IFRS 회계원리 교재의 사채 발행 회계처리 검토

[Purpose]The purpose of this study is to review the accounting for bonds payable described in Korean IFRS principles of accounting textbooks and to suggest improvements. [Methodology]The IFRS related to financial liabilities and the accounting for bonds payable in those textbooks were reviewed. In order to understand the accounting for bonds payable in those textbooks, the changes in Korean accounting standards related to bonds were examined. [Findings]A core principle of the effective－interest method is that interest expense is recognized as a percentage of the underlying carrying amounts of the bonds payable. For students who understand the core principle of the effective interest rate method, it will be easier to understand the explanation of accounting for bonds payable, which is explained without using the discount (premium) on bonds payable account. Interest expense is the amount of the liability’s underlying amortized cost (carrying amount) multiplied by the effective interest rate. And the difference between interest expense and interest cash payment is the increase in debt because the interest accrued amount for the accounting period is not paid. [Implications]This study will be able to provide a discourse on improving explanation of the accounting for bonds payable in Korean IFRS principles of accounting textbooks. it is expected that it will help to understand the characteristics of principles－based IFRS and to educate students to understand the accounting for bonds payable more easily.