing manipulations when a company applies Fair Value Option selectively. This study looks into the provisions of IAS 39, Exposure Draft and IFRS 9 by examining 2009 financial statements of Kookmin Bank under the hypothetical conditions. Through this case study, we find out some problems regarding regulations and some ways to improve. The data we provide is somewhat hypothetical, it reflects actualities and it enables to find out the effects of fair value measurement of financial liabilities easily. Therefore it provides a good example for the students of upper grades and MBA regarding the effects on financial statements related with the provision additionally regulated in IFRS 9 which will be applied from 2013.