K-IFRS 최초전환에 따른 재무적 효과 -생명보험업을 대상으로

Since the introduction of International Financial Reporting Standards in 2011, some corporations that make a quarterly report have provided information users with information about the financial impacts of the introduction of K-IFRS on them through notes disclosure. However, it is difficult to understand the specific specifications of changes as the content of disclosure is not concrete with no clear information about gaps of no changes to net asset. In particular, there is no case or disclosure of adjusted content during the first application to file an opening financial statement for 2010 for comparison and indication with 2011. This study set out to analyze the financial effects of K-IFRS at a life insurance company during the first adoption and identify important considerations and potential problems. After analyzing the influential items and financial impacts during the first adoption into K-IFRS at the life insurance company based on its financial statement of 2010, the investigator observed its impacts in 14 areas. The greatest changes to net asset were found in effects according to reclassification of held-to-maturity financial asset and changing effects of net asset according to changes of allowance for bad debts. Net asset had little impacts on the unique accounting processing of a life insurance company, but it should bring big changes to the practical affairs management process. If empirical study can be done by continuously identifying important areas through such case studies and accumulating data, follow-up study will be able to propose a variety of policy alternatives for the sake of K-IFRS's soft landing.