국제회계기준 도입이 협동조합금융기관 회계에 미친 파급영향 및 주요쟁점

Adoption of IFRS for listed companies in Korea(K-IFRS) led to the establishment of the new Korean GAAP for private companies(K-GAAP) applied to national associations of cooperative financial institutions and non-credit businesses of primary cooperative financial institutions, and the revision of the Accounting Standards for the Credit Business of Mutual Financial Institutions(ASCBMF). The newly established K- GAAP incorporated the basic features of K-IFRS such as principle-based standards and fair value accounting, but also accepted accounting practices in the field to ease the burden on private companies. The revised ASCBMF reconciled the financial reporting format and accounting terms with those provided in the newly established K-GAAP. But main revisions of ASCBMF were made to differentiate the accounting standards for credit businesses of primary cooperative financial institutions from K-IFRS or K-GAAP in the classification of membership share capital and the accounting for business combinations.