K-IFRS에 따른 영업권 손상검사 사례

The main purpose of this paper is to understand the procedure and the method of goodwill impairment test. Also this paper provides the problems that may occur in the impairment test process. Goodwill is to be tested the impairment by comparing the carrying amount with the recoverable amount of cash generating unit at least annually, regardless of whether the trigger events happen. The recoverable amount of cash generating unit is the higher of fair value less costs to sell and value in use. In case of unlisted companies, value in use can be the recoverable amount if fair value less costs to sell is not reliable. Value in use is the present value of the future cash flow expected to be derived from cash generating unit for five years, based on manager's financial plan. Information users, auditors, and regulatory agency should be noted that many assumptions and judgements are included in the process of goodwill impairment test. Therefore there is the possibility of credibility loss and earnings management in goodwill impairment test. This paper is expected to be useful in understanding goodwill impairment test for information users, accounting staff, and regulatory agency under K-IFRS, by presenting the procedure and the problem of goodwill impairment test.