국제회계기준 도입모형 전략

Abstract

The convergence to IFRS is a worldwide trend, and therefore we need to consider adopting to it. Many countries already have a close relationship with IASB and conduct work jointly to incorporate their accounting rules into IFRS. This paper proposes the strategic plans for the convergence to IFRS by identifying the need for adopting IFRS and also reviewing the models adopted in other countries. Specifically, we review the adopting process of IFRS in the European Union, the United Kingdom, Germany, Australia and New Zealand, Singapore, the United States, Canada, Japan and China. Based on this review, we develop six applicable models and analyze the strengths and weaknesses of each model. Furthermore, we discuss the probable problems from social cost-benefit perspectives and provide the desirable objects and the timing for adopting IFRS. Based on the discussion, this paper proposes the best strategy that all IFRS would be adopted as a Korean GAAP word by word, with some changes limited within IFRS. This strategy will be a useful means for dramatically enhancing the level of international convergence to IFRS and for changing recognition of Korean GAAP. The adoption of IFRS should be done in a manner of harmonizing with Korean GAAP. To do this, this paper also suggests that the IFRS could be applied to all listed companies and the requirement of IFRS would be implemented in 2011.