회제이－00094는 전가의 보도인가?：복합금융상품의 회계처리에 대한 사례연구

[Purpose] This study examines the problem of discretionary accounting treatment of companies under the IFRS through the application of Hoejaee(reply to Inquiry)－00094, which is used as the basis for the classification of equity and liabilities in compound financial instruments such as convertible bonds, bonds with warrants, and redeemable convertible preferred stocks. [Methodology] This study supplements the future empirical study by observing several cases of companies that applied Hoejaee－00094. In other words, by studying a few single cases in depth, the problems of Hoejae－00094 are presented and future solutions are suggested. [Findings] The controversy over Hoejaee－00094 is ongoing. Accounting judgment for each company may be different from the conditions presented in Hoejaee－00094, and in this case, the contents of inquiry and reply may not be effective. In other words, Hoejaee－00094 is a response to questions about bonds with warrants in accordance with the introduction of international accounting standards, so it is difficult to apply it to all compound financial products at once. Therefore, this study suggests the possibility that various stakeholders, such as regulatory agencies and external information users, will raise questions in the future as well as conflicts of opinion among auditors. [Implications] Through this study, the problems of Hoejaee－00094 were identified, and it is necessary to apply the practical application rather than applying the corresponding Q&A all together. In addition, in the current situation where the subject of a company’s inquiry is not clear, different regulatory agencies may give different interpretations. In addition, there is a possibility that a company may intentionally request a reply to a question without presenting important assumptions or circumstances. Taken together, it is necessary to establish an integrated organization for inquiry to reply in accordance with IFRS and to provide professional guidelines for accounting, and at the same time, it is necessary to ensure that these guidelines do not harm principle－based accounting.