리픽싱 조건이 부여된 복합금융상품 관련 공시규정 개선의 필요성과 제도적 개선방안：수젠텍 사례를 중심으로

[Purpose]The purpose of this study is to point out the problems that may arise from accounting standards and disclosure regulations that evaluate the debt elements of derivatives embedded in convertible instruments. [Methodology]This study examined accounting standards of convertible instruments, and disclosure policies for derivatives valuation losses arising from convertible instruments, and presented confusion and problems that may arise from the accounting standards and disclosure policies through the real case study. In addition, this study suggests realistic improvement measures. [Findings]This study suggests that the disclosure policy could confuse investors, leading to inefficient capital market reactions and may causes difficulties for companies scheduled to be listed. [Policy Implications]This study suggests that the improvement measures presented in this study could alleviate problems caused by the disclosure policy without minimizing revision of standards, and provide policy implications to supervisory authorities and related institutions such as the Financial Supervisory Service and the Korea Exchange.