한국채택국제회계기준 도입 전과 후의재무비율 비교

This study starts with assumption that the financial ratio under K－IFRS will be changed from that under K－GAAP. This study focuses on analyzing key financial ratios both under K－IFRS and K－GAAP. The major theoretical differences between two principles are as follows：IFRS is principle based rather than rule based. IFRS focuses on consolidation rather than non consolidation, which was a basic financial statements under K－GAAP. IFRS more focuses on fair value rather than historical cost. This study expands the data, using 2011 financial information of all listed companies in KOSPI. This study uses financial information of 665 listed companies for individual financial statements, and 534 listed companies for consolidated financial statements, excluding certain companies not qualifying the representativeness of the population. As a result, the study notes that there is no significant difference of financial ratio between under K－IFRS and K－GAAP. In other word, the level of Korean previous GAAP keeps up with that of IFRS. Consequently the decision made using K－IFRS financial information will not cause significant differences from using previous GAAP. This study has its inherent restriction because the study does not use time series analysis, focuses on only 2011 financial data, does not utilize whole financial ratios, and does not reflect the unique nature of business type. Therefore the readers be recommended to consider those restrictions.