한국채택국제회계기준(K－IFRS) 전면 도입의 타당성 및 개선방안에 관한 연구

In this study, validity of the adoption of K－IFRS was reviewed and how to improve the ensuing problems was presented focusing on the main features of IFRS. The results of this study are as follows. First, The enactment and amendment of IFRS are mostly carried out by the major industrialized countries that are practically supporting the body, International Financial Reporting Standards Foundation. In this regard, Korea needs to make efforts to let the international body reflect its’ own opinions with more interest in the establishment & amendment of IFRS to raise influence and position on the occasion of becoming one of the member countries in IASB. Second, the basic principles and methodology are presented to facilitate the accounting personnel to carry out reporting on the basis of economic reality within reason rather than the specific methods of accounting for the principles－based accounting methodology. How the accounting personnel understands the methodology is crucial for principle based accounting. In spite of that, it is hard to unify each accounting methodology for all the corporations. Hence, it is important to enforce internal controls for the decision making process. Third, the frequent amendments in IFRS and K－IFRS have incurred problems and confusion to the corporations when they undertake financial reporting primarily owing to the scope of consolidated financial statements. In case a parent company having a subsidiary is obliged to consolidate the financial statements, it is required to make a separate statement in accordance with the related regulations. Therefore, more research on the scope of consolidated financial statements should be done. Fourth, the fair valuation is adopted to provide significant information to investors in the capital market with regard to current financial state and inherent values. However, it may be vulnerable to abrupt fluctuations in economic circumstances like deflation, inflation and financial crisis etc. Obviously, the financial statement in fair value does not seem to contribute to raising transparency significantly. It is also independent from justification of fair value assessment. In addition to the problems associated with the adaption of K－IFRS, accounting system must have diversity as a subsystem of the social system.