손상차손의 인식이 기업특성과 재량발생액에 미치는 영향

Asset impairment accounting of Korean International Financial Reporting Standards(K-IFRS) which was adopted from year 2011 shows much difference in asset impairment recognition from previous Generally Accepted Accounting Principles in Korea(K-GAAP). In other words, by stipulating that asset impairment shall be recognized by fair value fair value measurement of the assets, much change is expected in firm's asset impairment recognition behavior. Also, as asset impairment recognition by fair value measurement increases the possible intervention of management's discretions, accurate analysis is required on asset impairment recognition in accordance with K-GAAP. Henceforth, this study analyzes the effect of asset impairment recognition on firm's characteristics and Discretionary Accruals in K-GAAP. By empirical analysis, the weight of asset impairment in net income and total asset appeared as 20.7% and 1.7% respectively. From the analysis on firms characteristics, the firms that recognized asset impairment had higher debt ratio and capital adequacy ratio and return on assets, and more negative earning firms recognized asset impairment than positive earnings ones. According to net income change between previous year and current year, recognized impairments were biggest at firms with negative earning during both previous and current year. And more asset impairment were recognized by negative earning firms in current year rather than in previous year. Last, analyzing on the influence of asset impairment on discretionary accruals, discretionary accruals were rather higher at firms that recognized asset impairment. And firms that recognized impairment loss during current year rather than previous year showed higher discretionary accruals. In conclusion, it was found that recognition of asset impairment is heavily influenced by firm's earning level.