국제회계기준에서의 연결재무보고시스템 구축사례

Disclosure system was transformed from the individual financial statements to the consolidated financial statements. Due to the introduction of international accounting standards(IFRS). It can be expected to increase time required for settlement and the amount of information because consolidated financial statements have been primary financial statements. So a consolidated financial reporting system will be required to control it effectively. In this study, We looked at the issues and risks that companies may face through the case of A company which successfully deployed the consolidated financial reporting system. And, in this study, the following improvements were noted to settle successfully the consolidated financial reporting system. First, the consolidated management system for internal management purposes should be established at the same time in order to be successfully built the consolidated financial reporting system. Second, all the subsidiaries apply a common GAAP and the same criteria to perform closing quickly. In addition, the consolidated process should be simplified to use carried forward consolidated books. Verification of information and the consolidated process should be automated. Third, information output criteria and method should be standardized in order to perform the consolidated-closing efficiently and infrastructure of all subsidiary companies has to be unified. In addition, except for investment and capital transactions, management plan about insider trading should be established by type and it should be automated in the consolidated system. Finally, organizational structure and support system is needed to established through the advancement of business management and finance by consolidated financial reporting system. In other words, financial and administrative organization should be integrated with each other and training financial professionals should be needed in order to improve financial capacity.